Exercise 17-23 Reciprocal-Services Method; Bank (Appendix) (LO 17-6) Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department. The bank has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the wo service departments' output for the year is as follows: User of Service HR Computing Deposit Loan HR Computing $599,000 828,500 Provider of Service HR The budgeted costs in the two service departments for the year are as follows: 25% 65% 10% Computing 25% Provider of Service 65% 10% Required: Jse the reciprocal-services method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments. (Do not round your intermediate calculations and round final answers to the nearest dollar amount.) Answer is complete but not entirely correct. Deposit Loan
Exercise 17-23 Reciprocal-Services Method; Bank (Appendix) (LO 17-6) Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department. The bank has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the wo service departments' output for the year is as follows: User of Service HR Computing Deposit Loan HR Computing $599,000 828,500 Provider of Service HR The budgeted costs in the two service departments for the year are as follows: 25% 65% 10% Computing 25% Provider of Service 65% 10% Required: Jse the reciprocal-services method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments. (Do not round your intermediate calculations and round final answers to the nearest dollar amount.) Answer is complete but not entirely correct. Deposit Loan
Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter26: Cost Allocation And Activity-Based Costing
Section: Chapter Questions
Problem 26.6CP
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