Production workers for Rundle Manufacturing Company provided $4,700$ hours of labor in January and $2,900$ hours in February.

The company, whose operation is labor intensive, expects to use $48,600$ hours of labor during the year. Rundle paid a $$111,780$

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.