Allocate the budgeted costs of the library and computing services department to the college’s liberal arts and science departments using the direct method.

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Answer 1

Question

Chapter 17, Problem 15E

1.

To determine

Allocate the budgeted costs of the library and computing services department to the college’s liberal arts and science departments using the direct method.

2.

To determine

Prepare an excel sheet for the given detail in requirement (1), assume that the budgeted costs of the library and computing services are $590,000 and $280,000, respectively.

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Lackawanna Community College has three divisions: Liberal Arts, Sciences, and Business Administration. The college's comptroller is trying to decide how to allocate the costs of the Admissions Department, the Registrar's Department, and the Computer Services Department. The comptroller has compiled the following data for the year just ended. Department Admissions Registrar Computer Services Division Liberal Arts Annual Cost $136,000 233,000 492,000 Sciences Business Administration Budgeted Budgeted Enrollment Credit Hours 2,900 1,750 1,650 49,000 42,250 36,250 Required: 1. Distribute the departmental costs to the college's three divisions based on the allocation base given. 2. Choose the better allocation base for distributing the cost to the following departments: Department and Allocation Base Planned Courses Requiring Computer Work Complete this question by entering your answers in the tabs below. Admissions (enrollment) Registrar (credit hours) Computer Services (courses requiring…

Hudson Community College enrolls students in two departments, Liberal Arts and Sciences. The college also has two service departments, the Library and the Computing Services Department. The usage of these two service departments' output for the year is as follows: User of Service Library Computing Services Liberal Arts Sciences Library Computing Services Provider of Service Computing Library Services 10% The budgeted costs in the two service departments for the year are as follows: Provider of Service 60% 40% Library Computing Services Total $700,000 270,000 Required: 1. Use the direct method to allocate the budgeted costs of the Library and Computing Services Department to the college's Liberal Arts and Sciences departments. (Do not round intermediate calculations.) 20% 70% Liberal Arts Sciences

Lackawanna Community College has three divisions: Liberal Arts, Sciences, and Business Administration. The college's comptroller is trying to decide how to allocate the costs of the Admissions Department, the Registrar's Department, and the Computer Services Department. The comptroller has compiled the following data for the year just ended. Department Admissions Annual Cost $118,000 Registrar Computer Services 197,000 420,000 Planned Courses Budgeted Enrollment Budgeted Credit Hours Requiring Computer Work 12 es Division Liberal Arts Sciences Business Administration 1,100 850 31,000 28,750 22,750 25 750 25 Required: 1. Distribute the departmental costs to the college's three divisions based on the allocation base given. 2. Choose the better allocation base for distributing the cost to the following departments: Complete this question by entering your answers in the tabs below. Required 1 Required 2 1 of 7 Next > Prev

Answer 2

Question

Chapter 17, Problem 15E

1.

To determine

Allocate the budgeted costs of the library and computing services department to the college’s liberal arts and science departments using the direct method.

2.

To determine

Prepare an excel sheet for the given detail in requirement (1), assume that the budgeted costs of the library and computing services are $590,000 and $280,000, respectively.

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Answer 3

Question

Chapter 17, Problem 15E

1.

To determine

Allocate the budgeted costs of the library and computing services department to the college’s liberal arts and science departments using the direct method.

2.

To determine

Prepare an excel sheet for the given detail in requirement (1), assume that the budgeted costs of the library and computing services are $590,000 and $280,000, respectively.

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Answer 4

Question

Chapter 17, Problem 15E

1.

To determine

Allocate the budgeted costs of the library and computing services department to the college’s liberal arts and science departments using the direct method.

2.

To determine

Prepare an excel sheet for the given detail in requirement (1), assume that the budgeted costs of the library and computing services are $590,000 and $280,000, respectively.

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Answer 5

Chapter 17, Problem 15E

1.

To determine

Allocate the budgeted costs of the library and computing services department to the college’s liberal arts and science departments using the direct method.

2.

To determine

Prepare an excel sheet for the given detail in requirement (1), assume that the budgeted costs of the library and computing services are $590,000 and $280,000, respectively.

Answer 6

Chapter 17, Problem 15E

1.

To determine

Allocate the budgeted costs of the library and computing services department to the college’s liberal arts and science departments using the direct method.

Answer 7

Chapter 17, Problem 15E

1.

To determine

Allocate the budgeted costs of the library and computing services department to the college’s liberal arts and science departments using the direct method.

Answer 8

2.

To determine

Prepare an excel sheet for the given detail in requirement (1), assume that the budgeted costs of the library and computing services are $590,000 and $280,000, respectively.

Answer 9

2.

To determine

Prepare an excel sheet for the given detail in requirement (1), assume that the budgeted costs of the library and computing services are $590,000 and $280,000, respectively.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 17 - Prob. 1RQ Ch. 17 - Prob. 2RQ Ch. 17 - Should actual or budgeted service department costs...Ch. 17 - Prob. 4RQ Ch. 17 - Why does dual cost allocation improve the...Ch. 17 - What potential behavioral problem can result when...Ch. 17 - Should actual or budgeted service department costs...Ch. 17 - Explain the difference between two-stage...Ch. 17 - Define the following terms: joint production...Ch. 17 - Prob. 10RQ

Allocate the budgeted costs of the library and computing services department to the college’s liberal arts and science departments using the direct method.

Solution Summary: The author explains how to allocate the budgeted costs of the library and computing services department to the college's liberal arts and science departments using the direct method.

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Allocate the budgeted costs of the library and computing services department to the college’s liberal arts and science departments using the direct method.

Prepare an excel sheet for the given detail in requirement (1), assume that the budgeted costs of the library and computing services are $590,000 and $280,000, respectively.

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Chapter 17 Solutions