Quiz_ Case Study 5.pdf update.

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Valencia College *

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Accounting

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Feb 20, 2024

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Case Study 5 Started: Oct 20 at 12:17pm Quiz Instructions Proceed to answer the case study questions by starting this assignment. You are allowed multiple attempts, latest response will be kept so that you can work on the case until the due date. 2 pts Question 1 p 102 words Briefly describe the differences in the direct method and step down allocation methods discussed in the case. What are the pros and cos of each? Pros The direct method makes it the easiest to apply but the weakest conceptual The step-down is to provide the next highest number of services to another support department. Cons The direct method does not support department services that are not recognized even though such services exist. The step-down does not have an opportunity to allocate support costs back to the departments that have already closed. </> 1 pts Question 2 Edit View Insert Format Tools Table 12pt Paragraph
1,241,993 What is the Medicine department's profit (in $) using the direct allocation method, with the base case cost amounts (exhibit 7.1) and allocation rates (exhibit 7.2). 1 pts Question 3 1,070,261 What is the Obstetrics department's profit (in $) using the direct allocation method, with the base case cost amounts (exhibit 7.1) and allocation rates (exhibit 7.2). 1 pts Question 4 512,255 What is the Pediatric department's profit (in $) using the direct allocation method, with the base case cost amounts (exhibit 7.1) and allocation rates (exhibit 7.2). 1 pts Question 5 What is the Medicine department's profit (in $) using the step down allocation method, with the base case cost amounts (exhibit 7.1) and allocation rates (exhibit 7.2).
No new data to save. Last checked at 12:21pm 1,230,409 1 pts Question 6 996,784 What is the Obstetrics department's profit (in $) using the step down allocation method, with the base case cost amounts (exhibit 7.1) and allocation rates (exhibit 7.2). 1 pts Question 7 427,193 What is the Pediatric department's profit (in $) using the step down allocation method, with the base case cost amounts (exhibit 7.1) and allocation rates (exhibit 7.2). Submit Quiz
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