1.(11 points) Consider a firm with two support departments, Payroll and Buildings & Ground, and two operating departments, Forming and Finishing. The annual budget for the support departments and the use of the support departments' services are given below along with the operating departments' budgeted (direct) overhead costs: Department number of employees square feet occupied Overhead Budget Payroll 20 2,000 $ 70,000 Buildings & Ground 120 2,000 $ 50,000 Forming 40 8,000 $110,000 Finishing 120 8,000 $90,000 Total 300 20,000 $320,000 Suppose the Forming Department plans on using 100,000 machine hours and the Finishing Department plans on using 60,000 machine hours in the coming year. Also, suppose the firm wishes to calculate a predetermined overhead rate for the forming department and the finishing department based on budgeted machine hours. Calculate the overhead rate to be used for the Finishing Department, if the firm allocates service department costs using direct method. 2. (11 points) In 2019, Emma Liu was a graduating senior in Seattle. She was invited to a job interview with an employer in Albany and a job interview with an employer in Chicago. The round-trip Seattle-Albany airfare costs $1,200, the round-trip Seattle-Chicago airfare costs $800, and the airfare for a Seattle-Albany-Chicago- Seattle ticket costs $1,400. Therefore, Emma arranged her interviews so that she could purchase the $1,300 ticket, thereby saving a total $600 for the potential employers. If Emma allocated the airfare using the stand- alone cost allocation method, how much of the airfare would she have allocated to the Albany employer