Thornton 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. Pactory manager's salary Factory utility cost Factory supplies Total overhead costs $230,000 74,000 24,000 $328,000 Thornton uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows. Cups Tablecloths Bottles Total machine hours 300 Hours 750 1.000 2,050 Required a. Allocate the budgeted overhead costs to the products. Allocation Rate x Weight of Base = Allocated Cost Product Cups Tablecloths 11 II 11 Bottles Total