Help Save & Exit Submit KV Accounting and Business Consultants provides a variety of consulting services to a diverse range of clients. The company has three support departments and three revenue-generating departments, whose cost details for a typical quarter are presented below. Support Departments IT Support Admin Support Facilities Support 29 Revenue-Generating Departments Assurance Tax Advisory Business Advisory $ 269,500 696,000 192,950 826,100 $93,000 760,000 $3,337,550 4 The existing cost aflocation system is designed as follows: (1) the support department costs are allocated to the three revenue- generating departments, and (2) the revenue-generating department costs are allocated to individual clients. The support department costs are allocated to the revenue-generating departments as follows (1) IT Support costs are allocated to Assurance. Tax Advisory, and Business Advisory using a 30:30:40 ratio, (2) Admin Support costs are allocated using a 40:30:30 ratio, and (3) Faceties Support costs are allocated using a 40:40:20 ratio. The costs accumulated in the three revenue-generating departments are allocated to individual clients based on the professional time consumed in the respective department. The Assurance. Tax Advisory, and Business Advisory departments recorded 9,100, 7600, and 6,100 hours, respectively, for the quarter. Required: 1. Compute the predetermined cost allocation rates for the three revenue-generating departments. (Round your answers to 2 decimal places.) Predetermined Cost Allocation Rate Assurance Tax Advisory Business Advisory