Lackawanna Community College has three divisions: Liberal Arts, Sciences, and Business Administration. The college's comptroller is trying to decide how to allocate the costs of the Admissions Department, the Registrar's Department, and the Computer Services Department. The comptroller has compiled the following data for the year just ended. Department Annual Cost Admissions $ 118,000 Registrar 197,000 Computer Services 420,000 Division Budgeted Enrollment Budgeted Credit Hours Planned Courses Requiring Computer Work Liberal Arts 1,100 31, 000 12 Sciences 850 28, 750 25 Business Administration 750 22,750 25 Required: 1. Distribute the departmental costs to the college's three divisions based on the allocation base given. 2. Choose the better allocation base for distributing the cost to the following departments:Recuired: Dustroule the depurtmerital costs to the collegels three dwaish based on the allocation bus ghen Chose the betier aliscation base for distr buting the cost to the folowng departments. Complete this question by entering your answers in the tabs below.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Lackawanna Community College has three divisions: Liberal Arts, Sciences, and
Business Administration. The college's comptroller is trying to decide how to
allocate the costs of the Admissions Department, the Registrar's Department,
and the Computer Services Department. The comptroller has compiled the
following data for the year just ended. Department Annual Cost Admissions $
118,000 Registrar 197,000 Computer Services 420, 000 Division Budgeted
Enrollment Budgeted Credit Hours Planned Courses Requiring Computer Work
Liberal Arts 1,100 31,000 12 Sciences 850 28,750 25 Business Administration
750 22,750 25 Required: 1. Distribute the departmental costs to the college's
three divisions based on the allocation base given. 2. Choose the better
allocation base for distributing the cost to the following departments:Recuired:
Dustroule the depurtmerital costs to the collegels three dwaish based on the
allocation bus ghen Chose the betier aliscation base for distr buting the cost to
the folowng departments. Complete this question by entering your answers in
the tabs below.
Transcribed Image Text:Lackawanna Community College has three divisions: Liberal Arts, Sciences, and Business Administration. The college's comptroller is trying to decide how to allocate the costs of the Admissions Department, the Registrar's Department, and the Computer Services Department. The comptroller has compiled the following data for the year just ended. Department Annual Cost Admissions $ 118,000 Registrar 197,000 Computer Services 420, 000 Division Budgeted Enrollment Budgeted Credit Hours Planned Courses Requiring Computer Work Liberal Arts 1,100 31,000 12 Sciences 850 28,750 25 Business Administration 750 22,750 25 Required: 1. Distribute the departmental costs to the college's three divisions based on the allocation base given. 2. Choose the better allocation base for distributing the cost to the following departments:Recuired: Dustroule the depurtmerital costs to the collegels three dwaish based on the allocation bus ghen Chose the betier aliscation base for distr buting the cost to the folowng departments. Complete this question by entering your answers in the tabs below.
Required:
1. Distribute the departmental costs to the college's three divisions based on the allocation base given
2. Choose the better allocation base for distributing the cost to the following departments
Complete this question by entering your answers in the tabs below.
Required: Required 2
Distribute the departmental costs to the college's three divisions based on the allocation base given. (Do not round intermediate
calculations. Round your final answers to the nearest whole dollar)
Department and Allocation Base
Admissions (omen
Registrar (credit hours)
Computer Services (courses requiring computer)
Liberal Arts
Division
Sciences
Business
Administration
Required 2 >
Total Cost
Allocated
S
$
Transcribed Image Text:Required: 1. Distribute the departmental costs to the college's three divisions based on the allocation base given 2. Choose the better allocation base for distributing the cost to the following departments Complete this question by entering your answers in the tabs below. Required: Required 2 Distribute the departmental costs to the college's three divisions based on the allocation base given. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar) Department and Allocation Base Admissions (omen Registrar (credit hours) Computer Services (courses requiring computer) Liberal Arts Division Sciences Business Administration Required 2 > Total Cost Allocated S $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Strategic business units
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education