Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Long Term Care Plus Company has two service departments actuarial and premium rating, and two operations departments marketing and sales. The distribution of each

image text in transcribed
image text in transcribed
The Long Term Care Plus Company has two service departments actuarial and premium rating, and two operations departments marketing and sales. The distribution of each service department's efforts to the other departments is shown below: FROM TO Actuarial Rating Marketing Sales Actuarial 9% 49% 29% 49% Rating 25% 9% 37. 5% 3?.5% ' The direct operating costs of the departments [including both variable and fixed costs} were as follows: Actuarial $69,999 Premium Rating $49,999 Marketing $69,999 Sales $?9,999 The total cost accumulated in the sales department using the step method is [calculate all ratios and percentages to 4 decimal places, for example 33333396, and round all dollar amounts to the nearest whole dollar; assume that the actuarial department goes first}

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

Financial Accounting Theory

Authors: William R. Scott, Patricia O'Brien

8th Edition

013416668X, 978-0134166681

More Books

Students also viewed these Accounting questions

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago

Question

1. Background knowledge of the subject and

Answered: 1 week ago