Please help with the attached questions- thank you for the help

Chapter 12 1. Pascal Airlines is a small airline that occasionally carries overload shipments for the overnight delivery company Never-Fail, Inc. Never-Fail is a multimillion-dollar company started by Wes Never immediately after he failed to finish his first accounting course. The company's motto is \"We Never-Fail to Deliver Your Package on Time.\" When Never-Fail has more freight than it can deliver, it pays Pascal to carry the excess. Pascal contracts with independent pilots to fly its planes on a per-trip basis. Pascal recently purchased an airplane that cost the company $4,392,000. The plane has an estimated useful life of 24,400,000 miles and a zero salvage value. During the first week in January, Pascal flew two trips. The first was a round-trip flight from Chicago to San Francisco, for which Pascal paid $360 for the pilot and $310 for fuel. The second flight was a round-trip from Chicago to New York. For this trip, it paid $310 for the pilot and $155 for fuel. The round-trip between Chicago and San Francisco is approximately 4,100 miles and the round-trip between Chicago and New York is 1,100 miles. a. Select if the costs mentioned below are direct or indirect b. Determine the total cost of each trip 2. Neal Manufacturing Company makes tents that it sells directly to camping enthusiasts through a mail-order marketing program. The company pays a quality control expert $73,700 per year to inspect completed tents before they are shipped to customers. Assume that the company completed 1,560 tents in January and 1,140 tents in February. For the entire year, the company expects to produce 11,000 tents. If the cost objective is to determine the cost per tent, is the expert's salary a direct or an indirect cost? How much of the expert's salary should be allocated to tents produced in January and February? 3. Maureen Corporation estimated its overhead costs would be $22,000 per month except for January when it pays the $188,160 annual insurance premium on the manufacturing facility. Accordingly, the January overhead costs were expected to be $210,160 ($188,160 + $22,000). The company expected to use 7,200 direct labor hours per month except during July, August, and September when the company expected 9,800 hours of direct labor each month to build inventories for high demand that normally occurs during the Christmas season. The company's actual direct labor hours were the same as the estimated hours. The company made 3,600 units of product in each month except July, August, and September, in which it produced 4,900 units each month. Direct labor costs were $24.80 per unit, and direct materials costs were $10.30 per unit. a. Calculate a predetermined overhead rate based on direct labor hours. Predetermined overhead rate _____ per labor hour b. Determine the total allocated overhead cost for January, March, and August c. Determine the cost per unit of product for January, March, and August. d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20.20 per unit. 4. Janet Garcia is considering expanding her business. She plans to hire a salesperson to cover trade shows. Because of compensation, travel expenses, and booth rental, fixed costs for a trade show are expected to be $9,200. The booth will be open 23 hours during the trade show. Ms. Garcia also plans to add a new product line, ProOffice, which will cost $186 per package. She will continue to sell the existing product, EZRecords, which costs $90 per package. Ms. Garcia believes that the salesperson will spend approximately 13 hours selling EZRecords and 10 hours marketing ProOffice. a. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 80 units of EZRecords and 44 units of ProOffice. (round cost per unit answers to 2 decimal places). b. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 193 units of EZRecords and 106 units of ProOffice. (round cost per unit answers to 2 decimal places). c. 5. Jocey Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company's manufacturing facility incurs two significant overhead costs: employee fringe benefits and utility costs. The annual costs of fringe benefits are $316,000 and utility costs are $244,000. The typical consumption patterns for the two departments are as follows. The supervisor of each department receives a bonus based on how well the department controls costs. The company's current policy requires using a single allocation base (machine hours or labor hours) to allocate the total overhead cost of $560,000. a. Assume that you are the supervisor of Department I. Choose the allocation base that would minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to both departments using the base that you selected. (Do not round intermediate calculations.) b. Assume that you are the supervisor of Department II. Choose the allocation base that would minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to both departments using the base that you selected. (Do not round intermediate calculations.) c. Assume that you are the plant manager and have the authority to change the company's overhead allocation policy. Formulate an overhead allocation policy that would be fair to the supervisors of both Department I and Department II. Compute the overhead allocations for each department using your policy. (Do not round intermediate calculations.) Pilot Fuel Depreciation Direct Cost Direct Cost Indirect Cost Determine Total Cost Total Cost Chicago to San Fransico Chicago to New York 1408.00 863.00 Workings Determine Total Cost Chicago to San Fransico Pilot Fuel Depreciation Total Cost Chicago to New York 360 310 310 355 3538300 949300 3538970 949965 If the cost objective is to determine the cost per tent, is the expert's salary a direct or an indirect cost? indirect cost How much of the expert's salary should be allocated to tents produced in January and February? Allocation Rate Month January February 6.70 Amount Allocated 10452 7638 Calculate a predetermined overhead rate based on direct labor hours Total expected overhead costs Total expected labor hours Predetermined overhead rate 452160 94200 4.80 . Determine the total allocated overhead cost for January, March, and August Total Overhead Cost Allocated January March August 34560 34560 47040 c. Determine the cost per unit of product for January, March, and August. January March August Direct Material 10.3 10.3 10.3 Direct labor costs 24.8 24.8 24.8 Overhead Cost Per unit 2.4 2.4 2.40 Cost Per unit 37.50 37.50 37.50 d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20.20 per unit Cost Per unit Profit Price January March August 37.5 37.5 37.5 20.2 20.2 20.2 57.70 57.70 57.70 gross margin of $20.20 per unit https://www.coursehero.com/file/p5a9s1d/Allocation-rates-using-separate-bases-are-shown-below-Cost-Base-Computation/ salesperson is able to sell 80 units of EZRecords and 44 units of ProOffice. (round cost per unit answers to 2 decimal places). 400 EZRecords ProOffice Total cost of software 7200 8184 Allocated fixed cost 5200 4000 Total cost of sales 12,400.00 12,184.00 Cost Per Unit 155.00 276.91 b. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 193 units Total cost of software Allocated fixed cost Total cost of sales Cost Per Unit EZRecords ProOffice 17370 19716 5200 4000 22,570.00 23,716.00 116.94 127.51 -below-Cost-Base-Computation/ lesperson is able to sell 193 units of EZRecords and 106 units of ProOffice. (round cost per unit answers to 2 decimal places). decimal places). a. Assume that you are the supervisor of Department I. Choose the allocation base that would minimize your department's Overhead Cost Overhead Cost Per Machine Hr Overhead Cost PerLabor Hr 560000 28 35 Allocate based on Labor Hour as Labor Hr in Dep 1 is Less Department Allocated Cost I 231,000.00 II 329,000.00 Total 560,000.00 Assume that you are the supervisor of Department II. Choose the allocation base that would minimize your department' Allocate based on Machine Hour as machine Hr in Dep ii is Less Department I II Total Allocated Cost 403,200.00 156,800.00 560,000.00 c. Assume that you are the plant manager and have the authority to change the company's overhead allocation policy. Fo I II fringe benefits 130,350.00 185,650.00 Utility 175,680.00 68,320.00 Total 306,030.00 253,970.00 ould minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to both d ould minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to bot ny's overhead allocation policy. Formulate an overhead allocation policy that would be fair to the supervisors of both Department I a ould be allocated to both departments using the base that you selected. (Do not round intermediate calculations would be allocated to both departments using the base that you selected s of both Department I and Department II. Compute the overhead allocations for each department using your policy Pilot Fuel Depreciation Direct Cost Direct Cost Indirect Cost Determine Total Cost Total Cost Chicago to San Fransico Chicago to New York 1408.00 863.00 Workings Determine Total Cost Chicago to San Fransico Pilot Fuel Depreciation Total Cost Chicago to New York 360 310 310 355 1640 949300 2310 949965 If the cost objective is to determine the cost per tent, is the expert's salary a direct or an indirect cost? indirect cost How much of the expert's salary should be allocated to tents produced in January and February? Allocation Rate Month January February 6.70 Amount Allocated 10452 7638 Calculate a predetermined overhead rate based on direct labor hours Total expected overhead costs Total expected labor hours Predetermined overhead rate 452160 94200 4.80 . Determine the total allocated overhead cost for January, March, and August Total Overhead Cost Allocated January March August 34560 34560 47040 c. Determine the cost per unit of product for January, March, and August. January March August Direct Material 10.3 10.3 10.3 Direct labor costs 24.8 24.8 24.8 Overhead Cost Per unit 9.6 9.6 6.53 Cost Per unit 44.70 44.70 41.63 d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20.20 per unit Cost Per unit Profit Price January March August 44.7 44.7 41.63 20.2 20.2 20.2 64.90 64.90 61.83 gross margin of $20.20 per unit https://www.coursehero.com/file/p5a9s1d/Allocation-rates-using-separate-bases-are-shown-below-Cost-Base-Computation/ salesperson is able to sell 80 units of EZRecords and 44 units of ProOffice. (round cost per unit answers to 2 decimal places). 400 EZRecords ProOffice Total cost of software 7200 8184 Allocated fixed cost 5200 4000 Total cost of sales 12,400.00 12,184.00 Cost Per Unit 155.00 276.91 b. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 193 units Total cost of software Allocated fixed cost Total cost of sales Cost Per Unit EZRecords ProOffice 17370 19716 5200 4000 22,570.00 23,716.00 116.94 223.74 -below-Cost-Base-Computation/ lesperson is able to sell 193 units of EZRecords and 106 units of ProOffice. (round cost per unit answers to 2 decimal places). decimal places). a. Assume that you are the supervisor of Department I. Choose the allocation base that would minimize your department's Overhead Cost Overhead Cost Per Machine Hr Overhead Cost PerLabor Hr 560000 28 35 Allocate based on Labor Hour as Labor Hr in Dep 1 is Less Department Allocated Cost I 231,000.00 II 329,000.00 Total 560,000.00 Assume that you are the supervisor of Department II. Choose the allocation base that would minimize your department' Allocate based on Machine Hour as machine Hr in Dep ii is Less Department I II Total Allocated Cost 403,200.00 156,800.00 560,000.00 c. Assume that you are the plant manager and have the authority to change the company's overhead allocation policy. Fo I II fringe benefits 130,350.00 185,650.00 Utility 175,680.00 68,320.00 Total 306,030.00 253,970.00 ould minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to both d ould minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to bot ny's overhead allocation policy. Formulate an overhead allocation policy that would be fair to the supervisors of both Department I a ould be allocated to both departments using the base that you selected. (Do not round intermediate calculations would be allocated to both departments using the base that you selected s of both Department I and Department II. Compute the overhead allocations for each department using your policy Pilot Fuel Depreciation Direct Cost Direct Cost Indirect Cost Determine Total Cost Total Cost Chicago to San Fransico Chicago to New York 1408.00 663.00 Workings Depreciation Rate 0.18 Determine Total Cost Chicago to San Fransico Pilot Fuel Depreciation Total Cost Chicago to New York 360 310 310 155 738 198 1408 663 If the cost objective is to determine the cost per tent, is the expert's salary a direct or an indirect cost? indirect cost How much of the expert's salary should be allocated to tents produced in January and February? Allocation Rate Month January February 6.70 Amount Allocated 10452 7638 Calculate a predetermined overhead rate based on direct labor hours Total expected overhead costs Total expected labor hours Predetermined overhead rate 452160 94200 4.80 . Determine the total allocated overhead cost for January, March, and August Total Overhead Cost Allocated January March August 34560 34560 47040 c. Determine the cost per unit of product for January, March, and August. January March August Direct Material 10.3 10.3 10.3 Direct labor costs 24.8 24.8 24.8 Overhead Cost Per unit 9.6 9.6 9.60 Cost Per unit 44.70 44.70 44.70 d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20.20 per unit Cost Per unit Profit Price January March August 44.7 44.7 44.70 20.2 20.2 20.2 64.90 64.90 64.90 gross margin of $20.20 per unit https://www.coursehero.com/file/p5a9s1d/Allocation-rates-using-separate-bases-are-shown-below-Cost-Base-Computation/ salesperson is able to sell 80 units of EZRecords and 44 units of ProOffice. (round cost per unit answers to 2 decimal places). 400 EZRecords ProOffice Total cost of software 7200 8184 Allocated fixed cost 5200 4000 Total cost of sales 12,400.00 12,184.00 Cost Per Unit 155.00 276.91 b. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 193 units Total cost of software Allocated fixed cost Total cost of sales Cost Per Unit EZRecords ProOffice 17370 19716 5200 4000 22,570.00 23,716.00 116.94 223.74 -below-Cost-Base-Computation/ lesperson is able to sell 193 units of EZRecords and 106 units of ProOffice. (round cost per unit answers to 2 decimal places). decimal places). a. Assume that you are the supervisor of Department I. Choose the allocation base that would minimize your department's Overhead Cost Overhead Cost Per Machine Hr Overhead Cost PerLabor Hr 560000 28 35 Allocate based on Labor Hour as Labor Hr in Dep 1 is Less Department Allocated Cost I 231,000.00 II 329,000.00 Total 560,000.00 Assume that you are the supervisor of Department II. Choose the allocation base that would minimize your department' Allocate based on Machine Hour as machine Hr in Dep ii is Less Department I II Total Allocated Cost 403,200.00 156,800.00 560,000.00 c. Assume that you are the plant manager and have the authority to change the company's overhead allocation policy. Fo I II fringe benefits 130,350.00 185,650.00 Utility 175,680.00 68,320.00 Total 306,030.00 253,970.00 ould minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to both d ould minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to bot ny's overhead allocation policy. Formulate an overhead allocation policy that would be fair to the supervisors of both Department I a ould be allocated to both departments using the base that you selected. (Do not round intermediate calculations would be allocated to both departments using the base that you selected s of both Department I and Department II. Compute the overhead allocations for each department using your policy Pilot Fuel Depreciation Direct Cost Direct Cost Indirect Cost Determine Total Cost Total Cost Chicago to San Fransico Chicago to New York 1408.00 863.00 Workings Determine Total Cost Chicago to San Fransico Pilot Fuel Depreciation Total Cost Chicago to New York 360 310 310 355 3538300 949300 3538970 949965 If the cost objective is to determine the cost per tent, is the expert's salary a direct or an indirect cost? indirect cost How much of the expert's salary should be allocated to tents produced in January and February? Allocation Rate Month January February 6.70 Amount Allocated 10452 7638 Calculate a predetermined overhead rate based on direct labor hours Total expected overhead costs Total expected labor hours Predetermined overhead rate 452160 94200 4.80 . Determine the total allocated overhead cost for January, March, and August Total Overhead Cost Allocated January March August 34560 34560 47040 c. Determine the cost per unit of product for January, March, and August. January March August Direct Material 10.3 10.3 10.3 Direct labor costs 24.8 24.8 24.8 Overhead Cost Per unit 2.4 2.4 2.40 Cost Per unit 37.50 37.50 37.50 d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20.20 per unit Cost Per unit Profit Price January March August 37.5 37.5 37.5 20.2 20.2 20.2 57.70 57.70 57.70 gross margin of $20.20 per unit https://www.coursehero.com/file/p5a9s1d/Allocation-rates-using-separate-bases-are-shown-below-Cost-Base-Computation/ salesperson is able to sell 80 units of EZRecords and 44 units of ProOffice. (round cost per unit answers to 2 decimal places). 400 EZRecords ProOffice Total cost of software 7200 8184 Allocated fixed cost 5200 4000 Total cost of sales 12,400.00 12,184.00 Cost Per Unit 155.00 276.91 b. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 193 units Total cost of software Allocated fixed cost Total cost of sales Cost Per Unit EZRecords ProOffice 17370 19716 5200 4000 22,570.00 23,716.00 116.94 127.51 -below-Cost-Base-Computation/ lesperson is able to sell 193 units of EZRecords and 106 units of ProOffice. (round cost per unit answers to 2 decimal places). decimal places). a. Assume that you are the supervisor of Department I. Choose the allocation base that would minimize your department's Overhead Cost Overhead Cost Per Machine Hr Overhead Cost PerLabor Hr 560000 28 35 Allocate based on Labor Hour as Labor Hr in Dep 1 is Less Department Allocated Cost I 231,000.00 II 329,000.00 Total 560,000.00 Assume that you are the supervisor of Department II. Choose the allocation base that would minimize your department' Allocate based on Machine Hour as machine Hr in Dep ii is Less Department I II Total Allocated Cost 403,200.00 156,800.00 560,000.00 c. Assume that you are the plant manager and have the authority to change the company's overhead allocation policy. Fo I II fringe benefits 130,350.00 185,650.00 Utility 175,680.00 68,320.00 Total 306,030.00 253,970.00 ould minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to both d ould minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to bot ny's overhead allocation policy. Formulate an overhead allocation policy that would be fair to the supervisors of both Department I a ould be allocated to both departments using the base that you selected. (Do not round intermediate calculations would be allocated to both departments using the base that you selected s of both Department I and Department II. Compute the overhead allocations for each department using your policy Pilot Fuel Depreciation Direct Cost Direct Cost Indirect Cost Determine Total Cost Total Cost Chicago to San Fransico Chicago to New York 1408.00 863.00 Workings Determine Total Cost Chicago to San Fransico Pilot Fuel Depreciation Total Cost Chicago to New York 360 310 310 355 1640 949300 2310 949965 If the cost objective is to determine the cost per tent, is the expert's salary a direct or an indirect cost? indirect cost How much of the expert's salary should be allocated to tents produced in January and February? Allocation Rate Month January February 6.70 Amount Allocated 10452 7638 Calculate a predetermined overhead rate based on direct labor hours Total expected overhead costs Total expected labor hours Predetermined overhead rate 452160 94200 4.80 . Determine the total allocated overhead cost for January, March, and August Total Overhead Cost Allocated January March August 34560 34560 47040 c. Determine the cost per unit of product for January, March, and August. January March August Direct Material 10.3 10.3 10.3 Direct labor costs 24.8 24.8 24.8 Overhead Cost Per unit 9.6 9.6 6.53 Cost Per unit 44.70 44.70 41.63 d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20.20 per unit Cost Per unit Profit Price January March August 44.7 44.7 41.63 20.2 20.2 20.2 64.90 64.90 61.83 gross margin of $20.20 per unit https://www.coursehero.com/file/p5a9s1d/Allocation-rates-using-separate-bases-are-shown-below-Cost-Base-Computation/ salesperson is able to sell 80 units of EZRecords and 44 units of ProOffice. (round cost per unit answers to 2 decimal places). 400 EZRecords ProOffice Total cost of software 7200 8184 Allocated fixed cost 5200 4000 Total cost of sales 12,400.00 12,184.00 Cost Per Unit 155.00 276.91 b. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 193 units Total cost of software Allocated fixed cost Total cost of sales Cost Per Unit EZRecords ProOffice 17370 19716 5200 4000 22,570.00 23,716.00 116.94 223.74 -below-Cost-Base-Computation/ lesperson is able to sell 193 units of EZRecords and 106 units of ProOffice. (round cost per unit answers to 2 decimal places). decimal places). a. Assume that you are the supervisor of Department I. Choose the allocation base that would minimize your department's Overhead Cost Overhead Cost Per Machine Hr Overhead Cost PerLabor Hr 560000 28 35 Allocate based on Labor Hour as Labor Hr in Dep 1 is Less Department Allocated Cost I 231,000.00 II 329,000.00 Total 560,000.00 Assume that you are the supervisor of Department II. Choose the allocation base that would minimize your department' Allocate based on Machine Hour as machine Hr in Dep ii is Less Department I II Total Allocated Cost 403,200.00 156,800.00 560,000.00 c. Assume that you are the plant manager and have the authority to change the company's overhead allocation policy. Fo I II fringe benefits 130,350.00 185,650.00 Utility 175,680.00 68,320.00 Total 306,030.00 253,970.00 ould minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to both d ould minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to bot ny's overhead allocation policy. Formulate an overhead allocation policy that would be fair to the supervisors of both Department I a ould be allocated to both departments using the base that you selected. (Do not round intermediate calculations would be allocated to both departments using the base that you selected s of both Department I and Department II. Compute the overhead allocations for each department using your policy Pilot Fuel Depreciation Direct Cost Direct Cost Indirect Cost Determine Total Cost Total Cost Chicago to San Fransico Chicago to New York 1408.00 663.00 Workings Depreciation Rate 0.18 Determine Total Cost Chicago to San Fransico Pilot Fuel Depreciation Total Cost Chicago to New York 360 310 310 155 738 198 1408 663 If the cost objective is to determine the cost per tent, is the expert's salary a direct or an indirect cost? indirect cost How much of the expert's salary should be allocated to tents produced in January and February? Allocation Rate Month January February 6.70 Amount Allocated 10452 7638 Calculate a predetermined overhead rate based on direct labor hours Total expected overhead costs Total expected labor hours Predetermined overhead rate 452160 94200 4.80 . Determine the total allocated overhead cost for January, March, and August Total Overhead Cost Allocated January March August 34560 34560 47040 c. Determine the cost per unit of product for January, March, and August. January March August Direct Material 10.3 10.3 10.3 Direct labor costs 24.8 24.8 24.8 Overhead Cost Per unit 9.6 9.6 9.60 Cost Per unit 44.70 44.70 44.70 d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20.20 per unit Cost Per unit Profit Price January March August 44.7 44.7 44.70 20.2 20.2 20.2 64.90 64.90 64.90 gross margin of $20.20 per unit https://www.coursehero.com/file/p5a9s1d/Allocation-rates-using-separate-bases-are-shown-below-Cost-Base-Computation/ salesperson is able to sell 80 units of EZRecords and 44 units of ProOffice. (round cost per unit answers to 2 decimal places). 400 EZRecords ProOffice Total cost of software 7200 8184 Allocated fixed cost 5200 4000 Total cost of sales 12,400.00 12,184.00 Cost Per Unit 155.00 276.91 b. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 193 units Total cost of software Allocated fixed cost Total cost of sales Cost Per Unit EZRecords ProOffice 17370 19716 5200 4000 22,570.00 23,716.00 116.94 223.74 -below-Cost-Base-Computation/ lesperson is able to sell 193 units of EZRecords and 106 units of ProOffice. (round cost per unit answers to 2 decimal places). decimal places). a. Assume that you are the supervisor of Department I. Choose the allocation base that would minimize your department's Overhead Cost Overhead Cost Per Machine Hr Overhead Cost PerLabor Hr 560000 28 35 Allocate based on Labor Hour as Labor Hr in Dep 1 is Less Department Allocated Cost I 231,000.00 II 329,000.00 Total 560,000.00 Assume that you are the supervisor of Department II. Choose the allocation base that would minimize your department' Allocate based on Machine Hour as machine Hr in Dep ii is Less Department I II Total Allocated Cost 403,200.00 156,800.00 560,000.00 c. Assume that you are the plant manager and have the authority to change the company's overhead allocation policy. Fo I II fringe benefits 130,350.00 185,650.00 Utility 175,680.00 68,320.00 Total 306,030.00 253,970.00 ould minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to both d ould minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to bot ny's overhead allocation policy. Formulate an overhead allocation policy that would be fair to the supervisors of both Department I a ould be allocated to both departments using the base that you selected. (Do not round intermediate calculations would be allocated to both departments using the base that you selected s of both Department I and Department II. Compute the overhead allocations for each department using your policy