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Problem 11-60(Algo) Cost Allocation: Step and Reciprocal Methods (LO 11-1) Dunedin Bank has...

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Accounting

Problem 11-60(Algo) Cost Allocation: Step and Reciprocal Methods (LO 11-1)
Dunedin Bank has two operating departments (Retail and Commercial) and three service departments: Operations, Information Technology (IT), and Transactions. For the last period, the following costs and service department usage ratios were recorded:
\table[[\table[[Supplying],[Department]],Using Department],[Transactions,IT,Operations,Retail,Commercial],[Transactions,,,0,70%,30%
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