Question: answer correctly LO 4-3 Exercise 4-7B Allocating costs among products Omega Company makes household plastic bags in three different sizes: Snack. Sandwich, and Stor- age.
LO 4-3 Exercise 4-7B Allocating costs among products Omega Company makes household plastic bags in three different sizes: Snack. Sandwich, and Stor- age. The estimated direct materials and direct labor costs are as follows: Expected Costs Direct materials Direct labor Snack $112,000 60,000 Sandwich $188,000 116,000 Storage $450,000 324,000 Omega allocates two major overhead costs among the three products: $75,000 of indirect labor cost for workers who move various materials and products to different stations in the factory and $80,000 of employee pension costs. Required Determine the total cost of each product. Round your figures to 3 decimal points
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