**Allocation of Resources at Gotham University**Gotham University offers exclusive high-tech graduate programs with two main operating departments: Engineering and Computer Sciences. Additionally, the university includes two support departments: Facility and Technology Maintenance (FTM) and Enrollment Services (ES). ### Allocation Overview:- **Facility and Technology Maintenance Base**: Total maintenance hours.- **Enrollment Services Base**: Credit hours for a department.### Budget:- **Facility and Technology Maintenance**: $350,000.- **Enrollment Services**: $950,000.### Annual Services Provided:| **Budget** | **Engineering** | **Computer Sciences** | **F&T Maintenance** | **Enrollment Service** ||------------------------|-----------------|-----------------------|---------------------|------------------------|| **Engineering** | $3,500,000 | | | || **Computer Sciences** | $1,400,000 | | | || **F&T Maintenance** | | 2,000 hours | 1,000 hours | Zero | 5,000 hours || **Enrollment Service** | | 24,000 credit hrs | 36,000 credit hrs | 2,000 credit hrs | Zero |### Required:Determine the total costs for each department by solving the equations through the reciprocal method.- **Abbreviations**: - Engineering: Eng - Computer Sciences: CS - Facility and Technology Maintenance: FTM - Enrollment Service: ESThis data assists in understanding the financial allocations necessary to maintain and support key operations within Gotham University.

The method in which the costs are allocated using the algebraic equations is reciprocal method of…

14) Gotham University offers only high-tech graduate-level programs. Gotham has two principal operating departments, Engineering and Computer Sciences, and two support departments, Facility and Technology Maintenance and Enrollment Services. The base used to allocate facility and technology maintenance is budgeted total maintenance hours. The base used to allocate enrollment services is number of credit hours for a department. The Facility and Technology Maintenance budget is $350,000, while the Enrollment Services budget is $950,000. The following chart summarizes budgeted amounts and allocation-base amounts used by each department: Services Provided: (Annually) Computer F&T Enrollment Budget Engineering Sciences Maintenance Service Engineering Computer Sciences F&T Maintenance (in hours) Enrollment Service (in credit hrs) $3,500,000 $1,400,000 $350,000 2,000 1,000 Zero 5,000 $950,000 24,000 36,000 2,000 Zero Required: Determine total costs for each department by solving the equations using the reciprocal method. (Engineering= Eng; Computer Sciences CS; Facility and Technical Maintenance = FTM; Enrollment Service = ES)

14) Gotham University offers only high-tech graduate-level programs. Gotham has two principal operating departments, Engineering and Computer Sciences, and two support departments, Facility and Technology Maintenance and Enrollment Services. The base used to allocate facility and technology maintenance is budgeted total maintenance hours. The base used to allocate enrollment services is number of credit hours for a department. The Facility and Technology Maintenance budget is $350,000, while the Enrollment Services budget is $950,000. The following chart summarizes budgeted amounts and allocation-base amounts used by each department: Services Provided: (Annually) Computer F&T Enrollment Budget Engineering Sciences Maintenance Service Engineering Computer Sciences F&T Maintenance (in hours) Enrollment Service (in credit hrs) $3,500,000 $1,400,000 $350,000 2,000 1,000 Zero 5,000 $950,000 24,000 36,000 2,000 Zero Required: Determine total costs for each department by solving the equations using the reciprocal method. (Engineering= Eng; Computer Sciences CS; Facility and Technical Maintenance = FTM; Enrollment Service = ES)

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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