Concord Partners provides management consulting services to govemment and corporate clients. Concord has two support departments-administrative services (AS) and information-systems (IS)-and two operating departments-government consulting (GOVT) and corporate consulting (CORP). For the first quarter of 2017, Concord's cost records indicate the following: [2: (Click the icon to view the cost records.) Requirement 1a. Allocate the two support departments' costs to the two operating departments using the direct method. (Do not round intermediary calculations and round your final answers to the nearest whole dollar. Use parentheses or a minus sign when decreasing departments by allocating costs. Enter a "0" for any zero balances.) Requirement 1b. Allocate the two support departments' costs to the two operating departments using the step-down method (Allocate AS first). (Do not round intermediary calculations and round your final answers to the nearest whole doilar. Use parentheses or a minus sign when decreasing denartmante hy allineatinn crete Fnter a "o" for any tarn halancea i Concord Partners provides management consulting services to government and corporate clients. Concord has two support departments - administrative services (AS) and information systems (IS) - and two operating departments-government consulting (GOVT) and corporate consulting (CORP). For the first quarter of 2017, Concord's cost records indicate the following: (Click the icon to view the cost records.) Read the requirements. Requirement 1b. Allocate the two support departments' costs to the two operating departments using the step-down method (Allocate AS first). (Do not round intermediary calculations and round your final answers to the nearest whole dollar. Use parentheses or a minus sign when decreasing departments by allocating costs. Enter a "0\% for any zero balances.) reouirement 1c. Allocate the two suoport debartments' cosis to the two oceratina dedartments usina the steo-down method (Allocate IS first). (Do Requirement 1c. Allocate the two support departments' costs to the two operating departments using the step-down method (Allocate IS first). not round intermediary calculations and round your final answers to the nearest whole dollar. Use parentheses or a minus sign when decreasing departments by allocating costs. Enter a "0" for any zero balances.) requirement 2. Compare and explain differences in the support-department costs allocated to each operating department. Concord Partners provides management consulting services to government and corporate clients. Concord has two support departments - administrative services (AS) and information systems (IS) - and two operating departments-government consulting (GO) corporate consulting (CORP). For the first quarter of 2017, Concord's cost records indicate the following: (Click the icon to view the cost records.) Read the requirements. Requirement 2. Compare and explain differences in the support-department costs allocated to each operating department. Begin by entering the total support-department costs allocated to each operating department under each of the methods below. Data table 1. Allocate the two support departments' costs to the two operating departments using the following methods: a. Direct method b. Step-down method (Allocate AS first) c. Step-down method (Allocate IS first) 2. Compare and explain differences in the support-department costs allocated to each operating department. 3. What approaches might be used to decide the sequence in which to allocate support departments when using the step-down method
