eBook Jasmine Company manufactures both pesticide and liquid fertilizer, with each product manufactured in separate departments. Three support departments support the production departments: Power, General Factory, and Purchaing. Budgeted data on the five departments are as follows: Producing Departments General Liquid Power Factory Purchasing Pesticide Fertilizer $80,000 $316,000 $169,000 $78,500 $107,700 4,800 8,000 60 Square feet Machine hours Purchase orders The company does not break overhead into fixed and variable components. The bases for allocation are power-machine hours; general fa 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 1,500 1,500 4,200 24,000 120 1,403 1,345 20 40 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 dollar. If an amount is zero, enter "0o 10-32 PM 1. Allocate the o Liquid Fertilizer Liquid Fe Direct costs Total Square feet Machine hours Purchase orders Cost allocation: General Factory Purchasing Pesticide Liquid Fertilizer Direct costs Factory Purchasing Power Total 2. Using machine hours, compute departmental l overhead rates. (Round the overhead rates to the nearest cent.) Overhead Rates Pesticide per machine hour Liquid Fertilizer per machine hour 1033 PM 5/2019