Consider the following data for a clinical laboratory: (a) Using ABC techniques, determine the allocation rate for each activity. (b) Now, using this allocation rate, estimate the total cost of performing each test. (c) Verify that the total annual costs aggregated from individual test costs equal the total annual costs of the laboratory given in the data above. Activity Receive specimen Set up equipment Run test Record results Transmit results Total costs Annual costs 10,000 25,000 100,000 10,000, 5,000 Total costs 150,000 Cost Driver No. of test No. of mins. per test No. of mins per test No. of mins per test No. of mins per test Activity Data Test A 2,000 5 1 2 3 Test B 1,500 5 5 2 3 Test C 1,000 10 10 2 3 Test D 500 10 20 4 3