Sequential Method Jasmine Company manufactures both pesticide and liquid fertilizer, with each product manufactured in separate departments. Three support departments support the production departments: Power, General Factory, and Purchasing. Hudgeted data on the five departments are as follows: Support Departments General Producing Departments Liquid Purchasing Pesticide Fertilizer Power Factory Overhead $80,000 $314,000 $169,000 $78,800 $107,400 Square feet 1,500 1,500 4,200 4,800 Machine hours - 1,403 1,345 24,000 B,000 Purchase orders 20 40 120 60 The company does not break overhead into fixed and variable components. The bases for allocation 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 cost Required: 1. Allocate 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 "0", , "O". Allocation ratios: Power General Factory Purchasing Pesticide Liquid Fertilizer Square feet 0.1250 0 0.1250 0.3500 0.4000 Machine hours o 0 o 0.75 0.25 Purchase orders 0.1000 0 o 0.6000 0.3000 Check My Work 1 more Check My Work uses remaining. Previous Next > Assignment Score: 80.37% Save and Exit Submit Assignment for Grading 1. Allocate 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 "0". Allocation ratios: Power General Factory Purchasing Pesticide Liquid Fertilizer Square feet 0.1250 0 0.1250 0.3500 0.4000 Machine hours 0 07 0 o 0.75 0.25 Purchase orders 0.1000 0 0 o 0.6000 0.3000 Cost allocation: Power General Factory Purchasing Pesticide Liquid Fertilizer Direct costs 80,000 314,000 169,000 78,800 $ 107,400 General Factory 39,250 314,000 39,250 109,900 125,600 Purchasing 20,850 x 208,500X 122,550 X 62,550 X Power 140,350 X 104,775 X 35,088 X Total o 0 o 419,463 X 331,438 X 2. Using machine hours, compute departmental overhead rates. (Round the averhead rates to the nearest cent.) Overhead Rates Pesticide 17.48 X per machine hour Liquid Fertilizer 41.43 X per machine hour Feedback Check My Work Check My Work 1 more Check My Work uses remaining. Previous Next > Assignment Score: 80.37% Save and Exit Submit Assignment for Grading