Wellspring has determined that the cost driver for housekeeping is square feet and that the...
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Accounting
Wellspring has determined that the cost driver for housekeeping is square feet and that the cost driver for administration and financial services is the number of employees. Using the step-down method of cost allocation, what is the allocation of financial services costs to medicine? Assume housekeeping costs are allocated first, followed by administration and then by financial services.
a. $159,184
b. $161,306
c. $158,080
d. $162,344
e. $165,657
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