Odyssey Inc. has a total of $2,835,000 in production overhead costs. The company's products and related...

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Odyssey Inc. has a total of $2,835,000 in production overhead costs. The company's products and related statistics follow. Product A Product B Direct material in pounds 139,500 190,500 Direct labor hours 30,000 37,500 Machine hours 52,500 22,500 Number of setups 430 860 Number of units produced 15,000 7,500 Additional data: The 330,000 pounds of material were purchased for $653,400. One direct labor hours costs $14.40. a. Assume that Odyssey Inc. uses direct labor hours to apply overhead to products. Determine the total cost for each product and the cost per unit. Note: Round your final answers to two decimal places (i.e. round $4.355 to $4.36). Product A Product B Total cost Total cost per unit b. Assume that Odyssey Inc. uses machine hours to apply overhead to products. Determine the total cost for each product and the cost per unit. Note: Round your final answers to two decimal places (i.e. round $4.355 to $4.36). Product A Product B Total cost $ Total cost per unit $ Product B Total cost Total cost per unit $ $ c. Assume that Odyssey Inc. uses the following activity centers, cost drivers, and costs to apply overhead to products: Cost Pool Cost Driver Cost Utilities # of machine hours $900,000 Setup # of setups 232,200 Material handling # of pounds of material 1,702,800 Determine the total cost for each product and the cost per unit. Note: Round your final answers to two decimal places (i.e. round $4.355 to $4.36). Product A Product B Total cost Total cost per unit $ Product A $ A $ Odyssey Inc. has a total of $2,835,000 in production overhead costs. The company's products and related statistics follow. Product A Product B Direct material in pounds 139,500 190,500 Direct labor hours 30,000 37,500 Machine hours 52,500 22,500 Number of setups 430 860 Number of units produced 15,000 7,500 Additional data: The 330,000 pounds of material were purchased for $653,400. One direct labor hours costs $14.40. a. Assume that Odyssey Inc. uses direct labor hours to apply overhead to products. Determine the total cost for each product and the cost per unit. Note: Round your final answers to two decimal places (i.e. round $4.355 to $4.36). Product A Product B Total cost Total cost per unit b. Assume that Odyssey Inc. uses machine hours to apply overhead to products. Determine the total cost for each product and the cost per unit. Note: Round your final answers to two decimal places (i.e. round $4.355 to $4.36). Product A Product B Total cost $ Total cost per unit $ Product B Total cost Total cost per unit $ $ c. Assume that Odyssey Inc. uses the following activity centers, cost drivers, and costs to apply overhead to products: Cost Pool Cost Driver Cost Utilities # of machine hours $900,000 Setup # of setups 232,200 Material handling # of pounds of material 1,702,800 Determine the total cost for each product and the cost per unit. Note: Round your final answers to two decimal places (i.e. round $4.355 to $4.36). Product A Product B Total cost Total cost per unit $ Product A $ A $

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Answer Solution 000342 B Direct material Direct Jabor Oven head cost Total Cost Text Number ... View the full answer