Harbortown Multispecialty Clinic has two revenue-generating patient services departments - Medicine and Surgery. These departments are supported by three overhead departments - Housekeeping, Financial Services, and General Administration. The following information on Clinic expenses was compiled: Department Direct Costs Square Feet # of Employees Housekeeping General Admin. Fin. Services Medicine Surgery $200,000 3,000 $400,000 5,000 $300,000 2,000 $1,000,000 53,000 $1,500,000 40,000 250 500 100 2,600 2,300 Harbortown has determined that the cost driver for housekeeping is square feet and that the cost driver for Administration and Financial Services is the number of employees. Using the direct method of cost allocation, what is the approximate allocation rate for housekeeping costs (round to the nearest cent)? $1.94 per square foot $2.15 per square foot $2.28 per square foot $2.21 per square foot

Harbortown Multispecialty Clinic has two revenue-generating patient services departments - Medicine and Surgery. These departments are supported by three overhead departments - Housekeeping, Financial Services, and General Administration. The following information on Clinic expenses was compiled: Harbortown has determined that the cost driver for housekeeping is square feet and that the cost driver for Administration and Financial Services is the number of employees. Using the direct method of cost allocation, what is the approximate allocation rate for housekeeping costs (round to the nearest cent)? \$1.94 per square foot $2.15 per square foot $2.28 per square foot $2.21 per square foot Harbortown Multispecialty Clinic has two revenue-generating patient services departments - Medicine and Surgery. These departments are supported by three overhead departments - Housekeeping, Financial Services, and General Administration. The following information on Clinic expenses was compiled: Harbortown has determined that the cost driver for housekeeping is square feet and that the cost driver for Administration and Financial Services is the number of employees. Using the direct method of cost allocation, what is the approximate allocation rate for housekeeping costs (round to the nearest cent)? $1.94 per square foot $2.15 per square foot $2.28 per square foot $2.21 per square foot