1. A company allocates its setup costs based on the number of setups in each of its operating departments. Below is both the budgeted and actual setup information by department for the month of June. Costs of Setups Budget $115,000 Actual $96,750 # of setups for Assembly 30 30 # of setups for Machining Variable Cost per Setup Total Fixed Costs 20 15 $1,350 $1,300 $47,500 $38,250 Requirements: Calculate the single-rate and allocate costs to each department based on the criteria below Budgeted Rate and Budgeted # of Setups Budgeted Rate and Actual # of Setups O Actual Rate and Actual # of Setups Calculate the dual-rate and allocate costs to each department using the information below: Variable costs allocated based on budgeted rate and actual # of setups Fixed costs allocated based on budgeted rate and budgeted # of setups sqeb