ng 3. EX.07.20.ALGO (Algorithmic) LO 3 Direct Method and Overhead Rates o Jasmine Company manufactures both pesticide and liquid fertilizer, with each product manufactured in separate departments. Three support departments support the production departments: Power, General Factory, and Purchasing. Budgeted data on the five departments are as follows: Support Departments Producing Departments Liquid Pesticide Fertilizer General Power Factory $107,400 Purchasing $165,000 1,500 Overhead $316,000 $78,800 4,200 24,000 $80,000 1,500 4,800 8,000 1,403 1,345 60 Square feet Machine hours Purchase orders 7 120 40 20 The company does not break overhead into fixed and variable components. The bases for allocation are power- machine hours; general factory-square feet; and purchasing-purchase orders. Required: 1. Allocate the overhead costs to the producing departments using the direct method. If required, round your allocation ratios to four decimal places and round allocated costs to the nearest dollar and use the rounded values for the subsequent calculations. Cost assignment: Pesticide Liquid Fertilizer $ Direct costs