Problem 04-4A Evaluating product line costs and prices using ABC LO P3 Bright Day Company produces two beverages, Hi-Voltage and EasySlim. Data about these products follow. Production volume Liquid materials Dry materials Bottles Hi-Voltage 11,500 bottles 2,000 gallons 920 pounds 11,500 bottles EasySlim 200,000 bottles 35,000 gallons 11,000 pounds 200,000 bottles label(s) per 2 bottle 300 setups 4,050 MH Labels 4 labels per bottle Machine setups Machine hours 900 setups 190 MH Additional data from its two production departments follow. Driver Cost Department Mixing department Liquid materials Dry materials Utilities Bottling department Bottles Labeling Machine setup Gallons Pounds Machine hours $ 3,330 5,960 2,120 Units Labels per bottle Setups $126,900 17,840 30,000 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 $715 per bottle, how much profit does the company earn per bottle of Hi-Voltage that it sells? 4. What is the minimum price that the company should set per bottle of EasySlim? HI-Voltage Expected Costs Easy Activity driver incurred Expected Activity Activity Rate Activity drive tocurred Overhead assigned Activity Maxing department Liquid materials Dry materiais Gallons Pounds Machine hours Utilities Bottling department Bottles Labeling Machine setup Bottles Labels Setups Slim Overhead assigned Hi-Voltage Price per unit Cost per unit Profit (loss) per unit What is the minimum price that the company should set per bottle of Easy Slim? Reg 3 ROD 4