Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. university of lowa offers high-quality undergradua

University of lowa offers high-quality undergraduate-level programs. UT has two principal operating departments, College of...

80.2K

Verified Solution

Question

Accounting

University of lowa offers high-quality undergraduate-level programs. UT has two principal operating departments, College of Business and Sciences, and two support departments, Facility Services and Admissions. The base used to allocate facility services is budgeted total maintenance hours. The base used to allocate admissions costs is number of credit hours for a department. The Facility Services budget is $280,000, while Admissions budget is $450,000. Interdepartmental usage is as follows:
Services Provided: (Annually)
\table[[,Facilities,Admissions,COB,Sciences],[Facilities,0,1,500,3,500,5,000],[(in hours),,,,],[Admissions 1,000,0,15,000,9,000,],[(in credit hrs),,,,]]
Use the Reciprocal method to allocate support department costs. What amount of Facilities support costs will be allocated to Science?
image

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Use the following data to determine the maximum rate at which a standard man can climb...

Chemistry
Q

What is the % yield of the reaction making 4.9 g of acetyl salicylic acid from...

Chemistry
Q

. A four-lane arterial (with two lanes in each direction) has a capacity of 1000 vehicleshourlane....

Advance Math
Q

Katz buys and sells securities in short-term periods. The following transactions relate to Katz activity in...

Accounting
Q

Which statement about the graph of y = 8(0.25)x is true?F The coordinates of the...

Basic Math
Q

1 A central angle is an angle whose vertex is at the center of a...

Basic Math
Q

If A is 2x2 matrix such that det A 3 then det A A 1...

Algebra
Q

Pages File Edit Insert Format Arrange View Share Window Help * 27% O Wed 13:45...

Accounting
Q

Pharoah Services Inc. is trying to establish the standard labour cost of a typical oil...

Accounting
Q

4 cussion -Exam-2 Johnson Winery in Pleasant Valley, New York, has two departments Fermenting and...

Accounting
Q

Bobs Bait Shop Inc., a chain of fishing stores, sponsors a defined benefit pension plan...

Accounting
Q

You are trying to price a put option using the binomial model. The current stock...

Finance