How much of the IT costs are allocated to Painting

Assignment Help Managerial Accounting
Reference no: EM132516467

Design Co. has two operating departments (Painting and Decorating) and two support departments (HR and IT). Using number of employees to allocate HR and IT tickets to allocate IT, use the direct method to allocate support department costs to operating departments.

Question 1: How much of the IT costs of $260,000 are allocated to Painting?

                       HR                 IT                Painting                     Decorating

Budget           125,000         260,000         450,000                   550,000

Employees            X                100               50                          200

IT Tickets            40                X                  200                       200

Reference no: EM132516467

Questions Cloud

Corporate travel management limited : What does this tell you about their level of expected risk?
What is the long term benefits of using abc costing : How will the ABC costing assist management for managing budgets and costs? What is the long term benefits of using ABC costing?
Unsystematic and systematic risk : The risk premium, for a stock, required by investors, therefore depends on the total risk." To what extent do you agree with this statement.
Applying team behavior theory to problem analysis : Applying Team Behavior Theory to Problem Analysis. Assignment is considered a major assignment that might take more than one week to complete.
How much of the IT costs are allocated to Painting : How much of the IT costs of $260,000 are allocated to Painting? Design Co. has two operating departments (Painting and Decorating)
Cullumber hobby shop recorded ebitda : For its most recent fiscal year, Cullumber Hobby Shop recorded EBITDA of $512,952.50, EBIT of $362,450.20, zero interest expense, and cash flow to investors
Overpriced-underpriced or correctly priced : An investment analyst provides you with the following information with regards to two companies:
Compute the budgeted cost of goods sold for first quarter : Compute the budgeted selling and administrative expenses for the first quarter.Compute the budgeted cost of goods sold for the first quarter.
What is the value of the bond if similar bonds : A bond has 10 years to maturity, a face value of $1 000 and a coupon rate of 7% p.a. paid semi-annually. What is the value of the bond if similar bonds are yiel

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute depreciation for each year for the machine

Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method.

  A statement of stockholders equity for the year ended

Prepare a statement of stockholders' equity for the year ended December 31, 2015

  How to budget for a louis versailles ltds fashion show

How to budget for a Louis Versailles Ltd's fashion show at the 25th Mercedes-Benz Fashion Week with the given estimate for each cost

  The preferred stock of tory corporation was purchased

Land costing $46 million was acquired by issuing $23 million cash and a 15%, four-year, $23 million note payable to the seller.

  Determine per-unit factory overhead allocated to gasoline

Determine the per-unit factory overhead allocated to the gasoline and diesel engines under the single plantwide factory overhead rate method

  Calculate the missing amounts for each of the following firm

Understanding CVP relationships. Calculate the missing amounts for each of the following firms:

  Spam inc had the following standard costs and plans for

spam inc. had the following standard costs and plans for fiscal current year for the production of custom meat products

  Compute the customer margin for the vandal family

Using the activity-based costing system, compute the customer margin for the Vandal family. Round off all calculations to the nearest whole cent.

  What is the reserve requirement in regard to commercial bank

What is the maturity date of a bond? What is the reserve requirement in regard to commercial banks?

  Determine what is calculation for capital budgeting for npv

Determine What is the calculation for capital budgeting for NPV, IRR, Payback Period, and ARR? Please also explain how each are used?

  Objective of allocating indirect costs

In manufacturing environment, which cost are direct and which are indirect in product costing? What is the objective of allocating indirect manufacturing overhead cost of product?

  Journalize the adjusting entry for bad debts at december

Journalize the adjusting entry for bad debts at December 31, 2013 - Journalize the adjusting entry for bad debts at December 31, 2014, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of 51,700 and the aging schedu..

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