please help me find the material cost, labor cost, overhead cost and fully allocated cost?

A friend of yours makes a knitted beanie for all his friends. You would like to help him make a business out of it and as the first step you will calculate the fully allocated costs of one beanie. The important information is below. - Each beanie needs 3.5 oz of yarn. - Below is the yarn: - One in every 30 beanies has a missed stich and instead of undoing the knitting, he will donate it to a homeless shelter. - The tag costs $0.50 - He will need to buy chairs and knitting needles for the employees. The 3 chairs he needs will costs $150 each and the needles cost $5 for a pair. These both will last for 3 years. - He will pay the employees $25 hour. He expects to pay the employees only when they are working on the beanies. - The beanies are made in his living room, and he pays his roommates $300/ month for rent of this space. - The yearly sales of beanies are projected at 1500/yr - The time study to make a beanie is below. Assume the rating for the worker is 100 and use a 25% allowance. (10 points) What is the material cost of each beanie? (10 points) What is the labor cost of each beanie? (5 points) What is the overhead cost per beanie? (5 points) What is the fully allocated cost of each beanic? What price would you recommend for each beanie? (just take a guess) A friend of yours makes a knitted beanie for all his friends. You would like to help him make a business out of it and as the first step you will calculate the fully allocated costs of one beanie. The important information is below. - Each beanie needs 3.5 oz of yarn. - Below is the yarn: - One in every 30 beanies has a missed stich and instead of undoing the knitting, he will donate it to a homeless shelter. - The tag costs $0.50 - He will need to buy chairs and knitting needles for the employees. The 3 chairs he needs will costs $150 each and the needles cost $5 for a pair. These both will last for 3 years. - He will pay the employees $25 hour. He expects to pay the employees only when they are working on the beanies. - The beanies are made in his living room, and he pays his roommates $300/ month for rent of this space. - The yearly sales of beanies are projected at 1500/yr - The time study to make a beanie is below. Assume the rating for the worker is 100 and use a 25% allowance. (10 points) What is the material cost of each beanie? (10 points) What is the labor cost of each beanie? (5 points) What is the overhead cost per beanie? (5 points) What is the fully allocated cost of each beanic? What price would you recommend for each beanie? (just take a guess)