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Compute: direct method and step method

Compute: direct method and step method

FINANCIAL ACCOUNTING
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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the book I use for study: Horngren's Cost Accounting: A Managerial Emphasis, 16th edition, Global Edition. Questions in image Request Compute: direct method and step method
Mitra Permata Hati Clinic is a non-profit organization, building clinics for children from underprivileged families. This institution receives donations from the community and local government for its operations. The local government asked the clinic manager to make a financial report regarding the funds received from the local government budget. Available data: DESCRIPTION FOH Cost Square feet Employees Operating Department Medical Dental $ 200,000 $80,000 8,000 1,000 5 3 Support Department Administration $ 80,000 900 Housekeeping $ 40,000 100 2 The Administration Department will be allocated based on the number of employees while the Housekeeping Department will be allocated based on square feet. It is assumed that the Medical Department treats 12,000 patients and the Dental Department treats 10,000 patients.
Transcribed Image Text:Mitra Permata Hati Clinic is a non-profit organization, building clinics for children from underprivileged families. This institution receives donations from the community and local government for its operations. The local government asked the clinic manager to make a financial report regarding the funds received from the local government budget. Available data: DESCRIPTION FOH Cost Square feet Employees Operating Department Medical Dental $ 200,000 $80,000 8,000 1,000 5 3 Support Department Administration $ 80,000 900 Housekeeping $ 40,000 100 2 The Administration Department will be allocated based on the number of employees while the Housekeeping Department will be allocated based on square feet. It is assumed that the Medical Department treats 12,000 patients and the Dental Department treats 10,000 patients.
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