Production workers for Campbell Manufacturing Company provided 5,300 hours of labor in January and 2,500 hours in February. The company, whose operation is labor intensive, expects to use 48,600 hours of labor during the year. Campbell paid a $121,500 annual premium on July 1 of the prior year for an insurance policy that covers the manufacturing facility for the following 12 months.

Required

Based on this information, how much of the insurance cost should be allocated to the products made in January and to those made in February? (Do not round intermediate calculations.)

MonthAllocated CostJanuaryFebruary