Homework Answers
Allocation
| Repairs | HR | IT | M1 | M2 | |
| Service department cost | 76000 | 95600 | 171000 | ||
| HR allocation | 9560 | -95600 | 19120 | 33460 | 33460 |
| IT allocation | 0 | -190120 | 42249 | 147871 | |
| Repairs allocation | -85560 | 34224 | 51336 | ||
| Total Cost allocation | 0 | 0 | 0 | 109933 | 232667 |
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Help Save & E Bens Corporation has three service departments (Repairs, HR, and IT) and two...
Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and...
Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and M2). The following usage data for each of the service departments for the previous period follow. Repairs HR Repairs HR - 0% 10% - 0% 10% IT 0% 20% - M1 40% 35% 20% M2 60% 35% 70% The direct costs of the service departments in the previous period were $52,000 for Repairs, $71,600 for HR, and $117,000 for IT. Required: Use the direct...
Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and M2). The fo...
Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and M2). The following usage data for each of the service departments for the previous period follow. Repairs HR IT Repairs HR - 0% 10% - % 10% ID 0% 20% - M1 40% 35% 20% M2 60% 35% 70% The direct costs of the service departments in the previous period were $20,000 for Repairs, $39,600 for HR, and $45,000 for IT. Required: Use the...
Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and...
Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and M2). The following usage data for each of the service departments for the previous period follow. Repairs HR IT M1 M2 Repairs — 0 % 0 % 40 % 60 % HR 10 % — 20 % 35 % 35 % IT 0 % 10 % — 20 % 70 % The direct costs of the service departments in the previous period were $20,000...
Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and M2). Th...
Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and M2). The following usage data for each of the service departments for the previous period follow Repairs 60% The direct costs of the service departments in the previous period were $100,000 for Repairs, $119,600 for HR, and $225,000 for IT. Required: Use the direct method to allocate the service department costs to the production departments. (Negative amounts should be indicated by a minus sign....
Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department....
Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department. The bank has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the two service departments' output for the year is as follows: Provider of Service User of Service Computing 20 % HR HR Computing Deposit 20% 60% 65% 15% 20% Loan The budgeted costs in the two service departments for the year are as follows:...
Exercise 17-23 Reciprocal-Services Method; Bank (Appendix) (LO 17-6) Tuscaloosa National Bank has two service departments, the...
Exercise 17-23 Reciprocal-Services Method; Bank (Appendix) (LO 17-6) Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department. The bank has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the two service departments' output for the year is as follows Provider of Service HR Computing User of Service HR Computing Deposit Loan 20% 20% 78% 10% 60% 20% The budgeted costs in the two service...
BluStar Company has two service departments, Administration and Accounting, and two operating departments, Domestic and International....
BluStar Company has two service departments, Administration and Accounting, and two operating departments, Domestic and International. Administration costs are allocated on the basis of employees, and Accounting costs are allocated on the basis of number of transactions. A summary of BluStar operations follows. Administration Accounting Domestic International Employees – 28 46 26 Transactions 40,000 – 24,000 96,000 Department direct costs $ 353,000 $ 146,000 $ 945,000 $ 3,640,000 Required: a. Allocate the cost of the service departments to the operating...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and...
Midland Resources has two production departments (Fabrication
and Assembly) and three service departments (Engineering,
Administration, and Maintenance). During July, the following costs
and service department usage ratios were recorded:
Supplying Department
Using Department
Engineering
Administration
Maintenance
Fabrication
Assembly
Engineering
0
60
%
0
20
%
20
%
Administration
15
%
0
10
%
50
%
25
%
Maintenance
0
20
%
0
20
%
60
%
Direct cost
$
58,000
$
329,000
$
50,000
$
270,000
$
90,000
Required:
Allocate...
Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department....
Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department. The bank has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the two service departments' output for the year is as follows: User of Service HR Computing Deposit Loan Provider of Service HR Computing 15% 10% 60% 50% 30% 35% The budgeted costs in the two service departments for the year are as follows: $153,000...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded: Supplying Department Using Department Engineering Administration Maintenance Fabrication Assembly Engineering 0 60 % 0 20 % 20 % Administration 15 % 0 10 % 50 % 25 % Maintenance 0 30 % 0 15 % 55 % Direct cost $ 54,000 $ 304,600 $ 50,000 $ 260,000 $ 90,000 Required:...
Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and M2). The following usage data for each of the service departments for the previous period follow. Repairs HR Repairs HR - 0% 10% - 0% 10% IT 0% 20% - M1 40% 35% 20% M2 60% 35% 70% The direct costs of the service departments in the previous period were $52,000 for Repairs, $71,600 for HR, and $117,000 for IT. Required: Use the direct...
Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and M2). The following usage data for each of the service departments for the previous period follow. Repairs HR IT Repairs HR - 0% 10% - % 10% ID 0% 20% - M1 40% 35% 20% M2 60% 35% 70% The direct costs of the service departments in the previous period were $20,000 for Repairs, $39,600 for HR, and $45,000 for IT. Required: Use the...
Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and M2). The following usage data for each of the service departments for the previous period follow Repairs 60% The direct costs of the service departments in the previous period were $100,000 for Repairs, $119,600 for HR, and $225,000 for IT. Required: Use the direct method to allocate the service department costs to the production departments. (Negative amounts should be indicated by a minus sign....
Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department. The bank has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the two service departments' output for the year is as follows: Provider of Service User of Service Computing 20 % HR HR Computing Deposit 20% 60% 65% 15% 20% Loan The budgeted costs in the two service departments for the year are as follows:...
Exercise 17-23 Reciprocal-Services Method; Bank (Appendix) (LO 17-6) Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department. The bank has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the two service departments' output for the year is as follows Provider of Service HR Computing User of Service HR Computing Deposit Loan 20% 20% 78% 10% 60% 20% The budgeted costs in the two service...
Midland Resources has two production departments (Fabrication
and Assembly) and three service departments (Engineering,
Administration, and Maintenance). During July, the following costs
and service department usage ratios were recorded:
Supplying Department
Using Department
Engineering
Administration
Maintenance
Fabrication
Assembly
Engineering
0
60
%
0
20
%
20
%
Administration
15
%
0
10
%
50
%
25
%
Maintenance
0
20
%
0
20
%
60
%
Direct cost
$
58,000
$
329,000
$
50,000
$
270,000
$
90,000
Required:
Allocate...
Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department. The bank has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the two service departments' output for the year is as follows: User of Service HR Computing Deposit Loan Provider of Service HR Computing 15% 10% 60% 50% 30% 35% The budgeted costs in the two service departments for the year are as follows: $153,000...
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