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please see attached file regarding allocations. please round to nearest cent X Company has two production departments, X and Y. Listed below is budgeted information

please see attached file regarding allocations. please round to nearest cent

image text in transcribed X Company has two production departments, X and Y. Listed below is budgeted information for the two departments, and actual information for one of its products, Product 1: Department X All Products Overhead $5,900,000 Direct labor $1,020,000 $13,498 Direct labor hours 60,000 794 Machine hours 110,000 1,070 Units produced 60,000 590 Department Y Overhead $2,200,000 Direct labor $680,000 $3,111 Direct labor hours 40,000 183 Machine hours 120,000 820 Units produced 35,000 590 Using a departmental allocation system with machine hours as the cost driver in Department X and direct labor hours as the cost driver in Department Y, what was the allocation to Product 1 [round rate(s) to the nearest cent]

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