KV Accounting and Business Consultants provides a variety of consulting services to a diverse range of clients. The company has three support departments and revenue generating departments, whose cost details for a typical quarter are presented below Support Det IT Support $ 284500 Admin Support 716,000 Facilities Support 202.450 Revenue- Geting Departments Aurance 357.100 Tax Advisory 623,000 Business Advisory 791.000 334.000 The existing cost allocation 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 alocated 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 located using a 40-3030 patio, and (3) Facilities 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 10,100.8.000 and 7.100 hours, respectively for the quarter Required: 1. Compute the predetermined cost location rates for the three revenue-generating departments (Round your answers to 2 decimal places) Predetermined Cost Allocation Rate Assurance Tax Advisory Business Advisory 2. Using the rates computed in Requirement (1) above, assign the costs to clients X and Y Client X required 450, 500 and 710 hours of professional time, respectively, in the Assurance Tax Advisory and Business Advisory departments whereas client required 710, 360 and 310 hours of professional time. (Do not round intermediate calculations Round your answers to the nearest whole dollar) CentX Chen Y Assurance Service Tax Advisory Service Business Advisory Service