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. Revenue Direct material Direct labor Overhead: Direct-material related Direct-labor related A1 B2 Total $190,000 $570,000 $760,000 75,000 150,000 225,000 58,000 137,750 195,750 54,000 50,895 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? a. % of direct-materials cost b % of direct-labor cost Predetermined rate Predetermined rate Total overhead (A1) Total overhead (B2) c. d