A manufacturing company produces two products A, and B. The fixed factory monthly overhead is $60,000, comprising of $10,000 for material handling, material wastes and procurement (allocation basis: material cost), $20,000 for rent (allocation basis: product units), $10000 for utilities (allocation basis: product labor hours), and $20,000 for supervision and security (allocation basis: product units). Other applicable data are shown in the table below. Determine the product cost for products A, and B, using the Activity Based Costing (ABC) method.

Product A Product B Number of Units Produced Per Month Total Material Costs Per Month (S) Labor Hours Per Unit (hr) Labor Rate Per Unit ($/hr) Machine Hour Per Unit (hr) 900 400 8000 (()()() 4000 20 1.5 1 30