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

  Calculate the amount of factory overhead to be allocated to

the sawtooth leather company manufactures leather handbags and moccasins. for simplicity reasons they have decided to

  Cork''s financial statements

On January 15, 2011, a truck driver for Cork Transfer Company negligently rounded a curve that was also a bridge covering several local merchant shops.

  Write memo to tom including the following explaining the

your friend tom smith is the owner-president of a consulting company. he recently completed his third year of business

  Transaction-adjustment on appropriate balance sheet

Prepare an answer sheet with the column headings shown here. For each of the following transactions or adjustments, indicate the effect of the transaction or adjustment on the appropriate balance sheet category and on net income

  Identify the relevant costs

Discuss each of the four alternatives outlined above. Identify the relevant costs

  The taxpayer relief act of 1997 eliminated this deferral

in 1970 mr. and mrs. self purchased their first principal residence for 80000. in 1995 they sold the house for 300000

  The interest formula shows how interest rate and time are

the interest formula shows how interest rate and time are related. it gives you a way of finding one of these values

  What is the product contribution margin ratio

What is the product's contribution margin ratio? What is the company's break-even point in units and in dollars for this product

  If the excess capacity is eliminated by reducing the order

sixty employees all cpas of a local public accounting firm eat lunch at least twice weekly at a very popular pizza

  Compute i the contribution margin for the current year and

lopez corporation has collected the following information after its first year of sales. net sales were 1600000 on

  Calculate the net income of onward

Calculate the net income of Onward, Inc., and the related Federal income tax liability, if any.

  Kleener co acquired a new delivery truck at the beginning

kleener co acquired a new delivery truck at the beginning ofits current fiscal year. the truck cost 26000 and has an

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