Question #3 The lead accountant has compiled the following data in preparation for allocating overhead to three cost drivers. Overhead Costs $110,000 Utilities (phone, electric, water, gas, etc.) $1,020,000 CEO, VPs, Sunervisors, Secretary staff costs $870,000 Building lease & equipment $2,000,000 Utilities Admin/MGMT Factory Costs 2,000 00p A. Allocate the $t500.000 of monthly overhead costs to the following three cost drivers: 1) Units Produced 2) Direct Labor Hours 3) Raw Material Costs to determine the final product cost per unit (which includes Direct Labor, Raw Materials, and Overhead) Std Labor Rate ($/hr): $30.00 Labor Hrs Per Widget Direct Labor Cost per Widget Widget-1 Widget-2 4 $120.00 $240.00 8 Widget-3 $480.00 16 Drivers Widget-1 Widget-2 25,000 15,000 units per month 45,000 Units Produced in Factory (all inclusive) units per month 5,000 Widget-3 units per month Widget-1 Widget-2 Widget-3 100,000 Direct Labor Hours 300,000 hours per month 120,000 hours per month 80,000 hours per month per unit of Widget-1 per unit of Widget-2 per unit of Widget-3 B. Which of the three methods causes the Final Product Cost of Widget-3 to exceed $800? In 30 words or less, why did this occur? C. If the current sales price of Widget-3 is only $800, as the lead accountant, name at least TWO strategies you should consider to make Widget-3 a more viable product to sell/produce (increasing the sales price isS not an option due to competitiveness of market)? Raw Material Costs $25.00 $50.00 $200.00