Production workers for Benson Manufacturing Company provided 5 , 6 0 0 hours of labor in January
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Question:
Production workers for Benson Manufacturing Company provided hours of labor in January and hours in February. The company, whose operation is labor intensive, expects to use hours of labor during the year. Benson paid a $ annual premium on July of the prior year for an insurance policy that covers the manufacturing facility for the following 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?
Note: Do not round intermediate calculations.
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