Question 4 (1 point) A firm has two service departments: HR and IT. The firm incurs $100,000 in the HR department and $150,000 in the IT department. The firm uses step down method with HR costs allocated first. The overhead rate for allocating HR costs is $1,000 per employee. If the IT department has 50 employees, then the total IT costs allocated to the production departments is $250,000 $150,000 $200,000 $100,000