Strategic initiatives and CSR is for materials, and $40\%$ is for overhead.

Company management estimates that Procedure $1$ costs twice as much as Procedure $2.$

Required:

Cost makeup of Procedure $1$:

Direct Labor &

Direct Materials

Overhead

Total

$

Cost makeup of Procedure $2$:

virect Labor

Direct Materials

Overhead

Total

$4$

for each procedure.

Cost makeup of Procedure $1$:

Direct Labor &

Direct Materials

Overhead

Total

Cost makeup of Procedure $2$:

Direct Labor $

Direct Materials

Overhead

Total expected to enable the company to meet its target gross profit percentage $($holding all other costs constant$).$

Maximum new cost of P$2$ overhead materials: $