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Solomon Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include

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Solomon Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following Tactory manager's salary Factory utility cont Factory supplies Total overhead conta 5261,200 74,000 23,000 $ 358,200 Solomon uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows Cups Tablecloths Bottles Total schine hours 290 Hours 725 975 1.990 Required a. Allocate the budgeted overhead costs to the products, Allocation Rate * Weight of Base - Allocated Cost Product Cups Tablecloths Botti Total

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