C 7. Sympson company has two support departments and two operating departments. For the year...
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Accounting
C 7. Sympson company has two support departments and two operating departments. For the year 2019 the following information were available: Total 2,84,000 8000 (100%) Support departments Operating Departments Budgeted Financial Information Government Corporation overhead (FIN) Technology Consulting Consulting cost before (IT) allocation 60,000 24,000 80,000 1,20,000 Support 2000 3200 2800 work by (25%) (40%) (35%) FIN (Allocation base and percentage) Support 200 600 1200 work by IT (10%) (30%) (60%) (Allocation base and percentage) 2000 (100%) Required: Allocate two support departments cost to the two operating departments by using i) Direct method ii) Step-down method Reciprocal method Show calculations and make the tables of allocated costs
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