Please do not give solution in image format thanku Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two operatingdepartments, Publishing and Binding. Management has decided to allocate IT costs on the basis of IT Tickets (issued with each ITrequest) In each department and HR costs on the basis of employees in each department.The following data appear in the company records for the current period:IT ticketsEmployeesDepartment direct costsa. The order of allocation starts with IT.b. The order of allocation starts with HR.Required ARequired BITRequired:Use the step method to allocate the service costs, using the following:016$ 150,000From:Service department costsITHRTotal costsComplete this question by entering your answers in the tabs below.ITHR1,500$ 247,5000 SUse the step method to allocate the service costs, using the following:The order of allocation starts with IT.Note: Amounts to be deducted should be indicated by a minus sign. Do not round intermediate calculations.< Required APublishing2,40024$ 430,000Cost Allocation To:HRPublishing0 $0 SBindingBinding2,10048$ 390,000Required B > Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two operatingdepartments, Publishing and Binding. Management has decided to allocate IT costs on the basis of IT Tickets (issued with each ITrequest) in each department and HR costs on the basis of employees in each department.The following data appear in the company records for the current period:IT ticketsEmployeesDepartment direct costsa. The order of allocation starts with IT.b. The order of allocation starts with HR.Required BRequired:Use the step method to allocate the service costs, using the following:From:Service department costsHRITTotal costsIT016$ 150,000Complete this question by entering your answers in the tabs below.$HRHR1,500$ 247,500Required AUse the step method to allocate the service costs, using the following:The order of allocation starts with HR.Note: Amounts to be deducted should be indicated by a minus sign. Do not round intermediate calculations.OS< Required APublishing2,40024$430,000Cost Allocation To:ITPublishing0 $OSBindingBindingRequired B >2,10040$ 390,000

Step method of allocating cost - is one of the methods in methods of cost allocation is based on the…

Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two operating departments, Publishing and Binding. Management has decided to allocate IT costs on the basis of IT Tickets (issued with each IT request) in each department and HR costs on the basis of employees in each department The following data appear in the company records for the current period: IT tickets Employees Department direct costs a. The order of allocation starts with IT. b. The order of allocation starts with HR. e Required: Use the step method to allocate the service costs, using the following: From: Service department costs IT HR Total costs $ 16 $ 150,000 $ 247,500 Complete this question by entering your answers in the tabs below. IT HR 1,500 Required A Required B Use the step method to allocate the service costs, using the following: The order of allocation starts with IT. Note: Amounts to be deducted should be indicated by a minus sign. Do not round intermediate calculations. OS Publishing 2,400 24 $430,000 Cost Allocation To: HR < Required A Publishing $ Binding Binding Required B > 2,100 $ 390,000

Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two operating departments, Publishing and Binding. Management has decided to allocate IT costs on the basis of IT Tickets (issued with each IT request) in each department and HR costs on the basis of employees in each department The following data appear in the company records for the current period: IT tickets Employees Department direct costs a. The order of allocation starts with IT. b. The order of allocation starts with HR. e Required: Use the step method to allocate the service costs, using the following: From: Service department costs IT HR Total costs $ 16 $ 150,000 $ 247,500 Complete this question by entering your answers in the tabs below. IT HR 1,500 Required A Required B Use the step method to allocate the service costs, using the following: The order of allocation starts with IT. Note: Amounts to be deducted should be indicated by a minus sign. Do not round intermediate calculations. OS Publishing 2,400 24 $430,000 Cost Allocation To: HR < Required A Publishing $ Binding Binding Required B > 2,100 $ 390,000

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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