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Percentage of Service Used by Department Direct Costs Admin. Human Resources Accounting Checking Savings Loans Administration $540,000 10 10 30 40 10 Human resources 360,000
| Percentage of Service Used by | |||||||
|---|---|---|---|---|---|---|---|
| Department | Direct Costs | Admin. | Human Resources | Accounting | Checking | Savings | Loans |
| Administration | $540,000 | 10 | 10 | 30 | 40 | 10 | |
| Human resources | 360,000 | 10 | 10 | 30 | 20 | 30 | |
| Accounting | 300,000 | 10 | 10 | 40 | 20 | 20 | |
| Checking | 630,000 | ||||||
| Savings | 337,500 | ||||||
| Loans | 675,000 | ||||||
Compute the total cost for each revenue-generating area of the bank using the step-method of cost allocation.
Note: Do not round proportions in your calculations; round your final answer to the nearest whole dollar.
| Checking | Answer
|
| Savings | Answer
|
| Loans | Answer
|
| Total | Answer
|
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