Hessel Corporation has two operating departments (Domestic and Global) and three service departments: Human Resources (HR), Legal, and Testing. In the most recent period, the following costs and service department usage ratios were recorded: Supplying Department Human Resources Legal Testing Direct cost From: Human Resources Legal Testing Total Human Resources 0 10% 10% Costs $264,500 Legal Allocated to: Domestic $ 190,000 Using Department Testing 15% 0 0 Global Required: Allocate the service department costs to the two operating departments using the reciprocal method. Note: Do not round intermediate calculations. 10% 0 0 $ 90,000 Domestic 50% 60% 45% $ 543,000 Global 25% 30% 45% $ 492,000

Hessel Corporation has two operating departments (Domestic and Global) and three service departments: Human Resources (HR), Legal, and Testing. In the most recent period, the following costs and service department usage ratios were recorded: Supplying Department Human Resources Legal Testing Direct cost From: Human Resources Legal Testing Total Human Resources 0 10% 10% Costs $264,500 Legal Allocated to: Domestic $ 190,000 Using Department Testing 15% 0 0 Global Required: Allocate the service department costs to the two operating departments using the reciprocal method. Note: Do not round intermediate calculations. 10% 0 0 $ 90,000 Domestic 50% 60% 45% $ 543,000 Global 25% 30% 45% $ 492,000

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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