Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check my work Exercise 12-31 Cost Allocation in a College (LO 12-4) Lackawanna Community College has three divisions: Liberal Arts, Sciences, and Business Administration. The

image text in transcribed
image text in transcribed
image text in transcribed
Check my work Exercise 12-31 Cost Allocation in a College (LO 12-4) 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 Ann Cost $121,000 Registrar 203,000 Computer Services 432,000 Admission Division Liberal Arts Science Business Administration Badgeted Budgeted collmont Credit Hours 1,400 34,000 1,000 31,000 900 25,000 Planned Cou Requicing Computer Work 16 20 28 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 ALI 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 Distribute the departmental costs to the college's three divisions based on the allocation base given. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar:) Division Department and Allocation Base Business Liberal Arts Total Cost Sciences Administration Allocated Admissions (enrollment) 0 Registrar (credit houn) Computer Services (courses requiring computer) Regie: Required 2 > 0 0

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

Corporate Audit Scams A Threat To Corporate Governance

Authors: Sachi Kheskani

1st Edition

3659490148, 978-3659490149

More Books

Students also viewed these Accounting questions