Help Save & Exit Submit Check my work Production workers for Rooney Manufacturing Company provided 4,200 hours of labor in January and 3,700 hours in February. The company, whose operation is labor intensive, expects to use 48,100 hours of labor during the year. Rooney paid a $105,820 annual premium on July 1 of the prior year for an insurance policy that covers the manufacturing facility for the following 12 months. Required Based on this information, how much of the insurance cost should be allocated to the products made in January and to those made in February? (Do not round intermediate calculations.) Month Allocated Cost January February Adams Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 300,000 pounds of raw materials, the company generates 70,000 pounds of B7, 150,000 pounds of K6, and 80,000 pounds of X9. A standard batch costs $2,400,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively. Required a. Allocate the joint product cost among the three final products using weight as the allocation base. b. Allocate the joint product cost among the three final products using market value as the allocation base. Complete this question by entering your answers in the tabs below. ces Required A Required B Allocate the joint product cost among the three final products using weight as the allocation base. Product Allocation Rate x Weight of Base - Allocated Cost B7 6 X9 Total allocated cost Reged Required B Adams Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 300,000 pounds of raw materials, the company generates 70,000 pounds of B7, 150,000 pounds of K6, and 80,000 pounds of X9. A standard batch costs $2,400,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively. Required a. Allocate the joint product cost among the three final products using weight as the allocation base. b. Allocate the joint product cost among the three final products using market value as the allocation base. s eBook Complete this question by entering your answers in the tabs below. Print Beforences Required A Required B Allocate the joint product cost among the three final products using market value as the allocation base. (Round "Allocation rate" to 2 decimal places.) Product Allocation Rate x Weight of Base - Allocated Cost X B7 6 X9 x Total allocated cost