Required information 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 Easyslim Production volume Liquid materials Dry materials Bottles 10,000 bottles 1,600 gallons 1,020 pounds 10,000 bottles 190,000 bottles 25,000 gallons 8,000 pounds 190,000 bottles label (s) per bottle Labels 3 labels per bottle 600 setups 220 MH Machine setups Machine hours 500 setups 3,600 MH Additional data from its two production departments follow Department Driver Cost Mixing department Liquid materials Dry materials Utilities Gallons Pounds Machine hours s 1,330 3,157 1,528 Bottling department Units Bottles Labeling Machine setup $60,000 Labels per bottle 16,400 16,500 Setups Problem 17-4A Parts 1, 2 & 3 Required 1& 2. Determine the cost of each product line using ABC. What is the cost per bottle for Hi-Voltage and EasySlim? 3. If Hi-Voltage sells for $6.85 per bottle, how much profit does the company earn per bottle of Hi-Voltage that it sells? Req 1 to2 Req 3 Determine the cost of each product line using ABC. What is the cost per bottle for Hi-Voltage and EasySlim? (Do not round your intermediate calculations. Round "Activity Rate" and "Ave to 2 decimal places.) Hi-Voltage EasySlim Overhead Activity driver Overhead incurred Activity Expected Costs Expected Activity Activity Rate Activity driver incurred assigned assigned Mixing department Liquid materials Dry materials Utilities Gallons Pounds Machine hours Bottling department Bottles Labeling Machine setup Bottles Labels Setups If Hi-Voltage sells for $6.85 per bottle, how much profit does the company earn per bottle of Hi-Voltage that it sells? Hi-Voltage Price per unit Cost per unit Profit (loss) per unit