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 colleges comptroller is trying to decide how to allocate the costs of

Lackawanna Community College has three divisions: Liberal Arts, Sciences, and Business Administration. The colleges comptroller is trying to decide how to allocate the costs of the Admissions Department, the Registrars Department, and the Computer Services Department. The comptroller has compiled the following data for the year just ended. Department Annual Cost Admissions $ 135,000 Registrar 231,000 Computer Services 488,000 Division Budgeted Enrollment Budgeted Credit Hours Planned Courses Requiring Computer Work Liberal Arts 2,800 48,000 30 Sciences 1,700 41,500 43 Business Administration 1,600 35,500 42 Required:

1. Distribute the departmental costs to the colleges three divisions based on the allocation base given.

image text in transcribed

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 Liberal Arts Sciences Business Administration Total Cost Allocated $ 0 Department and Allocation Base Admissions (enrollment) Registrar (credit hours) Computer Services (courses requiring computer) $ 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_2

Step: 3

blur-text-image_3

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

Managerial Accounting

Authors: Linda Smith Bamber, Karen Wilken Braun, Jr. Harrison, Walter T.

1st Edition

0138129711, 978-0138129712

More Books

Students also viewed these Accounting questions

Question

Gay, lesbian, bisexual, and transgender issues in sport

Answered: 1 week ago