support dept #1 support dept #2 operating #1 operating #2 total departmental costs...
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Accounting
support dept #1
support dept #2
operating #1
operating #2
total
departmental costs
$ 90,000.00
$ 60,000.00
$ 700,000.00
$ 300,000.00
$ 1,150,000.00
support work furnished:
by support dept#1-- salaries
40,000
110,000
50,000
200,000
by support dept#2-- # of people
3
4
2
9
The accountant for Fio, Inc. is preparing the budgets for operating department support service costs. Support Department #1 cost are allocated based on salaries, and support department #2 are allocated based on number of employees. The data above has been collected.
If the step-down method is used and support Department #1 is allocated first, what is the total amount of Support Department #2 cost to be allocated to other departments? _____________________________.
You must show your computation (NOT ON SCRAP PAPER) in order to receive credit.
Answer & Explanation
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