Employees of DTI, Inc. worked 1,000 direct labor hours in January and 1, 400 direct labor hours in February. DTI expects to use 8,000 direct labor hours during the year, and expects to incur $2, 500 of Worker's Compensation insurance cost for the year. The cash payment for this cost will be paid in April. How much insurance premium should be allocated to products made in January and February? Costs that cannot be traced to objects in a cost-effective manner are called allocated costs. overhead costs. direct costs. indirect costs. What is the most logical cost driver for allocating the electricity bill among four roommates? What is the most logical criteria for selecting a cost driver? Explain Tellespan Company's newest product is losing money because of low sales volume. Market surveys suggest that the product is priced higher than its competition. The company uses an activity-based costing system and believes the product is priced fairly in relation to its cost. Would you advise Tellespan to change the way they allocate overhead in order to reduce their price? Explain your answer please