Swifty's Medical operates three support departments and two operating units, Surgery and ER. The support departments are allocated based on the hours used. The cost of operating the accounting (acct), administration (admin), and human resources (HR) departments is $269500, $157800, and $74100, respectively. Information on the hours used are as follows: Hours in Acct Hours in Admin Hours in HR Acct $7470. $7779. $0. $5870. 16 8 Admin 20 4 HR 48 8 Surgery 360 120 65 ER 220 80 130 What amount of costs would be allocated from the HR department to the other support departments (Acct and Admin) using the reciprocal method to allocate costs? (Do not round the intermediate calculations.)

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

please do not answer handwritten thnku

Current Attempt in Progress
Swifty's Medical operates three support departments and two operating units, Surgery and ER. The support departments are allocated
based on the hours used. The cost of operating the accounting (acct), administration (admin), and human resources (HR) departments
is $269500, $157800, and $74100, respectively. Information on the hours used are as follows:
Hours in Acct
Hours in Admin
Hours in HR
Acct
$7470.
$7779.
$0.
$5870.
16
8
Admin
20
4
HR
48
8
Surgery ER
360
120
65
220
80
130
What amount of costs would be allocated from the HR department to the other support departments (Acct and Admin) using the
reciprocal method to allocate costs? (Do not round the intermediate calculations.)
Transcribed Image Text:Current Attempt in Progress Swifty's Medical operates three support departments and two operating units, Surgery and ER. The support departments are allocated based on the hours used. The cost of operating the accounting (acct), administration (admin), and human resources (HR) departments is $269500, $157800, and $74100, respectively. Information on the hours used are as follows: Hours in Acct Hours in Admin Hours in HR Acct $7470. $7779. $0. $5870. 16 8 Admin 20 4 HR 48 8 Surgery ER 360 120 65 220 80 130 What amount of costs would be allocated from the HR department to the other support departments (Acct and Admin) using the reciprocal method to allocate costs? (Do not round the intermediate calculations.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
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