Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you help with this one? 3} SHAWNS BANK HAS TWO BRANCHES, I'II'IAIN AND COUNTRY. HIS COI'II'I PAN:Ir HAS 3 SERVICE DEPARTMENTS, INFORMATION TECH {IT},

Can you help with this one?

image text in transcribed
3} SHAWNS BANK HAS TWO BRANCHES, I'II'IAIN AND COUNTRY. HIS COI'II'I PAN":Ir HAS 3 SERVICE DEPARTMENTS, INFORMATION TECH {IT}, PERSONNEL AND FINANCE. DATA IS AS FOLLOWS DEPARTMENT COST # IT HOURS # OF EM RLCR'EEs # FINANCE TRAN5 IT $435,000 0 10 33 PERSONNEL $550,000 3333 0 35 FINANCE $343,000 1300 3 0 MAIN $300,000 3500 50 1300 CCILINTRT $335,000 4500 35 1350 TOTALS $3,343,000 11533 103 3313 ALL COSTS ARE ALLOCATED TO THE TWO BRANCHES. IT COST IS ALLOCATED ON # OF IT HOURS. PERSONNEL COST IS ALLOCATED BASED ON # OF PEOPLE FINANCE COSTS ARE ALLOCATED ON # OF FINANCE TRANSACTIONS USING THE DIRECT METHOD WHAT IS THE TOTAL COST THAT WILL BE ALLOCATED TO THE TWO BRANCHES? WHAT IS THE TOTAL COST OF EACH BRANCH

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Governmental And Nonprofit Accounting Theory And Practice

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

9th Edition

0132552728, 9780132552721

More Books

Students also viewed these Accounting questions

Question

Write a note on transfer policy.

Answered: 1 week ago

Question

Discuss about training and development in India?

Answered: 1 week ago

Question

Explain the various techniques of training and development.

Answered: 1 week ago

Question

Explain the various techniques of Management Development.

Answered: 1 week ago

Question

7. One or other combination of 16.

Answered: 1 week ago