Lewis and Stark is a public accounting firm that offers two primary services, auditing and tax-return preparation. A controversy has developed between the partners of the two service lines as to who is contributing the greater amount to the bottom line. The area of contention is the assignment of overhead. The tax partners argue for assigning overhead on the basis of 40% of direct labor dollars. while the audit partners argue for implementing activity-based costing. The partners agrec to use next year's budgeted dat a for purposes of analysis and comparison. The following overhead data are collected to develop the comparison. (a) Using traditional product costing as proposed by the tax partners, compute the total overhead cost assigned to both services (audit and taye of Lewis and Stark. Uhing acthily-based cesting prepare a schedule showing the coegetations of the activity based overthead rates loercost driver? (Round evertiead nutes to 2 decinal phack ex, 12.25) (b2) Prepace aschedule assigning each activitys overbcad cost poof to each service baicd on the uve of the cost drwersi i Paurd everhead ruter to 2 decimal places eg 1225 and cost dssigned to 0 decind places, ez 2.500. Uaine actistribued costine nepare a schedule showine the crembutations of the activity-based overthe ad rates foer cost driver? Rosed everusad rotes fe 2 decinal ploces es. 12.25. Artempts: 1 of 5 used (b2) Prepare a schedule assigring each activity's owerhead cont pool ta exch service bined on the use of the cost drivers ivind everhead rutes to 2 decimiel plocrs es. 12.25 and coct aspigned to 0 decimal ploces es 2.500J