Chapter 15 (8 questions 35 points in total) Answer the following questions using the information below: Anna Corporation Ltd. operates one central plant that has two divisions, the Division X and the Division Y. The following data apply to the coming budget year: $600,000 $600 per hour Budgeted costs of operating the plant: Fixed operating costs per year Variable operating costs Budgeted long-run usage per year: Division X Division Y Practical capacity 2,000 hours 500 hours 3,000 hours Assume that practical capacity is used to calculate the allocation rates. Actual usage for the year by the Division X was 1,400 hours and by the Division Y was 600 hours. Required: 17. If a single-rate cost-allocation method is used, what amount of cost will be allocated to the Division X and Division Y? Assume actual usage is used to allocate operating costs