4.8 Now assume that $2million of Financial Services costs are related to billing andmanagerial reporting and $1million are related to payroll and personnelmanagement activities. a. Devise and implement a cost allocation scheme that recognizes that Financial Services has two widely different functions. b. Is there any additional information that would be useful in completing Part a? c. What are the costs and benefits to St. Benedicts of creating two cost pools for Financial Services?