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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

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. Factory managers salary $ 243,750 Factory utility cost 72,000 Factory supplies 22,000 Total overhead costs $ 337,750 Solomon uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows. Cups 280 Hours Tablecloths 700 Bottles 950 Total machine hours 1,930 Required Allocate the budgeted overhead costs to the products.

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