Sequential Method Jasmine Company manufactures both pesticide and liquid fertilizer with each product manufactured in separate departments. Three support departments support the production departmen Power General Factory, and Purchasing, Budgeted data on the five departments are as follows: 3.000 Support Departments Producing Departments General Liquid Power Factory Purchasing Pesticide Fertilizer Overhead $80,000 $316,000 5169,000 $78,500 $107.400 Square 1.500 feet 1,500 4,200 4,000 Machine hours 1,403 1.345 24,000 Purchase 20 40 120 60 orders The company does not break everhead into foved and variable components. The bases for location are power-machine hours, general factory-square feet, and purchasing--purchase orders. The company has decided to use the sequential method of allocation instead of the direct method. The support departments are ranked in order of highest cost to lowest coast. Requiredi 1. Alocate the overhead costs to the producing departments using the sequential method. Carry out allocation ratios to four decimal places. Use these numbers for subsequent calculations Round allocated costs to the nearest dollar. If an amount is zero, enter" Allocation ratios: Power General Liquid Factory Purchasing Pesticide Fertilizer Square feet o 0.25 Machine hours 0.466 0.533 Purchase 0 0.666 corders O 0 0.75 ol 0 0 0 0.333 Cost allocation: Power General Factory Purchasing Pesticide Liquid Fertilizer Direct costs General Factory Purchasing Power Total 2. Using machine hours, compute departmental overhead rates. (Round the overhead rates to the nearest cent.) Overhead Rates Pesticide 16.50 * per machine hour Liquid 43.86 x per machine Fertilizer hour