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shown below Step method The Long Term Care Plus Company has two service departments - Actuarial and premium rating, and two operations departments - marketing
shown below Step method The Long Term Care Plus Company has two service departments - Actuarial and premium rating, and two operations departments - marketing and sales. The distribution of each service department's efforts to the other departments is shown below. FROM TO Actuarial Rating Marketing Sales Actuarial 0% 40% 20% 40% Rating 25% 0% 45% 35% The direct operating costs of the departments (including both variable and fixed costs) were as follows Actuarial $60,000 Premium Rating $40,000 Marketing $60,000 Sales $70,000 Determine the total cost accumulated in the marketing and sales departments using the step method is calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar, assume the actuarial department goes first)
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