Allocate budgeted costs of the hr and computing departments

Assignment Help Managerial Accounting
Reference no: EM132692349

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 budgeted costs in the two service departments for the year are as follows:

HR- $153,000; Computer - $229,500

Problem 1: Use the direct method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments.

Reference no: EM132692349

Questions Cloud

Data visualization and geographic information systems : Explain how executive dashboards can lead to better business insights. What are the limitations of dashboards?
Balancing high-quality care with affordability for patient : How does the PAC you chose address the consideration of balancing high-quality care with affordability for the patient?
Forecast the percentage change in the mxnusd : a. Use the forward rate to forecast the percentage change in the MXNUSD over the next year.
Journalize the entries to record the preceding transactions : Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on January 1, Year 1. Journalize the entries to record transactions
Allocate budgeted costs of the hr and computing departments : Use the direct method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments.
Personal Leadership Training Plan : Explain the type of experiences you have had that will make you a strong leader.
What are the types of audit report : What are the types of Audit Report? Explain. How does balance sheet reviews by the auditor? For what circumstances an auditor give qualified opinion?
What does it mean standard unqualified opinion : What does it mean standard unqualified opinion? How many parts of standard unqualified audit report and explain each part?
Define ethics from the view point of audit firm : Define ethics from the view point of audit firm? Why is it important for the audit firm?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd