[Notice this is a \"pure\" allocation problem. We do not know anything about Sales or Direct Costs and cannot calculate profits. We only deal with the allocation of indirect costs!] Crowley Stone Furniture Company makes and sells marble tables in two models: Standard and Deluxe. The company expects to incur $800,000 in overhead costs this coming year: $200,000 in the Cut and Grinding department and $600,000 in the Finish and Polishing department. 1. What are the Cost Obiects in this problem? 2. What are the two, separate Cost Pools? The Cut and Grinding department allocates overhead using machine hours and expects to use 25,000 hours in the coming year. The Finish and Polishing department allocates overhead using direct labor hours and plans to utilize 50,000 hours of direct labor time for the year. 3. What are the two, separate Allocation Bases that we will use? 4. Use the cost pools and the expected quantities for the allocation bases to calculate the two, separate Allocation Rules for this problem. The Cut and Grinding department allocates overhead using machine hours and expects to use 25,000 hours in the coming year. The Finish and Polishing department allocates overhead using direct labor hours and plans to utilize 50,000 hours of direct labor time for the year. 3. What are the two, separate Allocation Bases that we will use? 4. Use the cost pools and the expected quantities for the allocation bases to calculate the two, separate Allocation Rules for this problem. 0 Both the standard model table and the deluxe model require 2.5 hours of machine time in the cut and grinding department. 0 The standard model requires 4 hours of work in the nish and polishing department while the deluxe model requires 9 hours. a The company expects to make and sell 8,000 standard models and 2,000 deluxe models in the coming year. 5. Use this information to determine the breakdown of the total allocation base quantities. Then, use your allocation rule to allocate the cost pool to the cost objects