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Marley Music produces toy instrumentstrumpet and flute for children. Molding costs are allocated to products based on a percentage of material costs. Molding costs of
Marley Music produces toy instrumentstrumpet and flute for children. Molding costs are allocated to products based on a percentage of material costs. Molding costs of $15,000 per month are budgeted and the store anticipates spending $30,000 in materials. By the end of the month, it was determined that actual molding costs were $14,500. If the company spends $6.50 per trumpet for materials, and $3.50 per flute for materials, how much of the molding costs will be allocated to each trumpet?
A.$0.50
B.$3.25
C.$0.48
D.$3.14
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