Overtime AllocationArlin Fabrication Company produces tools on a job order basis.During May, two jobs were completed, and the following costswere incurred:Job 401 Job 402Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . $28,000 $37,000Direct labor: Regular . . . . . . . . . . . . . . . . . . . . . . . 18,000 23,000Overtime premium . . . . . . . . . . . . . . . . . . . . . . . – 6,000Other factory costs for the month totaled $16,800. Factory overheadcosts are allocated one-third to Job 401 and two-thirds toJob 402.a. Describe two alternative methods for assigning the overtimepremium cost to Jobs 401 and 402 and explain how the appropriatemethod would be determined.                                                                                                  b. Compute the cost of Jobs 401 and 402 under each of the twomethods described in part a.

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