Book Sequential Method Print m Jasmine Company manufactures both pesticide and liquid fertilizer, with each product manufactured in separate departments. Three support departments support production departments: Power, General Factory, and Purchasing. Budgeted data on the five departments are as follows: Support Departments Producing Departments Power Overhead $80,000 General Factory $314,000 Liquid Purchasing Pesticide Fertilizer Square feet 1,500 1,500 $165,000 $78,500 $107,700 4,200 4,000 1,403 1,345 24,000 8,000 20 40 120 60 Machine hours Purchase orders The company does not break overhead into fixed and variable components. The bases for allocation are power-machine hours; general factory-square feet; and purchasing-purchase orders The company has decided to use the sequential method of allocation instead of the direct method. The support departments are ranked in order of highest cost to lowest cost Required: 1. Allocate the overhead costs to the producing departments using the sequential method. Carry out allocation ratios to four decimal places. Use these numbers for subsequent calculations. Round allocated costs to the nearest dar. If an amount is zers, enter " Allocation ratios Square feet Power 0.1250 General Factory Purchasing 0.1250 Pesticide 0.3500 Liquid Fertilizer 0.4000 Check My Work 2 moe Check My W All work seved 400 4 5 55 P MacBook Plo 3 6 & 27 2 E R T Y F G H 0 Previous Next>> Save and Ext Submit Assignment for Grading 99 - 00- L 8 9 O 1 0 P K V C V B N M 4 H V 4 C