Homework: Chapter 15 - X 55 points Save Data table 1s) and two operating SUPPORT OPERATING AS IS GOVT CORP Total s department first). The results of the allocations Phoenix Partners provides management consulting departments-government consulting (GOVT) and (Click the icon to view the cost records.) The two support departments' costs have been alle are as follows: (Click the icon to view the direct method.) (Click the icon to view the step-down method (Click the icon to view a summary of the three Required $ 600,000 S 2,400,000 $ 8,750,000 $ 12,452,000 $ 24,208,000 Budgeted overhead costs before any interdepartment cost allocations Support work supplied by AS (budgeted head count) Support work supplied by IS (budgeted computer time) 0 25% 40% 35% 100% 1094 D 30% 60% 100% Print Done Step-down method (IS first) - X Terererice Support Departments AS IS Operating Departments GOVT CORP GOVT CORP Total Step-down Method Budgeted overhead costs before interdepartment cost allocations S Direct method Step-down (AS first) Step-down (IS first) 1,120,000 S 1,090,000 600.000 $ 2,400,000 S 8,756,000 S 12,452,000 S 24,208,000 240.000 12,400,000) 720,000 1,440,000 0 1,880,000 1.910.000 1,632.000 Allocation of IS costs 1,168,000 $ 840,000 $ (840.000 448,000 392,000 Allocation of AS costs Total budgeted overhead of operating departments $ 0 S 9,924,000 S 14,284,000 S 24,200,000 Print Done ( Print Done Clear all Check answer = Home - - X 4%, 40.7 of 55 points 26 of 10 Save Direct method ption systems (S) and two operating Phoenix Partn departments (Click the The two suppo OPPO are as follows: (Click the Support Departments AS IS Operating Departments GOVT CORP Total bwn method (IS department first). The results of the allocations $ Direct Method Budgeted overhead costs before interdepartment cost allocations Allocation of AS costs Allocation of Is costs Total budgeted overhead of operating departments 600,000 $ 2,400,000 S 8,756,000 S 12,452,000 S 24,208,000 (600,000) 320,000 280,000 (2,400,000) 800,000 1,600,000 (Click the Click the Required $ 0 $ OS 9,876,000 S 14,332,000 $ 24,208,000 S - X Step-down method (IS first) Requirement First, determin AS = 5600,000 Support Departments AS IS Operating Departments GOVT CORP Total Step-down Method Budgeted overhead costs before interdepartment cost allocations IS = $2,400,000 S Allocation of IS costs Now, allocate the support final answers to the neare 600,000 S 2,400,000 $ 8,756,000 $ 12,452,000 $ 24,208,000 240,000 (2.400.000) 720,000 1.440,000 S S 0 840,000 (840,000) 448,000 392,000 I , calculations to three decimal places, XXX, and your S Allocation of AS costs Total budgeted overhead of operating departments S 0 $ 9,924,000 $ 14,284,000 $ 24,208,000 Reciprocal Method Budgeted overhead cost cost allocations Allocation of AS costs Allocation of IS costs T-LILL Print Done Help me solve this Clear all Check answer Phoenix Partners provides management consulting services to government and corporate clients. Phoenix has two support departments administrative services (AS) and information systems (15)and two operating departments government consulting (GOVT) and corporate consulting (CORP). For the first quarter of the year, Phoenix's cost records indicate the following: (Click the icon to view the cost records.) The two support departments' costs have been allocated to the two operating departments using the direct method and the step-down method (AS department first) and the step-down method (IS department first). The results of the allocations are as follows: (Click the icon to view the direct method.) (Click the icon to view the step-down method (AS first).) (. (Click the icon to view the step-down method (IS first).) (Click the icon to view a summary of the three methods.) Required Requirement ia. Allocate the two support departments COSIS to nie two operaung departments using the reciprocal menoa. First, determine the linear equations for each support department AS S600,000 + 0.10 IS IS = $2,400,000 + 0.25 AS Now, allocate the support departments' costs (AS and IS department costs that you determined in the prior step) to the two operating departments using the reciprocal method. (Round decimal calculations to three decimal places, XXX, and your final answers to the nearest whole dollar. Use parentheses or a minus sign when decreasing departments by allocating costs. Enter a "O" for any zero balances.) Support Departments Operating Departments Reciprocal Method AS IS GOVT CORP Total Budgeted overhead costs before interdepartment cost allocations $ 600,000 S 2.400.000 $ 8,756,000 $12.452.000 $24, 208,000 Allocation of AS costs (861,538) 215,385 344,615 301,538 Allocation of IS costs 261,538 (2.615,385) 784.616 1,569.231 Total budgeted overhead of operating OS departments 0 $ 9,885.232 $ 14,322,770 $24.208.000 S Help me solve this Etext pages Get more help Clear all Check answer Phoenix Partners provides management consulting services to government and corporate clients. Phoenix has two support departments administrative services (AS) and information systems (15and two operating departments-government consulting (GOVT) and corporate consulting (CORP). For the first quarter of the year, Phoenix's cost records indicate the following: (Click the icon to view the cost records.) The two support departments' costs have been allocated to the two operating departments using the direct method and the step-down method (AS department first) and the step-down method (IS department first). The results of the allocations are as follows: (Click the loon to view the direct method.) (Click the icon to view the step-down method (AS first).) (Click the icon to view the step-down method (IS first).) (Click the icon to view a summary of the three methods.) Required Requirement 1b. Allocate the two support departments' costs to the two operating departments using the reciprocal method. Use repeated iterations. (Round your final answers to the nearest whole dollar. Use parentheses or a minus sign when decreasing depariments by allocating costs. Enter a "O" for any zero balances.) Support Departments Operating Departments Reciprocal Method AS IS CORP Total Budgeted overhead costs before interdepartment cost allocations GOVT First allocation of AS costs First allocation of IS costs Second allocation of AS costs Second allocation of IS costs Third allocation of AS costs Third allocation of IS costs Fourth allocation of AS costs Help me solve this Etext pages Get more help. Clear all Check answer Phoenix Partners provides management consulting services to goverment and corporate clients. Phoenix has two support departments administrative services (AS) and information systems (IS) and two operating departments-government consulting (GOVT) and corporate consulting (CORP). For the first quarter of the year, Phoenix's cost records indicate the following: (Click the icon to view the cost records.) The two support departments' costs have been allocated to the two operating departments using the direct method and the step-down method (AS department first) and the step-down method (IS department first). The results of the allocations are as follows: - Click the icon to view the direct method.) (Click the icon to view the step-down method (AS first).) (Click the icon to view the step-down method (IS first).) Click the icon to view a summary of the three methods.) Required cost allocations First allocation of AS costs First allocation of IS costs Second allocation of AS costs Second allocation of Is costs Third allocation of AS costs Third allocation of IS costs Fourth allocation of AS costs Fourth allocation of IS costs Fifth allocation of AS costs Fifth allocation of IS costs Total budgeted overhead of operating departments Help me solve this Etext pages Get more help ( Clear all Check