Question: here are the correct cost to the cost breakdown, please provide correct formulas for balances to the empty spaces. Support activity cost allocation Jake s

here are the correct cost to the cost breakdown, please provide correct formulas for balances to the empty spaces. Support activity cost allocation Jakes Gems mines and produces diamonds, rubies, and other gems. The gems are produced by way of the Mining and Cutting activities. These production activities are supported by the Maintenance and Security activities. Security costs are allocated to the production activities based on asset value. Maintenance costs are normally allocated based on machine hours. However, Maintenance costs typically correlate more with the number of service calls. Information regarding the activities is provided in the following table: Line Item DescriptionMaintenanceSecurityMiningCuttingNumber of service calls17206020Machine hours8988182176Asset value$200,000$80,000$120,000$480,000Department cost$25,000$42,500$160,000$95,0001. Is the process of allocating maintenance costs based on machine hours correct? Identify the measure than can possibly be used to allocate the maintenance costs. YesNoNo Measures that can possibly be used to allocate the maintenance costs. a. Number of service calls b. Asset value c. Department cost d. None of the above abcda 2. Based on your response to part (1), determine the total costs allocated from each support activity to the other activities using the reciprocal services method and the most appropriate cost driver for Maintenance. Line Item DescriptionMaintenance DepartmentSecurity DepartmentMining DepartmentCutting DepartmentMaintenance cost allocation$fill in the blank 3$fill in the blank 4$fill in the blank 5Security cost allocation$fill in the blank 6$fill in the blank 7$fill in the blank 8Production activities total costs$fill in the blank 9$fill in the blank 10

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