Please explain proper steps by Step and Fast Answering Please And Do Not Give Solution In Image Format. Gary's business is booming! Plans are in place to expand the existing facility. But in the meantime, both of the key operating divisions needed storage space for their raw materials. Operating Unit Thumbdrive (OUT) needs 2,000square feet of space, and Operating Unit Racket (OUR) needs 3,000 square feet of space. OUT's manager got a bid of $395/month for storage space, while OUR's manager received a bid of $1,185/month for storage space.Gary believes it would be prudent to find space that would fit both of the operating units' needs. The cost of that space-which allows additional room for each unit-would be $1,440/month. He goes ahead and rents this space for6 months. Using the stand-alone method, determine how much of the common storage space cost will be allocated to each operating unit. (Round percentage of total to 2 decimal places, eg. 15.25% and final answers to 2 decimal places, eg15.25.)Common storage space costsUserOUROUT$Total $OUT576.00CostOUR864.00Using the incremental method and further assuming that OUR is the primary user, determine how much of the common storage space cost will be allocated to each operating unit.$JTotalShow Transcribed Text1440

Space Provided: OUT - 2000sq. ft. of space OUR - 3000sq. ft of space Bid: OUT's manager -…

Answered: Please explain proper steps by Step and…

Business

Operations Management

Please explain proper steps by Step and Fast Answering Please And Do Not Give Solution In Image Format.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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