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ABC Odyssey Inc. has a total of $1,417,500 in production overhead costs. The company's products and related statistics follow Product A Product B Direct
ABC Odyssey Inc. has a total of $1,417,500 in production overhead costs. The company's products and related statistics follow Product A Product B Direct material in pounds Direct labor hours Machine hours Number of setups Number of units produced 139.500 190.500 30,000 37.500 52.500 22,500 430 15.000 860 7.500 Additional data: The 330,000 pounds of material were purchased for $326,700. One direct labor hours costs $7.20 a. Assume that Odyssey Inc, uses direct labor hours to apply overhead to products. Determine the total cost for each product and the cost per unit. Note: Round your final answers to two decimal places (ie, round $4.355 to $4.36). Total cost Total cost per unit 5 Product A Product B b. Assume that Odyssey Inc. uses machine hours to apply overhead to products. Determine the total cost for each product and the cost per unit. Note: Round your final answers to two decimal places (ie. round $4.355 to $4.361. Total cost Total cost per unn S Product A Product B c. Assume that Odyssey Inc. uses the following activity centers, cost drivers, and costs to apply overhead to products: Cost Pool Utilities Setup Cost Driver of machine hours of setups Matenal handing of pounds of material Cost $450.000 116.100 51.400 Determine the total cost for each product and the cost per unit Note: Round your final answers to two decimal places (e. round $4.355 to 14.36), Total cost Total cost per unit S Product A Product B
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