Orion Analytics Inc. (OAI) has 80 employees, of which 45 are assigned to Division X and 35 are assigned to Division Y. In 2024, the company incurred $480,000 in total fringe benefits cost. Determine the amount of fringe benefits cost to be allocated to Division X and Division Y.
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- Can you help me with accounting questionsIm having an issue with this problem. Thank you!Finch Services Company has 54 employees, 33 of whom are assigned to Division A and 21 to Division B. Finch incurred $327,240 of fringe benefits cost during year 2. Required Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B. Allocated Division Cost A В
- Stuart Services Company has 64 employees, 30 of whom are assigned to Division A and 34 to Division B. Stuart incurred $397,440 of fringe benefits cost during year 2. Determine the amount of the fringe benefits cost to be allocated to Division A and Division B. Division Allocated Cost A BAssume that Central University allocates the total annual building cost of $2,000,000 in the following manner: a. All vacant office space is absorbed by the university and is not allocated to the departments. b. All occupied office space costs are allocated on the basis of actual square footage used by each department. c. All common area costs are allocated on the basis of a department’s practical capacity. Calculate the cost allocated to each department in 2018 under this plan. Do you think the allocation method used here is appropriate? Explain.please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
- 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 TotalSuppose a company spends $100,000 on research and development in 2021. As a result of the products developed, additional revenue is generated over the next five years totaling $600,000. When is the cost of the research and development in 2021 recognized as an expense? Multiple Choice Evenly over the period 2022-2026. Full amount in 2026. Evenly over the period 2021-2025. Full amount in 2021.A company uses charging rates to allocate service department costs to the using departments. The accountant compiled the following information on one of the service departments: If Department K plans to use 1,350 hours of the service departments service in the coming year, how much of the service departments cost is allocated to Department K? a. 3,375 b. 27,300 c. 26,325 d. 23,950
- VishuPhoenix 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 1c. Allocate the two support departments' costs to the two operating departments using the step-down method (Allocate IS first). (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.) Support Departments AS Operating Departments CORP Step-down Method IS GOVT Total Budgeted overhead costs 690,000 $2,100,000 $8,675,000 $12,490,000 $23,955,000 before interdepartment cost allocations Allocation of IS…Hanover Corporation allocates the estimated $210,000 of its human resources department costs to its production and sales departments, since HR supports both in handling recruitment and employee benefits. The costs will be allocated based on the number of employees using the direct method. Information regarding costs and employees follows: • Human Resources Department: 5 employees Production Department: 32 employees Sales Department: 18 employees How much of the human resources department costs will be allocated to the production department?