Implement an ABC system at Johnson & Johnson to allocate costs across different product lines.

Cost Drivers	Allocation Basis	Annual Cost Allocation ($)
Production Hours	Number of hours	120,000,000
Inspection Hours	Number of hours	60,000,000
Material Usage	Amount of materials	90,000,000

Requirements:

Identify cost drivers such as production hours, inspection hours, and material usage.

Allocate costs to product lines like pharmaceuticals, medical devices, and consumer health products based on production complexity.

Analyze profitability using ABC allocations and suggest optimization strategies.

Prepare a report showing cost allocations and profitability analysis.