Question 1 (cost allocation, Gross margin) Use the following statement: Product A Product B Total sales volume (units)|150 1270 4 20 Revenue $27.000 $162.000 $189,000 ICOGS: direct materials 155,400 510.800 $16.200 direct labor $10.800 $27.000 $37.800 MOH $113,400 Gross margin $21.600 Required: (a) allocate the shared MOH ($113,400) among product A and product B, using direct labor dollars as the allocation base. overhead rate=5 per DLS MOH allocated to AS MOH allocated to Bus (b) using the allocated costs from (a). compute the gross margin for product A and product B. If you get a negative number, enter it with a minus sign, le, enter negative S1000 2 1000, not as (51000) gross margin for AS gross margin for B=5 (c) allocate the shared MOH (5113,400) among product A and product B. using the number of units as the allocation base. overhead rates per unit MOH allocated to A-s MOH allocated to Bus (d) using the allocated costs from (c), compute the gross margin for product A and product 8. If you get a negative number, enter it with a minus sign, le, enter negative S1000 as 1000, net as (51000) gross margin for AS gross margin for Bus Submit Answer Practice Another Version