Perfection Body Inc. has a new promotional program that offers a free gift-wrapping service for its customers. Perfection's customer-service division has practical capacity to wrap 8,125 gifts at a budgeted fixed cost of ,825 each month. The budgeted variable cost to gift wrap an item is $0.70. Although the service is free to customers, a gift-wrapping service cost allocation is made to the division where the item was purchased. The customer-service division reported the following for the most recent month: B (Click the icon to view the actual, budgeted, and practical capacity units.) Required 1. Using the single-rate method, allocate gift-wrapping costs to different divisions in these three ways. Data Table 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. Actual Number Budgeted Number Practical Capacity of Gifts of Gifts to Be Available for Gift- Division Wrapped Wrapped Wrapping Women's face wash 2,140 2,450 2,625 Requirement 1. Using the single-rate method, allocate gift-wrapping costs to different divisions in these three ways. Men's face wash 770 840 915 Start with allocating (a), then (b), and finally (C). (Round all of your answers to the nearest cent.) Fragrances 1,590 1,810 1,990 (a) (b) (c) Body wash 535 450 670 Budgeted rate per item: Hair products 1,415 1,275 1,925 Women's face wash 6,825 8,125 Total Men's face wash 6,450 Fragrances Body wash Hair products Print Done Total