Ancaster Corporation has one support department, Engineering Services, and two production departments, Machining and Assembly. The following data relate to the 2020 budget for the Engineering Services Department: (Click the icon to view the budget data for 2020.) Read the requirements. Requirement 1. Using the single-rate method, calculate the cost to be allocated to the Machining and Assembly Departments if the allocation rate is based on budgeted costs and budgeted quantity of Engineering Services and allocated base on actual Engineering Services hours used in each department. Begin by determining the rate per hour used to allocate engineering services department costs to the machining and assembly departments. Budgeted total rate per hour is Now, we can allocate the engineering-services costs to the machining and assembly departments, under the single-rate method. Machining department: Assembly department: Requirement 2. Using the dual-rate method, calculate the cost to be allocated to the Machining and Assembly Departments if (a) variable costs are allocated based on the budgeted variable cost per hour for actual hours used in each department and (b) fixed costs are allocated based on budgeted fixed costs per hour and the budgeted number of hours for each department. Before completing the allocation, calculate the budgeted fixed cost rate per hour. Budgeted fixed cost rate per hour is Now we can complete the allocation. Begin with the Machining Department. Fixed costs Variable costs Total costsNow, allocate the costs to the Assembly Department. Fixed costs Variable costs Total costs Requirement 3. Using the single-rate method, calculate the cost to be allocated to the Machining and Assembly Departments if the allocation rate is based on budgeted costs and practical capacity of the Engineering Services Department an allocated based on actual Engineering Services hours used in each department. Begin by determining the budgeted total-cost rate per hour. (Round your answer to the nearest cent.) Budgeted total-cost rate per hour is Now, we can allocate the engineering-services costs to the machining and assembly departments, under the single-rate method, based on actual hours used in each department. Machining department: Assembly department: Requirement 4. Using the dual-rate method, calculate the cost to be allocated to the Machining and Assembly Departments if (a) variable costs are allocated based on the budgeted variable cost per hour for actual hours used in each department and (b) the fixed-cost allocation rate is based on budgeted costs and practical capacity of Engineering Services Department and fixed costs are allocated based on budgeted Engineering Service hours in each department. Begin with the Machining Department. Fixed costs Variable costs Total costs- X Data table Practical capacity 30,000 hours Fixed costs of the Engineering Services Department in the 15,500 labor-hour to 30,000 labor-hour relevant range $330,000 Budgeted usage (quantity) of engineering services labor-hours required to support the productions departments: Machining department 6,500 hours Assembly department 10,000 hours 16,500 hours Total Budgeted variable cost per engineering services labor-hour in $35 per hour the 15,500 labor-hour to 30,000 labor-hour relevant range used Actual usage (quantity) of Engineering Services labor-hours required to support the production departments: Machining department 6,000 hours Assembly department 9,500 hours Total 15,500 hours Print Done