Question 2 Instructions:a) Calculate the cost of each product (A-E) using:i. Traditional Absorption Costingii. Activity Based Costingb) Calculate the profit of each product (A-E) using:iii. Traditional Absorption Costingiv. Activity Based Costingc) Comment in detail on why there would be differences in:i. Profits between a marginal costing and an absorption costing system?ii. Product Costs between a Traditional Absorption costing and Activity Based Costing system?Note: Actual and Budgeted Overheads are Identical. Furthermore, Actual and Budgeted Machine Hours are identical.Note: Calculations are required for a and b. Answers for ci and cii should have written responses of approximately 100 words each.