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ABC Odyssey Inc. has a total of $3,307,500 in production overhead costs. The company's products and related statistics follow. Product A Product B Direct material
ABC Odyssey Inc. has a total of $3,307,500 in production overhead costs. The company's products and related statistics follow. Product A Product B Direct material in pounds 139,500 190,500 Direct labor hours 30,000 37,500 Machine hours 52,500 22,500 Number of setups 430 860 Number of units produced 15,000 7,500 Additional data: The 330,000 pounds of material were purchased for $762,300. One direct labor hours costs $16.80. 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 (i.e. round $4.355 to $4.36). Product A A Product B Total cost $ 0$ 0 Total cost per unit $ 0 $ 0 0 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 (i.e. round $4.355 to $4.36). Product A Product B Total cost $ 0 $ Total cost per unit $ 0 $ 0 0 C. Assume that Odyssey Inc, uses the following activity centers, cost drivers, and costs to apply overhead to products: Cost Pool Cost Driver Cost Utilities # of machine hours $1,050,000 Setup # of setups 270,900 Material handling # of pounds of material 1986,600 Determine the total cost for each product and the cost per unit. Note: Round your final answers to two decimal places (i.e. round $4.355 to $4.36). Product A Product B Total cost 0 $ Total cost per unit $ 0 $ 0 0
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