Please show your calculations!

Problem 5-41A (Part Level Submission) Hy and van Lamsweerde 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 regarding 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 labour dollars, while the audit partners argue for implementing activity-based costing. The partners agree to use next year's budgeted data for analysis and comparison. The following overhead data are collected: Expected Use of Cost Drivers per Service Activity Cost Pools Employee training Typing and secretarial Computing Facility rental Travel Cost Drivers Direct labour dollars Number of reports and forms Number of minutes Number of employees Per expense reports Estimated Overhead $204,386 70,000 200,400 125,200 81,300 681,286 Expected Use of Cost Drivers $1,703,215 2,500 60,000 40 Direct Audit $900,000 600 25,000 22 56,000 Tax $803,215 1,900 35,000 18 25,300 (a) Using traditional product costing as proposed by the tax partners, calculate the total overhead cost assigned to both services (audit and tax) decimal places, e.g. 1525.) Hy and van Lamsweerde. (Round answers to O Overhead assigned to audit: $ Overhead assigned to tax: $ LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT 1. Using activity-based costing, prepare a schedule showing the calculations of the activity-based overhead rates (per cost driver). (Round answers to 2 decimal places, e.g. 15.25.) Activity-based overhead rates Employee training $ per DL dollar Secretarial per report/form $ Computing $ per minute Facility rental $ per employee Travel $ 2. Prepare a schedule assigning each activity's overhead cost pool to each service based on the use of the cost drivers. (Round answers to 0 decimal places, e.g. 1525.) Audit Tax Training Secretarial Computing Rent Travel (Direct) Total overhead assigned