The Laserlight Corporation operates one central plant that has two divisions, the Flashlight Division and the Night Light Division. The following data apply to the coming budget year: Budgeted costs of operating the plant for 2,000 to 3,000 hours Fixed operating costs per year Variable operating costs $450,000 $600 per hour Budgeted long-run usage per year Flashlight Division Night Light Division 2,000 hours 500 hours 3,000 hours Practical capacity Assume that practical capacity is used to cakculate the allocation rates Actual usage for the year by the Flashlight Division was 1,400 hours and by the Night Light Division was 600 hours. 7) If a single-rate cost-allocation method is used, what amount of operating costs will be budgeted for the Flashlight Division? A) $1,500,000 B) S1,560,000 C) S1,140,000 D) SI,410,000 8) If a single-rate cost-allocation method is used, what amount of cost will be allocated to the Flashlight Division? Assume actual usage is used to allocate opcrating costs. A) S1, 140,000 B) 51,200,000 C) S1,500,000 D) $1,050,000 Answer Explanation: USE LECTURE NOTES TO ANSWER THIS QUESTION 9) If a dual-rate cost-allocation method is used, what amount of operating costs will be budgeted for the Night Light Division? A) $390,000 B) $450,000 C) $375,000 D) $435,000 Answer Explanation USE LECTURE NOTES TO ANSWER THIS QUESTION 10) If a dual-rate cost-allocation method is used, what amount of cost will be allocated to the Night Light Division? Assume budgeted usage is used to allocate fixed operating costs and actual usage is used to allocate variable operating costs. A) $375,000 B) $435,000 C) $390,000 D) S450,000