C15 - Microsoft Office X File Home Insert Page Layout Formulas Data Review View Tell me what you want to do. Sign in & Share 1 Cut Calibri 11 - A A Be Wrap Text General LEX AutoSum AY O BB Copy Fill - Paste BE $ - % " Conditional Format as Cell Insert Delete Format Sort & Find & Format Painter BIU - Merge & Center Formatting * Table Styles Clear Filter . Select Clipboard G Font Alignment Number Styles Cells Editing P6 X v fx A B C D E F G H J K L M N O P Q IN 3 Bloom Corporation provides management consulting services to retail and manufacturing clients. Bloom has two 4 support departments - Human Resources (HR) and Accounting (AC). Bloom also has two operating departments - Retail Consulting (RC) and Manufacturing Consulting (MC). For the first quarter of 2022, Bloom Corporation's cost 6 |records indicate the following: Support Depts Operating Depts. AC HR Retail Manufacturing Budgeted direct overhead costs prior to any inter-department 10 allocations $1,800,000 $700,000 $8,450,000 $4,375,000 Support work supplied by HR 11 (based on employee numbers) 20% 30% 50% Support work supplied by AC 12 (based on revenue generated) 10% 70% 20% 13 14 Required: 15 1. Allocate the support department costs to the operating departments using the direct method. (6 points) 16 17 2. Allocated the support department costs to the operating departments using the step down method - allocating Accounting first. (7 points) 18 19 3. Allocate the support department costs to the operating departments using the step down method - allocating Human Resources first. (7 points) :15 + Ready + 100% 9:10 AM e EM ? A 4/14/2022 56