The supervisor of each department receives a bonus based on how well the department controls costs. The company's current policy requires using a single allocation base (machine hours or labor hurs) to allocate the total overhead cost of $584.000. Required a. Assume that you are the supervisor of Department 1. Choose the allocation base that would minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to both departments using the base that you selected b. Assume that you are the supervisor of Department II. Choose the allocation base that would minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to both departments using the base that you selected c. Assume that you are the plant manager and have the authority to change the company's overhead allocation policy. Formulate an overhead allocation policy that would be fair to the supervisors of both Department and Department II. Compute the overhead allocations for each department using your policy. Complete this question by entering your answers in the tabs below. Required A Required B Required Assume that you are the plant manager and have the authority to change the company's overhead allocation policy Formulate an overhead allocation policy that would be fair to the supervisors of both Department I and Department 11. Compute the overhead allocations for each department using your policy. (Do not round Intermediate calculations) Department Department il Costs Fringe benefits Uulity Total $ $ The supervisor of each department receives a bonus based on how well the department controls costs. The company's current policy requires using a single allocation base (machine hours or labor hurs) to allocate the total overhead cost of $584.000. Required a. Assume that you are the supervisor of Department 1. Choose the allocation base that would minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to both departments using the base that you selected b. Assume that you are the supervisor of Department II. Choose the allocation base that would minimize your department's share of the total overhead cost. Calculate the amount of overhead that would be allocated to both departments using the base that you selected c. Assume that you are the plant manager and have the authority to change the company's overhead allocation policy. Formulate an overhead allocation policy that would be fair to the supervisors of both Department and Department II. Compute the overhead allocations for each department using your policy. Complete this question by entering your answers in the tabs below. Required A Required B Required Assume that you are the plant manager and have the authority to change the company's overhead allocation policy Formulate an overhead allocation policy that would be fair to the supervisors of both Department I and Department 11. Compute the overhead allocations for each department using your policy. (Do not round Intermediate calculations) Department Department il Costs Fringe benefits Uulity Total $ $