can you help me C.5Q2 Perfection Department Store has a new promotional program that offers a free gift-wrapping service for its customers. Perfection's customer-service department has practical capacity to wrap 7,500 gifts at a budgetedfixed cost of $6,750 each month. The budgeted variable cost to gift wrap an item is $0.30. During the most recent month, the department budgeted to wrap 6,750 gifts. Although the service is free to customers, agift-wrapping service cost allocation is made to the department where the item was purchased. The customer-service department reported the following for the most recent month:E (Click the icon to view the actual and byRead the requirements.RequirementsData TableRequirement 1. Using the single-rate methStart with allocating (a), then (b), and finally1. Using the single-rate method, allocate gift-wrapping costs to differentdepartments in these three ways.AВC(a)Calculate the budgeted rate based on the budgeted number of gifts to bewrapped and allocate costs based on the budgeted use (of gift-wrappingservices).а.Budgeted ItemsWrappedActual ItemsBudgeted rate per item:1DepartmentWrappedb.2 Giftware2,4902,200Calculate the budgeted rate based on the budgeted number of gifts to bewrapped and allocate costs based on actual usage.Giftware3 Women's Apparel810710Calculate the budgeted rate based on the practical gift-wrapping capacityavailable and allocate costs based on actual usage.с.Women's Apparel4 Fragrances1,8151,595Fragrances2. Using the dual-rate method, compute the amount allocated to each departmentwhen (a) the fixed-cost rate is calculated using budgeted costs and thepractical gift-wrapping capacity, (b) fixed costs are allocated based on budgetedusage of gift-wrapping services, and (c) variable costs are allocated using thebudgeted variable-cost rate and actual usage.5 Men's Apparel465500Enter any number in the edit fields and th6 Domestics1,1701,3457 Total6,7506,350partsremainingComment on your results in requirements 1 and 2. Discuss the advantages ofthe dual-rate method.3.

under this method, variable costs are allocated on the basis of the actual usage whereas, fixed cost…

Perfection Department Store has a new promotional program that offers a free gift-wrapping service for its customers. Perfection's customer-service department has practical capacity to wrap 7,500 gifts at a budgeted fixed cost of $6,750 each month. The budgeted variable cost to gift wrap an item is $0.30. During the most recent month, the department budgeted to wrap 6,750 gifts. Although the service is free to customers, a gift-wrapping service cost allocation is made to the department where the item was purchased. The customer-service department reported the following for the most recent month: E (Click the icon to view the actual and b Read the requirements. Requirements Data Table %3 Requirement 1. Using the single-rate meth Start with allocating (a), then (b), and finally 1. Using the single-rate method, allocate gift-wrapping costs to different departments in these three ways. A B (a) Calculate the budgeted rate based on the budgeted number of gifts to be wrapped and allocate costs based on the budgeted use (of gift-wrapping services). b. Calculate the budgeted rate based on the budgeted number of gifts to be wrapped and allocate costs based on actual usage. c. Calculate the budgeted rate based on the practical gift-wrapping capacity available and allocate costs based on actual usage. a. Budgeted Items Actual Items Wrapped Budgeted rate per item: Department Wrapped 2 Giftware 2,490 2,200 Giftware 3 Women's Apparel 810 710 Women's Apparel 4 Fragrances 1,815 1,595 500 Fragrances 2. Using the dual-rate method, compute the amount allocated to each department when (a) the fixed-cost rate is calculated using budgeted costs and the practical gift-wrapping capacity, (b) fixed costs are allocated based on budgeted usage of gift-wrapping services, and (c) variable costs are allocated using the budgeted variable-cost rate and actual usage. 5 Men's Apparel 465 Enter any number in the edit fields and th 6 Domestics 1,170 1,345 7 Total 6,750 6,350 parts remaining 3. Comment on your results in requirements 1 and 2. Discuss the advantages of the dual-rate method.