Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please format the answer the same as the question i did fill some of it out already please fill rest out and show how to
please format the answer the same as the question i did fill some of it out already please fill rest out and show how to do it
wytrust to lowest, the support departments based on the percentage of their services provided to other support departments (Round percentages to five decimal places.) Support department Percentage Human Resources 20.00000 % Information Systems 11.0 100000 % Next, use this ranking to allocate the support departments' costs to the operating departments based on the step-down mothod. (Do now round intermediary calculations and round 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 HR Info Systems Corporate Consumer 40000 340000 940000 475000 1795000 Costs incurred --40000 Allocation of HR costs Total Allocation of Info System costs Total budgeted costs of operating departments 1795000 .. (Click the icon to view the data.) Read the requirements 88888 Support Departments Operating Departments HR Info Systems Corporate Consumer Total Costs incurred $ 40,000 $ 340,000 $ 940,000 $475,000 $ 1,795,000 Allocation of HR costs (40,000) 24,000 16,000 Allocation of Info System costs (340,000) 191,011 148,989 0 $ Total budgeted costs of operating departments 0 $ 1.155 011 639.989 1.795.000 Requirement 2. Rank the support departments based on the percentage of their services provided to other support departments. Use the ranking to allocate the support departments' costs to the operating departments based on the step down mothod First, rank, from highest to lowest, the support departments based on the percentage of their services provided to other support departments (Round percentages to five decimal places) Support department Percentage Human Resources 20.0000096 Information Systems 11.00000 % Next, use this ranking to allocate the support departments' costs to the operating departments based on the step down method (Do not round intermediary calculations and round your final answers to the nearest whole dollar Use parentheses or a minus sign when donartments by allocating costs Enter a "0" for any zero balances) A B SUPPORT DEPARTMENTS Human Information Resources Systems OPERATING DEPARTMENTS Corporate Consumer Sales Sales $ 40,000 $ 340,000 $ 940,000 $475,000 2. Budgeted costs incurred before any 3 interdepartment cost allocations Support work supplied by human 4 resources department 5 Budgeted number of employees Support work supplied by information 6 systems department Budgeted processing time (in 7 minutes) 20 48 32 440 2,000 1.560 0-books, an online book retailer, has two operating departments-corporate sales and consumer sales-and two support departments-human resources and information systems Each sales department conducts merchandising and marketing operations independently O- books uses number of employees to allocate human resources costs and processing time to allocate information syste costs. The following data are available for September 2020 Click the icon to view the data) Read the requirements Requirement 1. Allocate the support departments' costs to the operating departments using the direct method. (Do not round intermediary calculations Only round the amount you input in the input field to the nearest dollar Use parentheses or a minus sign when decreasing departments by allocating costs Enter a "0" for any zero balances. Abbreviations used HR = Human resources, Info = Information) Support Departments Operating Departments HR Info. Systems Corporate Consumer Total Costs incurred $ 40,000 $ 340,000 $ 940,000 $ 475,000 $1,795,000 Allocation of HR costs (40,000) 24,000 16,000 340,000) 191.011 148,080 Allocation of Info System costs 0 $ 1.155,011 $ 639,980 $ 1,795 000 Totod budnolod costs of oneratinn denarmants Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started