Question: List at least three possible allocation bases that could be used to allocate accounting department costs to other departments. Give one advantage and one disadvantage

List at least three possible allocation bases that could be used to allocate accounting department costs to other departments. Give one advantage and one disadvantage of using each allocation base.

Step by Step Solution

★★★★★

3.41 Rating (176 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Accounting department costs could be allocated using number of employees departmental dire... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

392-B-M-A-C-M (1172).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Give a variable that could be used to stratify the population for each of the following studies. List at least four subcategories for each variable. a. A political party wants to conduct a poll prior...

List three nonfinancial measures that could be used to evaluate a division of an insurance company.

List at least three independent software houses (not associated with a computer vendor) that are major players in the software component of the information technology industry. List any software...

List at least three possible allocation bases that could be used to allocate accounting department costs to other departments. Give one advantage and one disadvantage of using each allocation base.

8.12 List at least three possible allocation bases that could be used to allocate accounting department costs to other departments. Give one advantage and one dis- advantage of using each allocation...

Test Questions Question No 1 Information is relevant in business decisions if it is a(n) ________. A. past revenue and it differs among alternatives B. expected future revenue and it differs among...

Accessibility Cost Allocation and Environmental Processes-Ethical Issues California Circuits Company (3C) manufactures a variety of components. Its Valley plant specializes in two electronic...

Cost Allocation and Environmental Processes Ethical issues California Circuits Company (3C) manufactures a variety of components. Its Valley plant specializes in two electronic components used in...

6) Salinas Comp N service departments, Maintenance and Human Resources. Salinas 6) Company also toduction departments, Mixing and Finishing. Maintenance costs are allocated based on square footage...

ACC- 500 Questions- Set-2 Question No 11 Budgeted cost rates are used for allocating variable costs of service departments to user departments because ________. A. it provides service departments a...

An article in the Mid-American Journal of Business presents an analysis for a spring water bottling operation. One of the characteristics of interest is the amount of magnesium, measured in parts per...

There are pressures to report favorable earnings performance and minimize unfavorable information referred to as non-GAAP financial measures. In an effort to mitigate non-GAAP manipulative or...

Question:While performing an audit of the financial statements of a company for the year ended December 3 1 , year 1 , the auditor notes that the companys sales increased substantially in December,...

What is the main reason why evaluations are not done? A. People simply forget to do them B. * Evaluations are costly C. Evaluations are time consuming D. All the answers are correct

The following materials standards have been established for a particular product: The following materials standards have been established for a particular product: Standard quantity per unit of...

The XYZ Corporation is an American company that manufactures the parts needed for its products abroad in country M. It assembles them in the U.S. The transfer price is $500 and the exchange rate is 2...

1. Prepare a budget for this year for the Administrative Department at Tom's Toyota Company based on the following information: 2. Big Bob's Discount Appliances expects sales of $5,000, $5,000, and...

1 . What would be the impact on the company s financial statement if PolyMedica had expensed the costs as incurred in 2 0 0 3 and 2 0 0 2 ? Calculate key balances that highlight any major differences...

ACTUARIAL solution please A stock pays annual dividends at the end of each year. The earnings per share in the year just ended were $102. Earnings are assumed to grow at 7.3% per year in the future....

Question 21 2 points Suppose a bank enters a repurchase agreement in which it agrees to sell Treasury securities to a correspondent bank at a price of $0000160 with the promise to buy them back at a...