Production workers for Fanning Manufacturing Company provided $4,900$ hours of labor in January and $3,400$ hours in February. The company, whose operation is labor intensive, expects to use $48,600$ hours of labor during the year. Fanning 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?

Note: Do not round intermediate calculations.

$\backslash$table$[[$Month$,\backslash$table$[[$Allocated$],[$Cost$]]],[$January$,],[$February$,],[,]]$