all one question, answer EACH PART CORRECTLY (pay attention to decimals). I NEED REQUIREMENTS 1 and 2 MOST IMPORTANTLY. please read all requirements!!!!! if correctly answered, will give thumbs up

Homework: Chapter 15 HW-SP 22 Question 3, E15-24 (similar to) Part 1 of 5 HW Score: 76.47%, 2.29 of 3 points Points: 0.29 of 1 Save Gramzow Corporation has three divisions: pulp, paper, and fibers. Gramzow's new controller, Ben Tailor, is reviewing the allocation of Sixed corporate-overhead costs to the three divisions. He is presented with the following information for each division for 2020 Until now, Granzow Corporation has allocated fored corporate-overhead costs to the divisions on the basis of division margins. Talor asks for a list of costs that comprise fixed corporate overnad and suggests the following new alocation bases (Click the icon to view the data) (Click the icon to view the fixed corporate overhead and new locations) Read the requirements CHED Requirement 1. Allocate 2020 fixed corporate-overhead costs to the three divisions using division margin as the allocation base What is each division's operating margin percentage (division margin minus allocated fixed corporate-overhead costs as a percentage of revenues)? Allocate the fixed corporate-overhead costs, then calculate the division operating margins in dollars and as a percentage of revenus (Round alocation proportions to one decimal place, XX%, and dular amours to the nearest dollar. Enter operating margin percentages to one decimal XX%) Pulp Paper Fibers 9,700,000 Division margin $ 3.000.000 $ 7,300,000 S Allocated fixed corporate-overhead Operating margin) Operating margin% Requirements - X 1. Allocate 2020 fixed corporate-overhead costs to the three divisions using division margin as the allocation base. What is each division's operating margin percentage (division margin minus allocated fixed corporate-overhead costs as a percentage of revenues)? 2. Allocate 2020 fixed costs using the allocation bases suggested by Tailor. What is each division's operating margin percentage under the new allocation scheme? Compare and discuss the results of requirements 1 and 2. If division performance incentives are based on operating margin percentage, which division would be most receptive to the new allocation scheme? Which division would be the least receptive? Why? 3. 4. Which allocation scheme should Gramzow Corporation use? Why? How might Tailor overcome any objections that may arise from the divisions? Data table Revenues Direct manufacturing costs Division administrative costs Division margin Number of employees Floor space (square feet) $ Pulp 9,900,000 $ 3,600,000 3,300,000 3,000,000 $ 160 55,800 Paper 17,000,000 $ 7,700,000 2,000,000 7,300,000 $ 120 33,480 Fibers 25,200,000 10,800,000 4,700,000 9,700,000 520 90,720 X Suggested Allocation Bases Fixed Corporate-Overhead Costs Human resource management $ 2,000,000 Number of employees Facility 3,500,000 Floor space (square feet) 5,000,000 Division administrative costs Corporate administration $ 10,500,000 Total Requirement 2. Allocate 2020 fixed costs using the allocation bases suggested by 1 What is each division's operating margin percentage under the new allocation scheme? Allocate the fixed corporate-overhead costs, then calculate the division operating margins in dollars and as a percentage of revenue. (Round allocation proportions to one decimal place, XX%, and dollar amounts to the nearest dollar. Round the operating margin percentages to ono decimal, XX% Use parentheses or a minus sign for negative amounts) Pulp Paper Fibers Division margin $ 2,300,000 S 7.200,000 $ 10,500,000 Allocated foxed corporate-overhead costs Human resource management 735,000 315,000 1,050,000 750,000 Facility 518,000 1.520,000 1,320.000 525.000 2552 000 Corporate administration (511,000) $ 5.839,000 5.372.000 Operating margin