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Kyocera produces two products: Copiers and Printers. The overhead costs are allocated based on machine hours. The total overhead cost is $10,000,000, with 90,000 machine

Kyocera produces two products: Copiers and Printers. The overhead costs are allocated based on machine hours. The total overhead cost is $10,000,000, with 90,000 machine hours for Copiers and 60,000 machine hours for Printers. Calculate the overhead cost per machine hour and determine the overhead allocated to each product. Prepare the balance sheet after the formation of the partnership.

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