Hessel Corporation has two operating departments (Domestic and Global) and three service departments: Human Resources (HR), Legal,
Question:
Hessel Corporation has two operating departments (Domestic and Global) and three service departments: Human Resources (HR), Legal, and Testing. In the most recent period, the following costs and service department usage ratios were recorded:
Required
Allocate the service department costs to the two operating departments using the reciprocal method.
Transcribed Image Text:
Supplying Department Human Resources.. Legal. Testing. Direct cost Human Resources -0- 10% 10% $264,500 Using Department Legal Testing Domestic Global 15% 10% 25% 50% -0- -0- 30% 60% -0- -0- 45% 45% $190,000 $90,000 $538,000 $487,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (7 reviews)
The key to this problem is to write out the equations expressing ...View the full answer
Answered By
Danish Sohail
My objective is to become most reliable expert for clients. For last 10 years I have been associated with the field of accounting and finance. My aim is to strive for best results and pay particular attention to client needs. I am always enthusiastic to help clients for issues and concerns related to business studies. I can work on analysis of the financial statements, calculate different ratios and analysis of ratios. I can critically evaluate stock prices based on the financial analysis and valuation for companies using financial statements of the business entity being valued with use of excel tools. I have expertise to provide effective and reliable help for projects in corporate finance, equity investments, financial accounting, cost accounting, financial planning, business plans, marketing plans, performance measurement, budgeting, economic research, risk assessment, risk management, derivatives, fixed income investments, taxation, auditing, and financial performance analysis.
4.80+
78+ Reviews
112+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In the most recent fiscal year, General Cereals statement of cash flows revealed an increase in the companys accounts receivable of $129 million. Required a. How does an increase in accounts...
-
In the most recent local election between two candidates, you heard your local news anchor indicate that your preferred candidate had 48 percent of the vote with a margin for error (precision) of 6 6...
-
Great Eastern Credit Union (GECU) has two operating departments (Branches and Electronic) and three service departments (Processing, Administration, and Maintenance). During July, the following costs...
-
A company is implementing Dynamics 365 Supply Chain Management. The company plans to implement the solution in a phased approach across several incremental projects. The project manager needs a...
-
State the difference in the use of forcefield analysis and survey feedback.
-
Simplify each of the following Boolean equations. Sketch a reasonably simple combinational circuit implementing the simplified equation. (a) (b) (c) Y = ABC+BC +BC Y = (A+B+C)D+AD+B
-
Sumitomo Cable manufactures various types of aluminum and copper cables which it sells directly to retail outlets through its distribution channels. The manufacturing process for producing cables...
-
The Diamond Glitter Company is in the process of preparing its financial statements for 2012. Assume that no entries for depreciation have been recorded in 2012. The following information related to...
-
3. A function f has the values shown below: x 1 1.25 1.5 1.75 f(x) 10 8 7 6 a. Use Midpoint rule to approximate f(x)dx b. Use Simpson's rule to approximate f(x)dx 25
-
A ride hailing company has their DB structured in 3 major tables as described in the SCHEMA section below. Write a query to fetch the top 100 users who traveled the most distance using the service....
-
Baldwin Enterprises has two service departments, Personnel and Legal, and two operating divisions, Eastern and Western. Personnel costs are allocated on the basis of employees and Legal costs are...
-
Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $150,000. The sales value at split-off was $162,000 for 1,200 units of Kappa and $63,000 for 1,800...
-
How can a currency crisis lead to higher interest rates?
-
How do existentialist philosophies, such as existential authenticity and existential responsibility, inform the cultivation of authentic and morally resonant leadership that inspires profound...
-
A 30-06 caliber hunting rifle fires a bullet of mass 0.0076 kg with a velocity of 413 m/s to the right. The rifle has a mass of 4.82 kg. What is the recoil speed of the rifle as the bullet leaves the...
-
A government issues 10-year bond with a face value of $100,000. The bonds were issued at a 2% premium. The goverment incurred $3,000 in issuance costs. What expenditure should the city record for...
-
INCOME STATEMENT Net Sales $31,000,000 Cost of Goods Sold $10,230,000 Gross Profit $20,770,000 Depreciation Expense $2,200,000 S&A Expenses $1,088,000 Operating Income (EBIT) $17,482,000 Interest...
-
Go-Figure, a newly formed corporation, has developed a proprietary circuit board inspection system that offers a high-speed way to inspect boards for defects. Data indicate that 10 to 25 percent of...
-
Graph the expense and revenue functions. a. Determine an appropriate maximum horizontal-axis value. b. Determine an appropriate maximum vertical-axis value. c. Sketch the graphs of the expense and...
-
Design and describe an application-level protocol to be used between an automatic teller machine and a bank's centralized computer. Your protocol should allow a user 's card and password to be...
-
When using the weighted-average method of process costing, total equivalent units produced for a given period equal: a. The number of units started and completed during the period plus the number of...
-
Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process: Beginning inventory, 8,000 partially complete gallons. Transferred out, 42,000 gallons....
-
Refer to the data in Exercise 8-15. Assume that beginning inventory is 50 percent complete with respect to materials and 30 percent complete with respect to conversion costs. Required a. Compute the...
-
How to solve Taxation, types of taxation, how to count tax for ltd and self employed?
-
One of the potential errors that could occur with the research for eHarmony is that people may simply want to answer the question irrespective of whether they are single and in the market for a new...
-
explain which of the promotional strategies used by diesel are above or below the line. analyse the impact that each approach might have.
Study smarter with the SolutionInn App