Product Al Number of setups Machining hours Orders packed Number of products manufactured 1,000 150 600 Product BI 20 4,000 350 400 Berg Company incurs $320,000 overhead costs each year in its three main departments, setup ($20,000), machining ($220,000), and packing ($80,000). The setup department performs 40 setups per year, the machining department works 5,000 hours per year, and the packing department packs 500 orders per year. Information about Berg's two products is as follows: Using ABC, how much overhead is assigned to Product A1 each year? $160,000 $242,000 O$ 64,000 O $ 78,000 Question 17 (1 point) In a process cost system, product costs are summarized: O on job cost sheets. Oon production cost reports. O after each unit is produced. O when the products are sold. Question 18 (1 point) If 120,000 units are started into production there was no beginning work in process, and 40,000 units are in process at the end of the period, how many units were completed and transferred out? 120,000. 40,000 80,000 O 160,000.