6 Requirements a. 1. Using the single-rate method, allocate gift-wrapping costs to different departments in these three ways. Calculate the budgeted rate based on the budgeted number of gifts to be wrapped and allocate costs based on the budgeted use (of gift-wrapping services) b. Calculate the budgeted rate based on the budgeted number of gifts to be wrapped and allocate costs based on actual usage. Calculate the budgeted rate based on the practical gift-wrapping capacity available and allocate costs based on actual usage. 2. Using the dual-rate method, compute the amount allocated to each department when (a) the fixed-cost rate is calculated using budgeted costs and the practical gift-wrapping capacity, (b) fixed costs are allocated based on budgeted usage of gift-wrapping services, and (c) variable costs are allocated using the budgeted variable-cost rate and actual usage. Comment on ou reculte in reguirements 1 and 2 Diccuse the advantages of C. 3 Yi Lind all uave vased on the budgeted number of gifts to be wrapped and allocate costs based on actual usage. c. Calculate the budgeted rate based on the practical gift-wrapping capacity available and allocate costs based on actual usage 2. Using the dual-rate method, compute the amount allocated to each department when (a) the fixed-cost rate is calculated using budgeted costs and the practical gift-wrapping capacity, (b) fixed costs are allocated based on budgeted usage of gift-wrapping services, and (c) variable costs are allocated using the budgeted variable-cost rate and actual usage. 3. Comment on your results in requirements 1 and 2 Discuss the advantages of the dual-rate method. Check Score: 0 of 1 pt 2 of 6 (1 complete) P15-27 (similar to) Beauty Department Store has a new promotional program that offers a free gift-wrapping service for its customers. Beauty's customers cost of $6,700 each month. The budgeted variable cost to gift wrap an item is $0.75. During the most recent month, the department bud gift-wrapping service cost allocation is made to the department where the item was purchased. The customer-service department reporte Click the icon to view the actual and budgeted units) Read the requirement Requirement 1. Using the single-rate method, allocate gift-wrapping costs to different departments in these three ways Start with allocating (a), then (b), and finally (c) (Round all of your answers to the nearest cent) (a) Budgeted rate per item Giftware Enter any number in the edit fields and then click Check Answer. Clear All 6 parts remaining Question Help that offers a free gift-wrapping service for its customers. Beauty's customer-service department has practical capacity to wrap 8,975 gitts at a budgeted feed gift wrap an item is $0.75 During the most recent month, the department budgeted to wrap 6,700 gifts. Although the service is free to customers, a ment where the item was purchased. The customer-service department reported the following for the most recent month ft-wrapping costs to different departments in these three ways all of your answers to the nearest cent.) Data Table artmen t offers a wrap an it where to fap 6,7 swing f . e 1 Department B. Budgeted Items Wrapped 2,480 Actual Items Wrapped 2,140 Fapping co 2 Giftware your ans 3 Women's Apparel 820 750 1.815 1,570 4 Fragrances 5 Men's Apparel 470 510 6 Domestics 1.115 1,230 7 Total 6,700 6,200 answer. Print Done 6 Requirements a. 1. Using the single-rate method, allocate gift-wrapping costs to different departments in these three ways. Calculate the budgeted rate based on the budgeted number of gifts to be wrapped and allocate costs based on the budgeted use (of gift-wrapping services) b. Calculate the budgeted rate based on the budgeted number of gifts to be wrapped and allocate costs based on actual usage. Calculate the budgeted rate based on the practical gift-wrapping capacity available and allocate costs based on actual usage. 2. Using the dual-rate method, compute the amount allocated to each department when (a) the fixed-cost rate is calculated using budgeted costs and the practical gift-wrapping capacity, (b) fixed costs are allocated based on budgeted usage of gift-wrapping services, and (c) variable costs are allocated using the budgeted variable-cost rate and actual usage. Comment on ou reculte in reguirements 1 and 2 Diccuse the advantages of C. 3 Yi Lind all uave vased on the budgeted number of gifts to be wrapped and allocate costs based on actual usage. c. Calculate the budgeted rate based on the practical gift-wrapping capacity available and allocate costs based on actual usage 2. Using the dual-rate method, compute the amount allocated to each department when (a) the fixed-cost rate is calculated using budgeted costs and the practical gift-wrapping capacity, (b) fixed costs are allocated based on budgeted usage of gift-wrapping services, and (c) variable costs are allocated using the budgeted variable-cost rate and actual usage. 3. Comment on your results in requirements 1 and 2 Discuss the advantages of the dual-rate method. Check Score: 0 of 1 pt 2 of 6 (1 complete) P15-27 (similar to) Beauty Department Store has a new promotional program that offers a free gift-wrapping service for its customers. Beauty's customers cost of $6,700 each month. The budgeted variable cost to gift wrap an item is $0.75. During the most recent month, the department bud gift-wrapping service cost allocation is made to the department where the item was purchased. The customer-service department reporte Click the icon to view the actual and budgeted units) Read the requirement Requirement 1. Using the single-rate method, allocate gift-wrapping costs to different departments in these three ways Start with allocating (a), then (b), and finally (c) (Round all of your answers to the nearest cent) (a) Budgeted rate per item Giftware Enter any number in the edit fields and then click Check Answer. Clear All 6 parts remaining Question Help that offers a free gift-wrapping service for its customers. Beauty's customer-service department has practical capacity to wrap 8,975 gitts at a budgeted feed gift wrap an item is $0.75 During the most recent month, the department budgeted to wrap 6,700 gifts. Although the service is free to customers, a ment where the item was purchased. The customer-service department reported the following for the most recent month ft-wrapping costs to different departments in these three ways all of your answers to the nearest cent.) Data Table artmen t offers a wrap an it where to fap 6,7 swing f . e 1 Department B. Budgeted Items Wrapped 2,480 Actual Items Wrapped 2,140 Fapping co 2 Giftware your ans 3 Women's Apparel 820 750 1.815 1,570 4 Fragrances 5 Men's Apparel 470 510 6 Domestics 1.115 1,230 7 Total 6,700 6,200 answer. Print Done