please just give the answers from the circle. from a/b/c/d/e.

EXERCISE 1: Baskings Incorporated manufactures and sells industrial shelving units through two departments; 1) Retail-where units are sold online directly to consumers 2) Government-where units are sold to various governmental agencies. To house and distribute its inventory, Baskings maintains a total of 120,000 sq. feet of warehousing space. The company also has 400 employees. Baskings pays a monthly lease fee on its sorting and distribution equipment in the amount of $84,000. The equipment services both departments and is identified as an indirect cost. Following are some more specific breakdowns for each department: What is the cost object in this example? Departments Baskings would like to evaluate the differences in allocating leasing costs using the following cost drivers: 1) Warehouse space: Step 1: Compute an allocation rate: Step 2: Allocate costs: 2) Total Emplovees Step 1: Compute an allocation rate: Step 2: Allocate costs: Allocating Fixed Overhead Costs: Since fixed costs do not vary with changes in volume, the options for allocation of these costs are limited. See completed example below for illustration on how we allocate these costs: Allocating Fixed Overhead Costs: Since fixed costs do not vary with changes in volume, the options for allocation of these costs are limited. See completed example below for illustration on how we allocate these costs: COMPLETED EXAMPLE: Baskings pays annual rent of $240,000 for its manufacturing facility. This is a FIXED COST and does not vary with production. Yet, we still often use volume (units produced) to estimate a cost per unit. During the year, Baskings produced 600,000 units and sold 560,000 units. Allocate the fixed costs among the units sold (Cost of Goods Sold) and ending inventory: Step 1: Compute an allocation rate: Joint Products-Cost Allocation: Some manufacturing processes start with incurring costs when the cost objects may not yet be identifiable. For example, during the refining process that transforms crude oil into different grades of gasoline, certain costs (joint costs) are incurred early in the process. Once the process reaches a point where each individual cost object is identifiable (split-off point), we must allocate the joint costs to these newly identifiable cost objects (joint products). EXERCISE 2: AXiom Petroleum operates an oil refining facility that produces three different grades of fuel. Following are the production and sales information for the month of August. The Joint Costs of processing for August were $624,000. Determine the amount of joint costs allocated based on the gallons produced: Step 1: Compute an allocation rate (Round to two digits beyond the decimal point). YOU DO NOT NEED TO UPLOAD YOUR COMPLETED EXERCISE AT THIS TIME. Just answer the questions below in the order they are posed by clicking the Submit Answer button. a) Exercise 1: Using Warehouse Space as the cost driver, how much (dollars) would be allocated to the Retail Department? See circle on the printed exercise. (3 points for correct answer. No partial credit). b) Exercise 1: Using Total Employees as the cost driver, how much (dollars) would be allocated to the Government Department? See circle on the printed exercise. (3 points for correct answer. No partial credit). c) Exercise 2: Using Total Gallons as the cost driver, how much (dollars) would be allocated to the Medium Grade joint product? See circle on the printed exercise. ( 3 points for correct answer. No partial credit). d) Exercise 2: What is the allocation rate "per \$ of Sales Value"? See circle on the printed exercise. (3 points for correct answer. No partial credit). e) Exercise 2: Using Sales Value at Split-Off as the cost driver, how much (dollars) would be allocated to the Premium Grade joint product? See circle on the printed exercise. (3 points for correct answer. No partial credit)