ted: Assignment 2-alternate Saved Help Save & Exit Submi KV Accounting and Business Consultants provides a variety of consulting services to a diverse range of clients. The company has three support departments and three revenue-generating departments, whose cost details for a typical quarter are presented below: IT Support Support Departments $293,500 Adnin Support 728,000 Facilities Support 208,150 34:55 Revenue-Generating Departments Assurance 891,700 Tax Advisory 641,000 Business Advisory Book Mc Graw 809,600 $3,571,950 The existing cost allocation system is designed as follows: (1) the support department costs are allocated to the three revenue- generating departments, and (2) the revenue-generating department dosts are allocated to individual clients. The support department costs are allocated to the revenue generating departments as follows: (1) IT Support costs are allocated to Assurance, Tax Advisory, and Business Advisory using a 40:20:40 ratio, (2) Admin Support costs are allocated using a 40.30:30 ratio, and (3) Facilities Support costs are allocated using a 40:40:20 ratio. The costs accumulated in the three revenue generating departments are allocated to Individual clients based on the professional time consumed in the respective department. The Assurance, Tax Advisory, and Business Advisory departments recorded 10,700, 9,200, and 7,700 hours, respectively, for the quarter. Required: 1. Compute the predetermined cost allocation rates for the three revenue-generating departments. (Round your answers to 2 decimal places.) Predetermined i Cost Allocation Rale < Previ 5 of 5 Next >