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 two service departments' output for the year is as follows: User of Service HR Computing Deposit Loan Provider of Service HR Computing 15% 20% - 50% 50% 30% 35% The budgeted costs in the two service departments for the year are as follows: HR Computing Required: $158,000 238,000 Use the direct method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments. (Do not round intermediate calculations.)

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 two service departments' output for the year is as follows: User of Service HR Computing Deposit Loan Provider of Service HR Computing 15% 20% - 50% 50% 30% 35% The budgeted costs in the two service departments for the year are as follows: HR Computing Required: $158,000 238,000 Use the direct method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments. (Do not round intermediate calculations.)

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter22: Budgeting

Section: Chapter Questions

Problem 5TIF: Static budget for a service company A hank manager of City Savings Rank Inc, uses the managerial...

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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 two service departments' output for the year is as follows: Provider of Service HR 0 Computing 15% 15% 0 60% 55% 25% 30% User of Service HR Computing Deposit Loan The budgeted costs in the two service departments for the year are as follows: HR Computing Required: $ 499,000 728,500 Use the reciprocal-services method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments. Note: Do not round your Intermediate calculations and round final answers to the nearest dollar amount. Provider of Service Allocation of HR Department costs Allocation of Computing Department costs Total costs allocated to each department Deposit Loan
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 two service departments' output for the year is as follows: Provider of Service User of Service Computing HR HR 15% 15% 60% 25% ed Computing Deposit Loan 55% 30% The budgeted costs in the two service departments for the year are as follows: HR $499, 000 Computing 728, 500 Required: Use 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.) Provider of Service Deposit Loan Allocation of HR Department costs 373,366 O S 186,683 Allocation of Computing Department costs 410,921 X 246,552 O Total costs allocated to each department 784.287 433.235 *Red text indicates…
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 two service departments’ output for the year is as follows: User of Service Provider of Service HR Computing HR 0 10% Computing 10% 0 Deposit 55% 50% Loan 35% 40% The budgeted costs in the two service departments for the year are as follows: HR $ 529,000 Computing 758,500 Required: Use the reciprocal-services method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments.
3.) Tusca National Bank has two service departments, the Human Resources 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 two service departments' output for the year is as follows: www.mw User of Service HR Computing Deposit Loan Provider of Service HR 30% 40% 30% Computing 10% 50% 40% The budgeted costs in the two service departments for the year as follows: HR: $ 300,000 Computing: $ 160, Use a.) direct method, b.) step-down method and c.) reciprocal services method to allocate the budgeted costs of HR and Computing departments.
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 two service departments' output for the year is as follows: User of Service HR Computing Deposit Loan HR Computing Provider of Service HR Computing 10% The budgeted costs in the two service departments for the year are as follows: $466,000 699,000 10% 70% 20% 45% 45% Required: Use the step-down method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments. Tuscaloosa National Bank allocates the costs of the HR Department first. (Do not round intermediate calculations.) Allocation of HR Department costs Allocation of Computing Department costs Total costs allocated to each department $ Deposit 0 $ Loan 0
Tusca National Bank has two service departments, the Human Resources 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 two service departments' output for the year is as follows: User of Service HR Computing Deposit Loan Provider of Service HR 30% 40 % 30% Computing 10% 50% 40% The budgeted costs in the two service departments for the year as follows: HR: $ 300,000 Computing: $ 160,000 Use a.) direct method, b.) step-down method and c.) reciprocal services method to allocate the budgeted costs of HR and Computing departments.
Lackawanna Community College has three divisions: Liberal Arts, Sciences, and Business Administration. The college's comptroller is trying to decide how to allocate the costs of the Admissions Department, the Registrar's Department, and the Computer Services Department. The comptroller has compiled the following data for the year just ended. Department Admissions Annual Cost $118,000 Registrar Computer Services 197,000 420,000 Planned Courses Budgeted Enrollment Budgeted Credit Hours Requiring Computer Work 12 es Division Liberal Arts Sciences Business Administration 1,100 850 31,000 28,750 22,750 25 750 25 Required: 1. Distribute the departmental costs to the college's three divisions based on the allocation base given. 2. Choose the better allocation base for distributing the cost to the following departments: Complete this question by entering your answers in the tabs below. Required 1 Required 2 1 of 7 Next > Prev
Lackawanna Community College has three divisions: Liberal Arts, Sciences, and Business Administration. The college's comptroller is trying to decide how to allocate the costs of the Admissions Department, the Registrar's Department, and the Computer Services Department. The comptroller has compiled the following data for the year just ended. Annual Cost Department Admissions Registrar Computer Services $130, 000 221,000 468,000 Planned Courses Budgeted Budgeted Credit Hours Requiring Computer Work Division Enrollment Liberal Arts Sciences 2,300 43,000 37,750 31,750 25 1,450 37 Business Administration 1,350 37 Required: 1. Distribute the departmental costs to the college's three divisions based on the allocation base given. 2. Choose the better allocation base for distributing the cost to the following departments: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prev 1 of 7 Next > hulu
Akagera Finance Plc has two service departments, the Human Resources (HR) Department and the Computing Department. Akagera Finance Plc has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the two service departments’ output for the year is as follows: User of Service Provider of Service HR Computing HR 0 10% Computing 10% 0 Deposit 55% 50% Loan 35% 40% The budgeted costs in the two service departments for the year are as follows: HR $ 529,000 Computing 758,500 Required: Use the reciprocal-services method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments
Lackawanna Community College has three divisions: Liberal Arts, Sciences, and Business Administration. The college's comptroller is trying to decide how to allocate the costs of the Admissions Department, the Registrar's Department, and the Computer Services Department. The comptroller has compiled the following data for the year just ended. Department Admissions Registrar Computer Services Division Liberal Arts Annual Cost $136,000 233,000 492,000 Sciences Business Administration Budgeted Budgeted Enrollment Credit Hours 2,900 1,750 1,650 49,000 42,250 36,250 Required: 1. Distribute the departmental costs to the college's three divisions based on the allocation base given. 2. Choose the better allocation base for distributing the cost to the following departments: Department and Allocation Base Planned Courses Requiring Computer Work Complete this question by entering your answers in the tabs below. Admissions (enrollment) Registrar (credit hours) Computer Services (courses requiring…
Hudson Community College enrolls students in two departments, Liberal Arts and Sciences. The college also has two service departments, the Library and the Computing Services Department. The usage of these two service departments' output for the year is as follows: User of Service Library Computing Services Liberal Arts Sciences Provider of Service Computing Services 20% Library Computing Services Library 65% 35% The budgeted costs in the two service departments for the year are as follows: $1,090,000 550,000 30% 50% Required: 1. Use the step-down method to allocate Hudson Community College's service department costs to the Liberal Arts and Sciences departments. (Do not round intermediate calculations.) Allocation of Computing Service costs Allocation of Library costs Total costs allocated to each department Liberal Arts Sciences
Step methodProsperous Bank has three support areas (administration, human resources, and accounting) and three revenue-generating areas (checking accounts, savings accounts, and loans). Monthly direct costs and the interdepartmental support structure are shown in the following benefits-provided ranking: 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 Please show all work step by step calculations! Thank you!