Exercise 6-48 (Algo) Two-Stage Cost Allocation and Predetermined Rates (LO 6-3,4,5) Channing Corporation makes two products (A1 and B2) that require directmaterials, 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 $250,000 $750, Bea $1,000,000 105, 210,000 315.000 70,000 166,25e 236,250 94,500 89.775 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? % of direct materials cast % of direct-labor cost Predetermined rate Predetermined rate Total overhead (A1) Total overhead (B2) C d