Help Save & Exit Submi Check nry work very successful in recent years in providing...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Help Save & Exit Submi Check nry work very successful in recent years in providing effective service to growing number of clients. The company provides its service from single office bullding in Clevcland and is organized into two main clicnt-service groups: one for market rescarch and the other for firlantial drialysis The twu groups hdve tudgeled annuel costs of S540 000 nd B50 000, 'espectrvely lrl ddcilion Barfield has support stoff that is arganized into two main functions one for clerical, farilities, and lagstical support (ralled the CFl graup) and another for computer-relatcd support The CFL group has budgcted annual costs of $405,000, whilc the annual costs of the computcr group are $624,000. 3.75 points Tom Brady, CFO of Barfield, plans to prepare a departmental cost allocation for his four groups, and he assembles the following Percentage of estimated dollars of work and time by CFL group: roup 20%-service 70%-se:vice nalysi market fesearch financial to Pecetage ef elirnated dallats of work and tine bhy the rgraup 20%-service to the CEL group 408- vice to financial analysis Required: Detenmine the total cost In the financlal analysis and market research groups, after departmental allocation, using (a) the direct method. Obi the step nethod when the sourcing department that provides the greatest percentage of services to other service cepartments goes first, and {c) the reciprocal method.(Round percentage calculations to 4 decimal places (e.g., 33.3333%), intermediate calculations and final answers to the nearest dollar amount. Financial Total Producing 4800 31
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!