University of Tampa offers high-quality undergraduate-level programs. UT has two principal operating departments, College of Business and Sciences, and two support departments, Facility Services and Admissions. The base used to allocate facility services is budgeted total maintenance hours. The base used to allocate admissions costs is number of credit hours for a department. The Facility Services budget is $280,000, while Admissions budget is $450,000. Interdepartmental usage is as follows: Services Provided: (Annually) Facilities Admissions Facilities 0 - 1,500 (in hours) Admissions 1,000 COB Sciences 3,500 5,000 15,000 9,000 (in credit hrs) Use the Reciprocal method to allocate support department costs. What amount of Admissions support costs will be allocated to COB?

University of Tampa offers high-quality undergraduate-level programs. UT has two principal operating departments, College of Business and Sciences, and two support departments, Facility Services and Admissions. The base used to allocate facility services is budgeted total maintenance hours. The base used to allocate admissions costs is number of credit hours for a department. The Facility Services budget is $280,000, while Admissions budget is $450,000. Interdepartmental usage is as follows: Services Provided: (Annually) Facilities Admissions Facilities 0 - 1,500 (in hours) Admissions 1,000 COB Sciences 3,500 5,000 15,000 9,000 (in credit hrs) Use the Reciprocal method to allocate support department costs. What amount of Admissions support costs will be allocated to COB?

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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