Scinapse | Academi..G Top 10 Soft Skills E...8 Universiti Teknologi.All Notes - Evernot... CAS MYUTM Login Page 6 UTMWIFİ > LoginD Sci-Hub: removing..Other beL..SavedHelpSave & ExitCosting iBlondell Legal Services, Limited Liability Company, uses the step-down method to allocate service department costs to operating departments. The firm has twoservice departments, Personnel and Information Technology (IT), and two operating departments, Family Law and Corporate Law. Data concerning thosedepartments follow:Service DepartmentOperating DepartmentInformationCorporate LawTechnology$ 45,491Family Law$ 357,170Personnel$ 49,770$ 360,490Departmental costsEmployees12017615203010015415Personnel costsPersonnel costs are allocated first on the basis of employees and Information Technology costs are allocated second on the basis of Personnel costs.In the first step of the allocation, the amount of Personnel Department cost allocated to the Family Law Department is closest to:Multiple Choice$24,931< Prev4 of 10Next >O ENGXdhp Multiple Choice$24,931$15,660$18,407$18,900< Prev4 of 10......Next >Ps

The departmental costs are allocated using various methods as direct method and step allocation…

Saved Help Save & Ex Costing 6 Blondell Legal Services, Limited Liability Company, uses the step-down method to allocate service department costs to operating departments. The firm has two service departments, Personnel and Information Technology (IT), and two operating departments, Family Law and Corporate Law. Data concerning those departments follow: Operating Department Service Department Information Technology $ 45,491 Family Law $ 357,170 Corporate Law $ 360,490 Personnel $ 49,770 Departmental costs Employees 20 120 176 15 30 100 154 15 Personnel costs Personnel costs are allocated first on the basis of employees and Information Technology costs are allocated second on the basis of Personnel costs. In the first step of the allocation, the amount of Personnel Department cost allocated to the Family Law Department is closest to: Multiple Choice $24,931

Saved Help Save & Ex Costing 6 Blondell Legal Services, Limited Liability Company, uses the step-down method to allocate service department costs to operating departments. The firm has two service departments, Personnel and Information Technology (IT), and two operating departments, Family Law and Corporate Law. Data concerning those departments follow: Operating Department Service Department Information Technology $ 45,491 Family Law $ 357,170 Corporate Law $ 360,490 Personnel $ 49,770 Departmental costs Employees 20 120 176 15 30 100 154 15 Personnel costs Personnel costs are allocated first on the basis of employees and Information Technology costs are allocated second on the basis of Personnel costs. In the first step of the allocation, the amount of Personnel Department cost allocated to the Family Law Department is closest to: Multiple Choice $24,931

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Rutland Business Services (RBS) provides miscellaneous consulting and services to local businesses. In August, RBS worked for three clients. It worked 270 hours for Selden Contracting, 170 hours for Moenhart Insurance, and 230 hours for Englewood Medical Center. RBS bills clients at $560 an hour; its labor costs are $145 an hour. A total of 750 hours were worked in August with 80 hours not billable to clients. Overhead costs of $75,000 were incurred and were assigned to clients on the basis of direct labor-hours. Because 80 hours were not billable, some overhead was not assigned to jobs. RBS had $61,000 in marketing and administrative costs. All transactions were on account. Required: a. What are the revenue and cost per client? b. Prepare an income statement for August. Complete this question by entering your answers in the tabs below. Required A Required B What are the revenue and cost per client? Revenue Labor Overhead Margin Selden Contracting Moenhart Insurance $ Englewood Medical…
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Service Department Charges The centralized computer technology department of Hardy Company has expenses of $320,000. The department has provided a total of 4,000 hours of service for the period. The Retail Division has used 2,750 hours of computer technology service during the period, and the Commercial Division has used 1,250 hours of computer technology service. How much should each division be charged for computer technology department services? Do not round interim calculations. Retail Division $fill in the blank 1 Commercial Division $fill in the blank 2
Q.3.2 Puppy Manufacturers is a dog clothing company with four departments - small clothing, large clothing, administrative services and facilities services. The first two departments are the primary production departments and the latter two departments exist to provide services to the production departments. Top management has decided that, for internal reporting purposes, the cost of service. department operations should be reassigned to the production departments. Administrative service costs are reassigned on the basis of the number of employees and facilities services costs are reassigned based on the amount of floor metreage occupied. The service departments provide services to both production departments as well as each other. Data pertaining to the reassignments for February 2019 are as follows: Department Direct Nr of Square metreage departmental costs employees occupied Small clothing (SC) R350 000 15 175 Large clothing (LC) R300 000 10 125 Administrative R100 000 4 25…
ABC Corporation has three support departments with the following costs and cost drivers: Support Department Cost Cost Driver Graphics Production $200,000 number of copies made Accounting 500,000 number of invoices processed Personnel 400,000 number of employees ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows: Micro Macro Super Revenues $700,000 $850,000 $650,000 Direct operating expenses 50,000 70,000 100,000 Number of copies made 20,000 30,000 50,000 Number of invoices processed 700 800 500 Number of employees 130 145 125 The support department cost that will be allocated to the Macro Division is a.$175,000 b.$130,000 c.$305,000 d.$405,000
1:59 Not Secure – moodle.kent.edu.au Valron Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly Support Producing Department Department Human General FabricatingAssembly Resources Factory Direct $160,000$340,000 $114,600 $93,000 costs Normal activity: Number of employees 60 80 170 Square footage 1000 5,700 13,300 The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. Valron Company uses the direct method of support department cost allocation. Based on the above information, allocation ratios for human resources department cost to fabricating & Assembly department will be : Select one: a. 20% & 60% b. 32% & 68% c. 22% & 58% d. 30% & 40%
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