Required information Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department. The bank has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the two service departments' output for the year is as follows: User of Service HR Computing Deposit Loan HR Computing The budgeted costs in the two service departments for the year are as follows: Provider of Service Provider of Service HR HR Computing Total 0 10% 70% 20% Deposit Required: Use the direct method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments. Note: Do not round intermediate calculations. $ 171,000 232,900 Computing 15% 0 50% 35% Loan
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Subject- account


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