Required information [The following information applies to the questions displayed below.] Gipps Business College (GBC) has two degree programs, undergraduate (UG) and graduate (GRAD) and three service departments, information technology (IT), Event Planning (EP), and Career Services (CS). The CFO of GBC is conducting a profitability analysis of the two programs and wants to include the appropriate costs of the service departments in the costs of the two degree programs. As a part of the analysis, the CFO has collected the following usage patterns of the service departments over the last two years. Supplying Department TT EP UG 10% Using Department CS 20% 25% 40% 25% 60% TBD* GRAD 30% 50% 40% TBD CS Direct cost $182,000 $ 138,000 $ 244,000 *To Be Determined Required: a. The CFO is unsure what the best way to allocate the cost is and has asked you for the allocations to the UG and GRAD programs using: 1. The direct method; 2. The step method starting with IT, followed by EP, and then CS; 3. The reciprocal method. (You do not need matrix algebra or to read the Appendix to complete this requirement.) Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Req A3 The CFO is unsure what the best way to allocate the cost is and has asked you for the allocations to the UG and GRAD programs using the reciprocal method. (Negative amounts should be indicated by a minus sign. Round intermediate calculations to nearest whole dollar amount.) IT EP CS UG GRAD Department costs IT allocation EP allocation CS allocation Total costs allocated Reg A2 Req A3 >