Exercise $4-8$A $($Algo$)$ Allocating to smooth cost over varying levels of production LO $4-3$

Production workers for Perez Manufacturing Company provided $320$ hours of labor in January and $550$ hours in February. Perez expects to use $4,000$ hours of labor during the year. The rental fee for the manufacturing facility is $$8,000$ per month.

Required

Based on this information, how much of the rental cost should be allocated to the products made in January and to those made in February?

Note: Do not round intermediate calculations.