Ch 11) Allocations Appendix i Saved Help Save Madision Park Co-op, a grocery and gift...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Ch 11) Allocations Appendix i Saved Help Save Madision Park Co-op, a grocery and gift shop, has provided the following data to be used in its service department cost allocations. Departmental costs before allocations Employee-hours Space occupied in square metres Service Departments Administration Janitorial $ 150,000 $ 40,000 320 160 250 100 Operating Departments Groceries Gifts $2,320,000 $ 950,000 3,100 740 4,000 1,000 Required: Using the step-down method, allocate the costs of the service departments to the two operating departments. Allocate the costs of t Administration Department first on the basis of employee-hours and then on the costs of the Janitorial Services Department on the basis of space occupied. (Please enter allocations from a department as negative and allocations to a department as positive. Th line should add across to zero. Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Service Departments Administration Janitorial $ 150.000 $ 40,000 Operating +artments Groceries Gifts $ 2,320,000 $ 950,000 Total 3,460,000 $ Departmental costs before allocations Allocation Administration costs Janitorial costs Total costs after allocation
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
