offers a free gift-wrapping service for its customers. Beauty's customer-service department has prac wrap an item is $0.70. During the most recent month, the department budgeted to wrap 6,975 gifts. A nt where the item was purchased. The customer-service department reported the following for the most i Data Table Budgeted Department Items Wrapped Actual Items Wrapped 2,180 2,470 825 770 Giftware Women's Apparel Fragrances Men's Apparel Domestics 1,585 1,795 455 1,430 525 1,190 Total 6,975 6,250 Print Done ute the al oping ser sts and the practical J. (Round all of your ** ixed Total ontinue to the next question, 1000008 NNNNNN Beauty Department Store has a new promotional program that offers a free gift-wrapping service for its customers. Beauty's customer service department has practical capacity to wrap 7.750 gifts at a budgeted feed cost of $6,975 each month. The budgeted variable cost to gift wrap anem is $0.70. During the most recent month, the department budgeted to wrap 6,975 gits. Although the service is free to customers, a gift-wrapping service cost allocation is made to the department where the item was purchased. The customer service department reported the following for the most recent month Click the icon to view the actual and budgeted units) Read the requirements Requirement 1. Using the single-rate method, allocate gift-wrapping costs to different departments in these three ways Start with allocating (a), then (b), and finally (c)(Round all of your answers to the nearest cent) (b) (c) Budgeted rate per item: HE Giftware Women's Apparel Fragrances Men's Apparel Domestics Total Requirement 2. Using the durate method, compute the amount wiocated to each department when the feed-cost rates Calcuwied using budgeted costs and the practical wrapping capacity feed costs are located based on budged usage of tapping services, and c) variable costs are located using the budgeted variable cost rate and actual usage. Round of your newers to the nearest cent) Variable Fixed Tetal Errer any number in the edin fields and then continue to the next question @WERINUNOP W os lock U M LIVIU LLO ON IS 16 the department where the item was purchased. The customer service department reported the following for the most recent month (Click the icon to view the actual and budgeted units.) Read the requirements Requirement 2. Using the dual-rate method, compute the amount allocated to each department when (a) the forced-cost rate is calculated using budgeted costs and the practical gift wrapping capacity (D) fred costs are allocated based on budgeted usage of gt-wrapping services, and (c) variable costs are allocated using the budgeted variable-cost rate and actual usage Round all of your answers to the nearest cant) Variable Fixed Total Rate per hem Giftware Women's Apparel Fragrances Men's Apparel Domestics Total Requirement 3. Comment on your results in requirements 1 and 2 Discuss the advantages of the dual-rate method ncurrence of those costs based on the of each The dual-tate method allocated foxed costs and variable costs Fed costs are located proportionately to the departments causing department. The costs allocated to a department attected by the usage of other departments Enter any number in the ed fields and then continue to the next question, * BEBAB os lock ASDOOMOKY N M a new 1 Requirements 6,975 -servid actual single-rate en (b), and 1. Using the single-rate method, allocate gift-wrapping costs to different departments in these three ways. a. Calculate the budgeted rate based on the budgeted number of gifts to be wrapped and allocate costs based on the budgeted use (of gift- wrapping services). b. Calculate the budgeted rate based on the budgeted number of gifts to be wrapped and allocate costs based on actual usage. c. Calculate the budgeted rate based on the practical gift-wrapping capacity available and allocate costs based on actual usage. 2. Using the dual-rate method, compute the amount allocated to each department when (a) the fixed-cost rate is calculated using budgeted costs and the practical gift-wrapping capacity. (b) fixed costs are allocated based on budgeted usage of gift-wrapping services, and (c) variable costs are allocated using the budgeted variable-cost rate and actual usage. 3. Comment on your results in requirements 1 and 2. Discuss the advantages of the dual-rate method. Print Done the edit fields 903 g offers a free gift-wrapping service for its customers. Beauty's customer-service department has prac wrap an item is $0.70. During the most recent month, the department budgeted to wrap 6,975 gifts. A nt where the item was purchased. The customer-service department reported the following for the most i Data Table Budgeted Department Items Wrapped Actual Items Wrapped 2,180 2,470 825 770 Giftware Women's Apparel Fragrances Men's Apparel Domestics 1,585 1,795 455 1,430 525 1,190 Total 6,975 6,250 Print Done ute the al oping ser sts and the practical J. (Round all of your ** ixed Total ontinue to the next question, 1000008 NNNNNN Beauty Department Store has a new promotional program that offers a free gift-wrapping service for its customers. Beauty's customer service department has practical capacity to wrap 7.750 gifts at a budgeted feed cost of $6,975 each month. The budgeted variable cost to gift wrap anem is $0.70. During the most recent month, the department budgeted to wrap 6,975 gits. Although the service is free to customers, a gift-wrapping service cost allocation is made to the department where the item was purchased. The customer service department reported the following for the most recent month Click the icon to view the actual and budgeted units) Read the requirements Requirement 1. Using the single-rate method, allocate gift-wrapping costs to different departments in these three ways Start with allocating (a), then (b), and finally (c)(Round all of your answers to the nearest cent) (b) (c) Budgeted rate per item: HE Giftware Women's Apparel Fragrances Men's Apparel Domestics Total Requirement 2. Using the durate method, compute the amount wiocated to each department when the feed-cost rates Calcuwied using budgeted costs and the practical wrapping capacity feed costs are located based on budged usage of tapping services, and c) variable costs are located using the budgeted variable cost rate and actual usage. Round of your newers to the nearest cent) Variable Fixed Tetal Errer any number in the edin fields and then continue to the next question @WERINUNOP W os lock U M LIVIU LLO ON IS 16 the department where the item was purchased. The customer service department reported the following for the most recent month (Click the icon to view the actual and budgeted units.) Read the requirements Requirement 2. Using the dual-rate method, compute the amount allocated to each department when (a) the forced-cost rate is calculated using budgeted costs and the practical gift wrapping capacity (D) fred costs are allocated based on budgeted usage of gt-wrapping services, and (c) variable costs are allocated using the budgeted variable-cost rate and actual usage Round all of your answers to the nearest cant) Variable Fixed Total Rate per hem Giftware Women's Apparel Fragrances Men's Apparel Domestics Total Requirement 3. Comment on your results in requirements 1 and 2 Discuss the advantages of the dual-rate method ncurrence of those costs based on the of each The dual-tate method allocated foxed costs and variable costs Fed costs are located proportionately to the departments causing department. The costs allocated to a department attected by the usage of other departments Enter any number in the ed fields and then continue to the next question, * BEBAB os lock ASDOOMOKY N M a new 1 Requirements 6,975 -servid actual single-rate en (b), and 1. Using the single-rate method, allocate gift-wrapping costs to different departments in these three ways. a. Calculate the budgeted rate based on the budgeted number of gifts to be wrapped and allocate costs based on the budgeted use (of gift- wrapping services). b. Calculate the budgeted rate based on the budgeted number of gifts to be wrapped and allocate costs based on actual usage. c. Calculate the budgeted rate based on the practical gift-wrapping capacity available and allocate costs based on actual usage. 2. Using the dual-rate method, compute the amount allocated to each department when (a) the fixed-cost rate is calculated using budgeted costs and the practical gift-wrapping capacity. (b) fixed costs are allocated based on budgeted usage of gift-wrapping services, and (c) variable costs are allocated using the budgeted variable-cost rate and actual usage. 3. Comment on your results in requirements 1 and 2. Discuss the advantages of the dual-rate method. Print Done the edit fields 903 g