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Bennet Company has two support departments and two operating departments. Information on the departments is as follows: The total cost of running the Maintenance department
Bennet Company has two support departments and two operating departments. Information on the departments is as follows: The total cost of running the Maintenance department was $375,000, and the total cost of running the Accounting department was $542,000. Required: 1. Use the Direct Method to allocate the support department costs to the operating departments. 2. Use the step method to allocate the support department costs to the operating departments. Rank the support departments based on the percentage of support provided to other support - Note: Do not round any amounts for either method
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