Problem 17-4A Evaluating product line costs and prices using ABC LO P3 The following information applies to the questions displayed below.] Bright Day Company produces two beverages, Hi-Voltage and EasySlim. Data about these products follow Hi-Voltage 11,500 bottles 1,600 gallons 620 pounds 11,500 bottles EasySlim Production volume Liquid materials Dry materials Bottles Labels Machine setups Machine hours 220,000 bottles 25,000 gallons 16,000 pounds 220,000 bottles 4 labels per bottle 1 label per bottle 800 setups 350 setups 160 MH 3,900 MH Additional data from its two production departments follow Department Driver Cost Mixing department Liquid materials Dry materials Utilities Gallons Pounds Machine hours $ 1,330 9,141 1,218 Bottling department Bottles Labeling Machine setup Units Labels per bottle Setups $115,750 7,980 23,000 Required 1 Determine the cost of each product line using ABC. What is the cost per bottle for Hi-Voltage and &2. EasySlim? (Do not round your intermediate calculations. Round "Activity Rate" and "Average cost per bottle" answers to 2 decimal places.) Answer is not complete. Hi-Voltage EasySlim Expected Costs Overhead assigned Activity driver Overhead assigned ivity Expected Activity Activity Rate Activity driver incurred Mixing department Liquid materials Dry materials Utilities 1.330 26,600Gallons 9,14116,620Pounds 1,24,0Machine hours 0.05 per gallon 0.55 per 1,600 520 160 25,000 S 1,250 16,0008,800 1,170 pound 0.30 per machine hour 3,900 48 Botting department 115,750231,500Botles 46,000 Labels 0.50 11,5005.750 37,400 800 14,720 Total overhead cost 57.918 11,500 Average cost per bottle 5.04 Bottles Labeling Machine setup per bottle 0.17 per label 18.40 per setup 220,000 110,000 220,00037,400 3506,440 165,060 220,000 0.75 7,9804 2300250Setups 220,000 volume(bottles) 3. Assume if Hi-Voltage sells for $6.15 per bottle, how much profit does the company earn per bottle of Hi- Voltage that it sells? (Do not round intermediate calculations and round your final answers to 2 decimal places.) Hi-Voltage Price per unit Cost per unit Profit (loss) per unit 6.15