Allocations to a department as positive

Assignment Help Accounting Basics
Reference no: EM131811978

Seattle Western University has provided the following data to be used in its service department cost allocations:


Service Departments

Operating Departments


Administration Facility
Services
Undergraduate
Programs
Graduate
Programs
  Departmental costs before allocations $ 2,400,000 $ 1,600,000 $ 26,800,000 $ 5,700,000
  Student credit-hours

20,000         5,000
  Space occupied-square feet 25,000 10,000 70,000 30,000

Required:

Using the direct method, allocate the costs of the service departments to the two operating departments. Allocate the costs of Administration on the basis of student credit-hours and Facility Services costs on the basis of space occupied. (Please enter allocations from a department as negative and allocations to a department as positive. The line should add across to zero. Do not round intermediate calculations.)

Reference no: EM131811978

Questions Cloud

What is the mse using this technique : What is the MSE using this technique? What is the forecasted CPI Value for November 205 and November 2006 using this technique?
Prepare a schedule of expected cash collections for july : Prepare a schedule of expected cash collections for July, August, and September. Also compute total cash collections for the quarter ended September 30th
Explain if the changes in the values reflect trade effect : lowering the interest rate to stimulate the economies of Greece, Ireland, or Spain, while maintaining the interest rate in other countries
Accounting for the investment tax credit : The accounting alternative treatments for the investment tax credit originally outlined in APB Opinions 2 and 4 are still considered GAAP.
Allocations to a department as positive : Using the direct method, allocate the costs of the service departments to the two operating departments. Allocate the costs of Administration on the basis
Write three versions of a claim- fact value and policy : Write three versions of a claim: fact, value, and policy. Be prepared to share your three claim statements with several classmates for their review.
Discuss the division of net income between the partners : Prepare a schedule showing the division of net income between the partners
How much sales are required to earn a target income : How much sales are required to earn a target income of $80,000 if total fixed costs are $100,000 and the contribution margin ratio is 40%
What amount of gain should anderson recognize : The property transfers were made subject to the outstanding mortgages. What amount of gain should Anderson recognize in his tax return for 2009

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd