Question 14 ABC Inc. has two major products in their portfolio: handbags and wallets. Both of these products are made out of leather which costs $2 & $15 per unit respectively. Each handbag consumes 2 hours of labor and wallets consume 1 hour of labor to produce. If the total overhead cost is $14,000 and assigned based on the direct labor hours, what is the unit cost of each product under traditional costing method if 200 handbags and 300 wallets are produced. Assume labor rate is $27 / hour. A Handbag: $127 & Wallet: $65 B Handbag: $114 & Wallet: $57 C Handbag: $90 & Wallet: $45 D Handbag: $199 & Wallet: $62 1 Point