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Coca-Cola HBC USA produces two products: Sprite and Fanta. The total overhead cost is $30,000,000, with 120,000 machine hours for Sprite and 180,000 machine hours

Coca-Cola HBC USA produces two products: Sprite and Fanta. The total overhead cost is $30,000,000, with 120,000 machine hours for Sprite and 180,000 machine hours for Fanta. Calculate the overhead rate per machine hour and the overhead allocated to each product. Prepare a classified balance sheet as of December 31, 20X1.

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