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ABC Odyssey Inc. has a total of $5,670,000 in production overhead costs. The companys products and related statistics follow. Product A Product B Direct material

ABC Odyssey Inc. has a total of $5,670,000 in production overhead costs. The companys 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 $1,306,800. One direct labor hours costs $28.80.

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 Product B
Total cost Answer Answer
Total cost per unit Answer Answer

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 Answer Answer
Total cost per unit Answer Answer

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 $1,800,000
Setup # of setups 464,400
Material handling # of pounds of material 3,405,600

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 Answer Answer
Total cost per unit Answer Answer

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