ALL ONE QUESTION! THIRD TIME POSTING THIS! ANSWER EACH REQUIREMENT FOR THUMBS UP

Concord Partners provides management consulting services to government and corporate clients. Concord has two support departments-administrative services (AS) and information systems (15)-and two operating departments-government consulting (GOVT) and corporate consulting (CORP). For the first quarter of 2020, Concord's cost records indicate the following (Click the icon to view the cost records.) Read the inte CO Support Departments AS Operating Departments GOVT Reciprocal Method IS CORP Budgeted overhead costs before interdepartment cost allocations 300000 3000000 8700000 Allocation of AS costs Allocation of IS costs Total budgeted overhead of operating departments The two support departments costs have been allocated to the two operating departments using the direct method and the step-down method (AS department first) and the step-down method S department first) The results of the allocations are as follows: (Click the icon to view the direct method) (Click the icon to view the step-down method (AS first)) (Click the icon to view the step-down method (5 st)) (Click the icon to view a summary of the three methods) Total Data table A F 1 SUPPORT 2 AS IS GOVT CORP Total $ 300,000 $3,000,000 $8,700,000 $ 12,490,000 $ 24,490,000 Budgeted overhead costs before any 3 interdepartment cost allocations Support work supplied by AS 4 (budgeted head count) 0 25% 45% 30% 100% Support work supplied by IS 5 (budgeted computer time) 10% 0 27% 63% 100% B D OPERATING E X Requirements 1. Allocate the two support departments' costs to the two operating departments using the reciprocal method. Use (a) linear equation and (b) repeated iterations. 2. Compare and explain differences in requirement 1 with those of the direct method and the step down method. Which method do you prefer? Why? Print Done