Question Partially correct Marked out of 10.00 P Flag question Allocating Service Department Costs: Allocation Basis Alternatives Assume Genzink Steel, a metal fabrication company, has two producing departments, P1 and P2, and one service department, 51. Estimated overhead costs per month are as follows: P1 $2,000,000 P2 750,000 S1 1,000,000 Other data follow: P1 P2 50 30 Numbers of employees Production capacity (units) Space occupied (square feet) Five-year average of S1's service output used 75,000 20,000 57,600 22,400 60% 40% For each of the following allocation bases, determine the total estimated overhead cost for P1 and P2 after allocating 51 cost to the producing departments. Note: Do not round computations until your final answer, then round to the nearest whole number, when needed. P1 P2 1. Based on number of employees 2. Production capacity in units 3. Space occupied 4. Five-year average of S1 services used 5. Estimated direct overhead costs $ 2,625,000 $ 2,789,474 x 2,720,000 x 2,600,000 2,666,667 X 1,125,000 960,526 x 1,030,000 x 1,150,000 1,083,333 x