SCS Co. uses activity-based costing in their manufacturing process. The company produces two products, ABC and XYZ. SCS has provided their costing department the following information from this year's budget relating to the production of these two products: ABC XYZ Units to be produced 8,000 12,000 Machine-hours expected 220 440 Direct labor-hours expected 440 660 Materials handling (number of moves) 132 154 Machine setups (number of setups) 44 33 The following costs are expected to be incurred throughout the year and are related to the cost drivers being measured: Expected Total Costs Direct Labor Wages Materials handling $110,000 $8,800 Labor-related overhead $92,400 Machine setups $15,400 What is the expected overhead allocated to product XYZ? NOTE: Round all per-unit costs to the nearest cent. Select one: a. $66,778.58 b. $62,040.00 O c. $60,178.58 d. None of the amounts listed. e. $49,821.64