Step method The DogCat Insurance Company has two service departments -Assessment and premium Estimate, and two operations
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Step method The DogCat Insurance Company has two service departments -Assessment and premium Estimate, and two operations departments - Dogs and Cats. The distribution of each service department's efforts to the other departments is shown below: FROM TO Assessment Estimate 0% 20% Assessment Premium Estimate Dogs Cats Estimate $40,000 $30,000 $60,000 $70,000 40% 0% Dogs 25% 30% The direct overhead costs of the departments (including both variable and fixed costs) were as follows: Assessment Cats 35% 50% Total 100% 100% Determine the total cost accumulated in the Dogs and Cats departments using the step method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar, assume the Assessment department goes first)
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