Compute the unit cost of both the basic and deluxe toaster using both the unit-based approach, and the activity-based costing approach.

Compute the unit cost of both the basic and deluxe toaster using both the unit-based approach, and the activity-based costing approach. Use the data and template provided in this file: Part 2 Writing Project.xls . Also, prepare sample budgeted income statements and balance sheets based on the costing data you calculated. You can make your own assumptions related to the number needed to complete these statements. ( For part one I only need a income Statement and a balance sheet).Prepare a 2 page memo addressed to the CFO summarizing your findings, and why you believe the activity-based costing method gives you more useful information to make decisions for the company. Include in the memo at least 4 ratios that you feel highlight your position that activity-based costing is more useful and include your spreadsheet from last week.