Strategic initiatives and CSR$.$

production is $$1,365,000.$ Of this cost, $40\%$ is for labor, $30\%$ is for materials, and $30\%$ is for overhead.

currently $55\%$ direct labor, $25\%$ direct materials, and $20\%$ 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 $2$:

Direct Labor

Direct Materials

Overhead

Total

Cost makeup of Procedure $1$:

Direct Labor

Direct Materials Overhead Total

Cost makeup of Procedure $2$:

Direct Labor

Direct Materials

Overhead

Total

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