Members of the local Oriole club benefit from two key support services provided by Oriole's global headquarters: (1) social media assistance and (2) member services. The social media department provides 12% of its time to member services, 16% to North/South America groups, 29% to Asia groups, 21% to Africa/Australia groups, and 22% to European groups. The member services department provides 14% of its time to the social media department, 17% to North/South America groups, 17% to Asia, 13% to Africa/Australia, and 39% to Europe. If the step method is used to assign costs from the support departments to the operating units, and if social media is ranked first between the two support departments, what percentage of each support department's cost will be allocated to each operating/geographic group? (Round answers for member services to 2 decimal places, e.g. 15.25%.)

Members of the local Oriole club benefit from two key support services provided by Oriole's global headquarters: (1) social media assistance and (2) member services. The social media department provides 12% of its time to member services, 16% to North/South America groups, 29% to Asia groups, 21% to Africa/Australia groups, and 22% to European groups. The member services department provides 14% of its time to the social media department, 17% to North/South America groups, 17% to Asia, 13% to Africa/Australia, and 39% to Europe. If the step method is used to assign costs from the support departments to the operating units, and if social media is ranked first between the two support departments, what percentage of each support department's cost will be allocated to each operating/geographic group? (Round answers for member services to 2 decimal places, e.g. 15.25%.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Indra Nooyi, the former CEO of PepsiCo describes how she led an effort to the company being a "better corporate citizen." She advises other companies who wish to adopt a "Performance with Purpose" approach to consider all of the following except: Ensure the company's board of directors support the intiative. O Hire a Chief Sustainability Officer to oversee all aspects of the initiative. O Adapt the strategy to accommodate the needs of local markets. O Form partnerships and coalitions with NGOS and other companies.
With over 95,000 employees on five continents, Germany-based BASF is a majorinternational company. It operates in a variety of industries, including agriculture, oil andgas, chemicals, and plastics. In an attempt to increase value, BASF launched BASF2015, a comprehensive plan that included all functions within the company andchallenged and encouraged all employees to act in an entrepreneurial manner. Themajor financial component of the strategy was that the company expected to earn itsweighted average cost of capital, or WACC, plus a premium. So, what exactly is theWACC? The WACC is the minimum return a company needs to earn to satisfy all of itsinvestors, including stockholders, bondholders, and preferred stockholders. In 2007, forexample, BASF pegged its WACC at 9 percent, and it increased this figure to 10percent in 2008.You have recently been appointed company secretary to Finozest Solutions PLC andhave been asked by the Managing Director (MD) to estimate the company’s…
Extract from Oracle Bank Balanced Score Card (BSC) is shown below: Performance measure Financial perspective Return on Capital Employed (ROCE) Interest income Net interest margin (margin achieved on interest income) Amount of new lending to SMEs Customer perspective Number of first-time home buyer given a mortgage by the Oracle bank Number of complaints (per 1000 customers) Number of talking cashpoints installed for the visually impaired Number of wheelchair ramps installed in branches Internal processes Number of business processes within the people's bank re-engineered and simplified Number of new services made available through mobile banking Incidences of fraud on customer's accounts or credit cards (per 1,000 customer) Total carbon dioxide emission (units) Learning and growth Number of colleagues trained to provide advice to SMEs Number of hours (paid for by the oracle bank) used to support community project Number of trainee positions taken up by candidates from most…
Gadubhai
Vikram
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
tealesxille Sanctuary is a family-owned and operated wildlife park located in Melbourne. Healesville Sanctuary has more than 150 animal species, some of which are loaned from overseas animal parks. Healesville Sanctuary has two divisions for selling merchandise: a retail operation that sells food, beverages, shirts, souvenirs and other novelties to visitors within the park, and a wholesale operation that sells toys to department stores. The following management figures are relevant for the year ended 30 June 2020: Total assetS 69 120 000 Total current assets 34 560 000 Inventories 28 800 000 Net assets 51 840 000 Profit after income tax 9 792 000 The company tax rate is 30 per cent. During the conduct of the audit, the following items of interest were noted by the audit team: Due to an electrical contractor accidentally drilling through a power cable, all invoices for items sold through tealesxille sanctuary's wholesale operations on 22 and 23 June had to be manually prepared. Many of…
answer in text form please (without image)
Music Teachers, Incorporated, is an educational association for music teachers that has 20,300 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association's magazine, Teachers' Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing professional education credit. The association's statement of revenues and expenses for the current year is presented below. Revenues Expenses: Salaries Music Teachers, Incorporated Statement of Revenues and Expenses For the Year Ended November 30 $ 3,354,300 Personnel costs Occupancy costs Reimbursement of member costs to local chapters Other membership services Printing and paper Postage and shipping Instructors' fees General…
purchase products seamlessly in stores, online, or through mobile devices. Most of its opera- Target Corporation operates in a single business segment that is designed to enable guests to tions are in the United States. Walmart is engaged in the operation of retail, wholesale, and other units located throughout the United States, Africa, Argentina, Brazil, Canada, Central America, Chile, China, India, Japan, Mexico, and the United Kingdom. The Company's operations are conducted in three reportable segments: Walmart U.S., Walmart International, and Sam's Club. CASES C11-1 Target Corporation and Walmart Stores, Inc.: Identifying depreciation dif- ferences and performing financial statement analysis (LO 11-8)
Phoenix Partners provides management consulting services to government and corporate clients. Phoenix has two support departments administrative services (AS) and information systems (IS) and two operating departments-government consulting (GOVT) and corporate consulting (CORP). For the first quarter of 2020, Phoenix's cost records indicate the following: (Click the icon to view the cost records.) Read the requirements. Requirement 1a. Allocate the two support departments' costs to the two operating departments using the direct method. (Do not round intermediary calculations and round your final answers to the nearest whole dollar. Use parentheses or a minus sign when decreasing departments by allocating costs. Enter a "0" for any zero balances.) Operating Departments Support Departments AS GOVT CORP Direct Method Budgeted overhead costs before interdepartment cost allocations Allocation of AS costs Allocation of IS costs Total budgeted overhead of operating departments …………. IS Total
Acting and Reporting on Sustainability Sustainability and the environment are topics of increasing importance in business and society today. Locate an article that profiles an organization from one of the sectors we have studied in this course (governments, not-for-profit organizations, and colleges or universities) and how that organization is addressing and reporting their activities related to sustainability. What can you learn about the organization’s commitment to sustainability from their financial statements and reporting? (Note: This may require more research than just one article.) Compare your findings to those of your classmates. What conclusions can you draw from the information shared?