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s: HR and IT. of each of the departments are below. HR time is measure asured by claim tickets.

s: HR and IT. of each of the departments are below. HR time is measure asured by claim tickets.

FINANCIAL ACCOUNTING
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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Clockwork and Watches are departments of a company called It's Time. Clockwork and Watches are the operating departments of the company, but there are two support departments: HR and IT. The budgets of each of the departments are below. HR time is measured by # of employees, and IT is measured by claim tickets. IT Budget $100,000 10 Employees Claim Tickets HR $50,000 25 Clockworks $500,000 50 40 Watches $400,000 40 40 Allocate the support department costs to the operating departments using the Direct Method.
Transcribed Image Text:Clockwork and Watches are departments of a company called It's Time. Clockwork and Watches are the operating departments of the company, but there are two support departments: HR and IT. The budgets of each of the departments are below. HR time is measured by # of employees, and IT is measured by claim tickets. IT Budget $100,000 10 Employees Claim Tickets HR $50,000 25 Clockworks $500,000 50 40 Watches $400,000 40 40 Allocate the support department costs to the operating departments using the Direct Method.
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