Sweeper Company produces brooms. Utility costs are allocated to products based on a percentage of material costs. Utility costs of $15,000 per month are budgeted and the store anticipates spending $30,000 in materials. If the company spends $8.50 per broom for materials, how much of the utility costs will be allocated to each broom? Answer $4.25 $2.00 $17.00 $8.50