{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T02:11:32-04:00", "answer_date": "2024-06-29 02:11:32", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4446194", "url": "\/study-help\/questions\/homelife-life-insurance-company-has-two-service-departments-actuarial-and-4446194", "question_creation_date_js": "2024-06-29T02:11:32-04:00", "question_creation_date": "Jun 29, 2024 02:11 AM", "meta_title": "[Solved] HomeLife Life Insurance Company has two s | SolutionInn", "meta_description": "Answer of - HomeLife Life Insurance Company has two service departments [actuarial and premium rating) and two production departme | SolutionInn", "meta_keywords": "homelife,life,insurance,company,two,service,departments,actuarial,premium,rating,production,advertising", "question_title_h1": "HomeLife Life Insurance Company has two service departments [actuarial and premium rating) and two production departments {advertising and sales}. The distribution of each service department's", "question_title": "HomeLife Life Insurance Company has two service departments [actuarial and premium rating)", "question_title_for_js_snippet": "HomeLife Life Insurance Company has two service departments actuarial and premium rating) and two production departments advertising and sales The distribution of each service department's efforts (in percentages) to the other departments is shown in the following table To From Actuarial 'PremiumhRatipg Advertibing Sales Actuarial 30 10 10 Premium 25 15 60 The direct operating costs of the departments including both variable and xed costs) are Actuarial $91,000 Premium rating 26,000 Advertising 71,000 Sales 51,000 Required 1 Determine the total costs of the advertising and sales departments aer using the direct method or allocation 2 Determine the total costs of the advertising and sales departments after using the step method of allocation 3 Determine the total costs of the advertising and sales departments after using the reciprocal method of allocation 3 Determine the total costs of the advertising and sales departments after using the reciprocal method of allocation Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Determine the total costs of the advertising and sales departments after using the reciprocal method of allocation (Do not round intermediate calculations Round your final answers to 4 decimal places ) Total Cost Allocated Advertising department Sales department", "question_description": "

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\"image\"image<\/div><\/div><\/div> HomeLife Life Insurance Company has two service departments [actuarial and premium rating) and two production departments {advertising and sales}. The distribution of each service department's efforts (in percentages) to the other departments is shown in the following table; To From -Actuarial 'PremiumhRatipg Advertibing Sales Actuarial 30 % 10% 10% Premium 25 % 15 60 The direct operating costs of the departments [including both variable and xed costs) are: Actuarial $91,000 Premium rating 26,000 Advertising 71,000 Sales 51,000 [ Required: 1. Determine the total costs of the advertising and sales departments aer using the direct method or allocation. 2. Determine the total costs of the advertising and sales departments after using the step method of allocation. 3. Determine the total costs of the advertising and sales departments after using the reciprocal method of allocation. 3. Determine the total costs of the advertising and sales departments after using the reciprocal method of allocation. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total costs of the advertising and sales departments after using the reciprocal method of allocation. (Do not round intermediate calculations. Round your final answers to 4 decimal places.) Total Cost Allocated Advertising department Sales department", "transcribed_text": "", "related_book": { "title": "Principles Of Finance", "isbn": "979-8439388899", "edition": "1st Edition", "authors": "Julie Dahlquist, Rainford Knight", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/6290aa2348f9a_11251.jpg", "uri": "\/textbooks\/principles-of-finance-1st-edition-9798439388899", "see_more_uri": "" }, "free_related_book": { "isbn": "1839820977", "uri": "\/textbooks\/global-migration-entrepreneurship-and-society-1st-edition-9781839820977-9781839820960", "name": "Global Migration Entrepreneurship And Society", "edition": "1st Edition" }, "question_posted": "2024-06-29 02:11:32", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/two-thin-symmetric-glass-lenses-one-biconvex-and-the-other", "description": "Two thin symmetric glass lenses, one biconvex and the other biconcave, are brought into contact to make a system with optical power \u0424 = 0.50 D. 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