Choco Mix Inc. is a producer of premium chocolate based in Palo Allo. Click the icon to view aditional information.) For 2017, the trucking feet had a practical capacity of 75 round-trips between the Palo Alto plant and the two suppliere. It recorded the following information: (Click the icon to view the budget and actual data. Read the requirements Requirement 1. Using the single-rate method, allocate costs to the dark chocolate division and the milk chocolate division in these three ways. a. Calculate the budgeted rate per round-Irig and allocale costs based on round-trips budgeled for each division. Data table This translates to indirect costs allocated to the dark chocolate civision for The budgeted rate per round-trip is and mik chocolate division for Budgeted Actual $ 176,250 $ 140,000 X Costs of truck fleet Number of round-trips for dark chocolate division (Palo Alto plant - Wisconsin) Number of round-trips for milk chocolate division (Palo Alto plant - Louisiana) 40 40 More info 35 30 The company has a separate division for each of its two products: dark chocolate and milk chocolate ChocoMix purchases ingredients from Wisconsin for its dark chocolate division and from Louisiana for its milk chocolate division. Both locations are the sare dislanice (ruin Chacu Mix's Palo Allo plant. Chacu Mix Inc. operales a fleet of trucks as a cost center that charges the divisions for variable costs (drivers and ful) and fixed costs (vchide defireciation, insurance, and registration focs) of operating the fleet. Esch division is evaluated on the basis of its operating income. Requirements Done Print Dane 1. Using the single-rate method, alocat costs to the dark chocolate division and the mil chocolate division in these three ways. a. Calculate the budgeted rate per round-trip and allocate costs based on round-tripe budgeted for each diviskin. b. Calculate the budgeledrale per round-trip and a locale costs based on actual mound-trips used by cach division. C. Calculate the aclual rale per round-trip and allocale costs based on aclual round-trips used by each division. 2. Describe the advantages and disadvantages of using each of the three methods in requirement 1. Would you encourage ChocoMix Inc. to use one of these methods? Explain and indicate any assumptions you made