Question
Please help me solve this! Thank you! Woodstock Binding has two service departments. IT (Information Technology) and I-IR (Human Resources). and two operating departments. Publishing
Please help me solve this! Thank you!
Woodstock Binding has two service departments. IT (Information Technology) and I-IR (Human Resources). and two operating departments. Publishing and Binding. Management has decided to allocate IT costs on the basjs of IT Tickets (issued With each IT request) in each department and I-IR costs on the basis of employees in each department. The following data appear in the company records for the current period: PubliShInU binding IT tickets Employees Department direct costs Required: 16 $ 154,000 1,500 $ 264,600 1,500 24 $ 430,e a, soe $ 390,ee Use the step method to allocate the Gervjce costs, using the following: a. The order of allocation starts with IT b. The order of allocation starts With HR. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Use the step method to allocate the service costs, using the following: The order of allocation starts with IT. Note: Amounts to be deducted should be indicated by a minus sign. Do not round intermediate calculations. Allocation o: Publishing Bindin Semce departrnent costs IT Total costs s 154.0000 s 264.6000 $ (154,000) 30,800 e $ (295,400) e s o 430,000 0 $ 30.8000 s 110.775 e s 571,575 390,000 0 92,400 e 184,6e 667,025
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