Problem 1 (10 Points). Chancellor Company is divided into four departments. Departments A and B...
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Accounting
Problem 1 (10 Points).
Chancellor Company is divided into four departments. Departments A and B are service departments and Departments 1 and 2 are operating (production) departments. The services of the two service departments are used by the other departments as follows:
Dept. A
Dept. B
Dept. 1
Dept. 2
Services of:
Department A............
50%
20%
30%
Department B............
40%
60%
Direct costs incurred by each department
$60,000
$50,000
$70,000
$80,000
Complete the following table:
Allocation of Expenses to Departments
Department A
Department B
Department 1
Department 2
Total direct
Department expenses..
$60,000
$50,000
$ 70,000
$ 80,000
Service department expenses
Department A............
Subtotal........................
Department B............
Total.............................
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