15-20 Support department cost allocation; direct and step-down methods. (LO 4) Phoenix Partners provides management consulting services to government and corporate clients. Phoenix has two support departmentsadministrative services (AS) and information systems (IS)and two operating departments- government consulting (GOVT) and corporate consulting (CORP). For the first year, Phoenix's cost records indicate the following: quarter of the D G 1 B SUPPORT AS IS E F OPERATING GOVT CORP Total $600,000 $2,400,000 $8,756,000 $12,452,000 $24,208,000 2 Budgeted overhead costs before any 3 interdepartment cost allocations Support work supplied by AS (budgeted head count) Support work supplied by IS 5 (budgeted computer time) 4 25% 40% 35% 100% 10% 30% 60% 100% Required 1. Allocate the two support departments' costs to the two operating 15-20 Support department cost allocation; direct and step-down methods. (LO 4) Phoenix Partners provides management consulting services to government and corporate clients. Phoenix has two support departmentsadministrative services (AS) and information systems (IS)and two operating departments- government consulting (GOVT) and corporate consulting (CORP). For the first year, Phoenix's cost records indicate the following: quarter of the D G 1 B SUPPORT AS IS E F OPERATING GOVT CORP Total $600,000 $2,400,000 $8,756,000 $12,452,000 $24,208,000 2 Budgeted overhead costs before any 3 interdepartment cost allocations Support work supplied by AS (budgeted head count) Support work supplied by IS 5 (budgeted computer time) 4 25% 40% 35% 100% 10% 30% 60% 100% Required 1. Allocate the two support departments' costs to the two operating