MANAGERIAL ACCOUNTING HANDOUT PROBLEM 6 Score Name Section Problem (10 points). Carambola Clothing operates four clothing stores and allocates headquarters' costs based on the arithmetical average of three different factors. CARAMBOLA CLOTHING FACTORS USED TO ALLOCATE HEADQUARTERS' COSTS FOR CURRENT YEAR (1) Percentage of payroll dollars in each store to the total payroll dollars for all stores. (2) Percentage of sales dollars in each store to the total sales for all stores. (3) Percentage of the average gross book value of tangible assets of each store to the total book value of tangible assets for all stores. The company has headquarters' costs of $400,000. The relevant information for the stores is attached REQUIRED: Determine the amount of headquarters' costs that should be allocated to each store, Show all appropriate computations. Round all percentages calculated for the allocation of costs to three decimal places. Round the calculations for the dollar amounts allocated to the nearest whole dollar. CARAMBOLA CLOTHING DATA AVAILABLE FOR ALLOCATION OF HEADQUARTERS' COSTS FOR CURRENT PERIOD STORES St. Louis Atlanta Boston Chicago 120.000 $ 80,000 $ S 90,000 $ 130,000 Payroll Sales Tangible Assets 1,500,000 2,000,000 1,300,000 2,200,000 200.000 250,000 180,000 170,000