Question 1 (cost allocation, Gross margin) Use the following statement: Product A Product BTotal 180 $40,000$240,000 $280,000 sales volume (units) 100 Revenue COGS: direct materials direct labor | Gross margin 280 $8,000 $16,000 $24,000 $16,000 $40,000 $56,000 $168,000 $32,000 Required: (a) allocate the shared MOH ($168,000) among product A and product B, using direct labor dollars as the allocation base. overhead rate=$ per DL$ MOH allocated to A=$ MOH allocated to B-$ and product B. (b) using the allocated cos from (a), compute the gross margin for product If you get a negative number, enter it with a minus sign, i.e., enter negative $1000 as -1000, not as ($1000) gross margin for A=$ gross margin for B=$ (c) allocate the shared MOH ($168,000) among product A and product B, using the number of units as the allocation base overhead rate=$ per unit MOH allocated to A=$ MOH allocated to B=$ (d) using the allocated costs from (c), compute the gross margin for product A and product B. If you get a negative number, enter it with a minus sign, i.e., enter negative $1000 as -1000, not as ($1000) gross margin for A=$ gross margin for B=$