2) Yo Co. makes two products and expects to incur the following overhead costs next year: Machining Setup Packaging Total Overhead Costs $80,000 $40,000 $50,000 Yo Co expects the following next year: Prod 1 1,000 Total 5,000 20 40 Machining hours Number of setups Units Direct Labor Direct Materials Prod 2 4,000 20 35,000 $80,000 $50,000 50,000 15,000 $20,000 $60,000 What is the PDO assuming a single plant-wide rate based on direct labor cost? h Using traditional method, how much overhead is assigned products 12 Product2? Using traditional method, what is the total cost of product 1? Product 2? If sales are $120,000 for prod 1 & $320,000 for prod 2, what is the gross profit per unit using the single plant-wide rate? e. Use activity based costing to come up with ABC rates. f. Using ABC, how much overhead is assigned to prod 1? Prod 22 9. Using ABC, what is the total product cost of prod 1? Prod 22 h f sales are $120,000 for prod 1 & $320,000 for prod 2, what is the gross profit per unit using ABC? See next page