76 Engineering Management 5. A manufacturing company makes three products, A, B, and C. The fixed FO is $60,000, consisting of $10,000 for material handling, material waste, and procure- ment; $30,000 for rent and utilities; and $20,000 for safety and canteen costs. Other costs are shown in Table 6.16. a. Determine the product cost for products A, B, and C, using the ABC method. b. If products A, B, and C are sold at $400, $350, and $150 y per unit, respective what is the gross profit for each product? What is the company's total gross profit per month if all units produced are sold? c. TABLE 6.16 Product Costs Number of units produced per month Total material costs per month ($) Labor hours per unit Labor rate per unit (s per hour) Machine hour per unit (hour) Product A 250 5000 4 25 Product B 400 8000 3.5 20 Product C 900 4000 1.5 30