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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

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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. Factory manager's salary Factory utility coat Factory supplies Total overhead costs $222, 350 77,000 29,000 $328, 350 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 290 Hours 725 975 1,990 Required a. Allocate the budgeted overhead costs to the products, Allocation Rate Product Cups x Weight of Base - Allocated Cost X $ 0 0 Tablecloths Bottles X 0 0 $ Total

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