FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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This table is designed to present data related to the multiple operating departments based on regions. The regions highlighted are Asia, Africa/Australia, and Europe, with a column for the Total. Each region and the total have corresponding percentage entries depicted as empty boxes where data can be entered.

- **Operating Departments**: This is the main category under which the data is organized into different regions.
- **Asia, Africa/Australia, Europe**: These are the regional categories under "Operating Departments".
- **Total**: This column is meant to display the aggregated percentage from the three regions combined.

Each regional column has two rows of blank spaces followed by a percentage symbol where specific data can be entered, suggesting that multiple data points or sets can be inputted. Similarly, the "Total" column has two rows with blank spaces to summarize the data for these regions. This structure indicates the flexibility to input data potentially for comparison or analysis purposes.
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Transcribed Image Text:This table is designed to present data related to the multiple operating departments based on regions. The regions highlighted are Asia, Africa/Australia, and Europe, with a column for the Total. Each region and the total have corresponding percentage entries depicted as empty boxes where data can be entered. - **Operating Departments**: This is the main category under which the data is organized into different regions. - **Asia, Africa/Australia, Europe**: These are the regional categories under "Operating Departments". - **Total**: This column is meant to display the aggregated percentage from the three regions combined. Each regional column has two rows of blank spaces followed by a percentage symbol where specific data can be entered, suggesting that multiple data points or sets can be inputted. Similarly, the "Total" column has two rows with blank spaces to summarize the data for these regions. This structure indicates the flexibility to input data potentially for comparison or analysis purposes.
Members of the local Oriole club benefit from two key support services provided by Oriole’s global headquarters: (1) social media assistance and (2) member services. The social media department provides 12% of its time to member services, 16% to North/South America groups, 29% to Asia groups, 21% to Africa/Australia groups, and 22% to European groups. The member services department provides 14% of its time to the social media department, 17% to North/South America groups, 17% to Asia, 13% to Africa/Australia, and 39% to Europe. If the step method is used to assign costs from the support departments to the operating units, and if social media is ranked first between the two support departments, what percentage of each support department’s cost will be allocated to each operating/geographic group? *(Round answers for member services to 2 decimal places, e.g. 15.25%.)*

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**Support Departments Allocation Table:**

- **Social Media Department:**
  - Social Media: _____%
  - Member Services: _____%
  - North/South America: _____%
  - Asia: _____%
  - Africa/Australia: _____%
  - Europe: _____%

- **Member Services Department:**
  - Social Media: _____%
  - Member Services: _____%
  - North/South America: _____%
  - Asia: _____%
  - Africa/Australia: _____%
  - Europe: _____% 

This table indicates how costs from the social media and member services support departments are distributed across various geographic regions using the step method.
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Transcribed Image Text:Members of the local Oriole club benefit from two key support services provided by Oriole’s global headquarters: (1) social media assistance and (2) member services. The social media department provides 12% of its time to member services, 16% to North/South America groups, 29% to Asia groups, 21% to Africa/Australia groups, and 22% to European groups. The member services department provides 14% of its time to the social media department, 17% to North/South America groups, 17% to Asia, 13% to Africa/Australia, and 39% to Europe. If the step method is used to assign costs from the support departments to the operating units, and if social media is ranked first between the two support departments, what percentage of each support department’s cost will be allocated to each operating/geographic group? *(Round answers for member services to 2 decimal places, e.g. 15.25%.)* --- **Support Departments Allocation Table:** - **Social Media Department:** - Social Media: _____% - Member Services: _____% - North/South America: _____% - Asia: _____% - Africa/Australia: _____% - Europe: _____% - **Member Services Department:** - Social Media: _____% - Member Services: _____% - North/South America: _____% - Asia: _____% - Africa/Australia: _____% - Europe: _____% This table indicates how costs from the social media and member services support departments are distributed across various geographic regions using the step method.
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