Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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 Annual Cost $134,000 229,000 484,000 Budgeted Planned Courses Requiring Computer Work 29 41 Budgeted Credit Enrollment Hours 47,000 40,750 34,750 Division Liberal Arts Sciences Business Administration 2,700 1,650 1,550 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 Total Cost Liberal Arts SciencesAdministration Allocated Business Department and Allocation Base Admissions (enrollment) Registrar (credit hours) Computer Services (courses requiring computer)

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

Horngren S Financial And Managerial Accounting The Managerial Chapters

Authors: Tracie L. Miller-Nobles ,Brenda L. Mattison ,Ella Mae Matsumura

4th Edition

0133255433, 978-0133255430

More Books

Students also viewed these Accounting questions

Question

Presentations Approaches to Conveying Information

Answered: 1 week ago