Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. woodstock binding has two service departments, it

Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two...

60.1K

Verified Solution

Question

Accounting

Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two operating departments, Publishing and Binding. Management has decided to allocate IT costs on the basis of IT Tickets (issued with each IT request) in each department and HR costs on the basis of employees in each department.
The following data appear in the company records for the current period:
\table[[IT tickets,IT,HR,Publishing,Binding],[Employees,0,1,500,1,500,4,500],[Department direct costs,16,0,24,40]]
Required:
Use the step method to allocate the service costs, using the following:
a. The order of allocation starts with IT.
b. The order of allocation starts with HR.
Complete this question by entering your answers in the tabs below.
Required A
Refyired B
Use the step method to allocate the service costs, using the following:
The order of allocation starts with HR.
Note: Amounts to be deducted should be indicated by a minus sign. Do not round intermediate calculations.
\table[[From:,Cost Allocation To:],[,,,,Publishing,Binding],[\table[[Service department costs],[HR]]],[\table[[HR],[IT]]],[\table[[IT],[Total costs]]],[Total costs,$,0,$,0,0,s
image

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!
Become a Member

Other questions asked by students

Statistics
1.2K views

Demonstrate understanding of the Central Limit Theorem, using R, by showing how the distribution of the...

Statistics
1.2K views

Construct a scattergram for each data set. Then calculate r and r 2 for each data...

Mechanical Engineering
1.2K views

A ball rolls down from the top of an incline with a height of 5 m...

Physics
1.2K views

rod A rod B In the given figure force on rod A and rod B...

Physics
1.2K views

A balloon contains 1500 m of helium at 300 K and 4 atmospheric pressure The...

Algebra
1.2K views

Which statistic would indicate that a linear function would not be a good fit to...

Algebra
1.2K views

8 Sketch each curve using a single transformation of y e and describe the transformation...

Accounting
1.2K views

Ken is 63 years old and unmarried. He retired at age 55 when...

Accounting
1.2K views