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Use the machine hours as cost drivers to compute allocation weight of base and allocated costs. I'm having an issue with the formula Tyson Hats

Use the machine hours as cost drivers to compute allocation weight of base and allocated costs. I'm having an issue with the formula

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Tyson Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Tyson expects to incur $550,000 of overhead cost during the next fiscal year. Other budget information follows. Vogue Beauty Glamour Total Direct labor hours 6,000 8, 000 11, 000 25, 000 Machine hours 1, 100 1, 400 3, 000 5,500 Required a. Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. b. Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Complete this question by entering your answers in the tabs below. Required A Required B Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Product Allocation Rate x Weight of Base = Allocated Cost Vogue Beauty Glamour Total

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