Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing...
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Accounting
Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department. The bank has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the two service departments output for the year is as follows:
User of Service
Provider of Service
HR
Computing
HR
15
%
Computing
10
%
Deposit
60
%
50
%
Loan
30
%
35
%
The budgeted costs in the two service departments for the year are as follows:
HR
$
153,000
Computing
229,500
Required: Use the reciprocal-services method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments. (Round intermediate calculations and final answers to the nearest dollar amount.)
Required Use the reciproc deportmerits (Round intermediste ce al-services method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan Iculations and finat enswers to the nearest dollar amount.) ider of S Deposit Laan Allocation of HR Department costs Allocation of Computing Department costs Total costs allocated to each department
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