Problem 12-56 (Static) Cost Allocation for Travel Reimbursement (LO 12-1, 7) Burchill Consultants is a global consulting firm. The firm has a travel policy that reimburses employees for the "ordinary and necessary" costs of business travel and reimburses business-class airfare for international and "long" domestic flights. Assoclates at the firm often mix a business trip with pleasure by elther extending the time at the destination or traveling from the business destination to a nearby resort or other personal destination. When this happens, an allocation must be made between the business and personal portions of the trip, so that only the business portion is reimbursed. However, the travel policy is unclear on the allocation method to follow. Consider this example. An employee obtained a business-class ticket for $8,557 and traveled the following itinerary. On the date of the flights between Los Angeles and Singapore (and return), a restricted round-trlp business-class fare of \$4,038 was avallable. Required: a. Compute the business portion of the airfare according to each of the following independent scenarlos: 1. Based on the maximum reimbursement for the employee. 2. Based on the minimum cost to the company