11. GolfPro makes golf shafts . They make both a titanium shaft and an aluminum shaft . A lot of machining is required for both shafts , so GolfPro wants to allocate the overhead costs based on the total hours of machine time used . In May , production of the titanium shaft required 5,400 hours of machine time , while the aluminum shaft needed 2,600 hours . If the overhead for May is $ 93,000 , how much of the overhead should be allocated to the titanium shaft ? 12. Alan , Bob and Chuck are partners in an advertising firm . The profit is allocated as follows : They each get $ 80,000 . Any remaining profit is allocated in proportion to the revenue OVER $ 2,000,000 the partner brought in . Alan brought in $ 2,200,000 in advertising revenue , Bob $ 1,900,000 and Chuck $ 2,350,000 . If Alan's share is $ 108,000 , how much is Chuck's share ? 13. The Ministry of Education allocates its budget in proportion to student enrollments . The Ministry has $ 1,000,000 to allocate and the student enrollments are as follows : No - Knowledge College 12,000 Lower College 15,000 School of Hard Knocks 13,000 ( a ) Allocate the budget in proportion to enrollment . ( b ) Next year total enrollment is expected to reach 65,000 . No - Knowledge expects to have 3,000 more students and the ratio of students at the Lower College to students at Hard Knocks to remain the same at 15:13 . Give the estimate for enrollment at each college . 14. The Harrison Lake Co likes to maintain a capital structure of 5 : 4 : 2 ( dollar value of debt to common shares to preferred shares ) . The company is considering a new project and will need to raise $ 2.200,000 . If the company wants to maintain its existing capital structure , how much debt , common stock and preferred stock should they issue