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Channing Corporation makes two products (A1 and B2) that require direct materials, direct labor, and...

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Accounting

Channing Corporation makes two products (A1 and B2) that require direct materials, direct labor, and overhead. The following data refer to operations expected for next month.

A1B2TotalRevenue$210,000$630,000$840,000Direct material85,000170,000255,000Direct labor62,000147,250209,250Overhead:Direct-material related66,300Direct-labor related62,775

Required:

Channing uses a two-stage cost allocation system, It uses direct-material costs to allocate direct-materials related overhead and direct-labor costs to allocate direct-labor related overhead costs.

a.Compute the direct-material related overhead rate for next month.

b.Compute the direct-labor related overhead rate for next month.

c.What is the total overhead allocated to product A1 next month?

d.What is the total overhead allocated to product B2 next month?

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