Stevenson Company is divided into two operating divisions: Battery and Small Motors. Assume that Stevenson uses the sequential method to allocate support department costs to the operating divisions. Power costs are allocated on the basis of the number of machine hours and general factory costs on the basis of square footage. General Factory is allocated first in the sequential method for the company. Support department cost allocations are based on the following data: Support Departments General Factory $160,000 $430,000 2,000 1,500 Operating Divisions Small Motors Battery $163,000 7,500 7,500 18,000 Power Overhead costs Machine hours Square footage Direct labor hours Required: 1. Calculate the allocation ratios for Power and General Factory. (Note: Carry these calculations out to four decimal places.) Allocation ratios for General Factory Power Battery Small Motors $84,600 3,000 17,500 60,000 2,000 1,000 0.0385 0.2885 Allocation ratios for Power Battery Small Motors 2. Allocate the support service costs to the operating divisions. Round all amounts to the nearest dollar. Use a minus sign to indicate a subtraction. For those boxes in which no entry is required, leave the box blank or enter zero ("O") Support Departments Operating Divisions Small Power General Factory Battery Motors Direct costs 160,000 430,000 163,000 84,600 Allocate General Factory 16,555 -176,555 0 -430,000 Power Total 0 3. Assume divisional overhead rates are based on direct labor hours. Calculate the overhead rate for the Battery Division and for the Small Motors Division. Round overhead rates to the nearest cent Battery overhead rate Small Motors overhead rate