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...


Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department. The<br>bank has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the<br>two service departments' output for the year is as follows:<br>Provider of Service<br>User of Service<br>Computing<br>HR<br>HR<br>15%<br>15%<br>60%<br>25%<br>ed<br>Computing<br>Deposit<br>Loan<br>55%<br>30%<br>The budgeted costs in the two service departments for the year are as follows:<br>HR<br>$499, 000<br>Computing<br>728, 500<br>Required:<br>Use the reciprocal-services method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan<br>departments. (Do not round your intermediate calculations and round final answers to the nearest dollar amount.)<br>Provider of Service<br>Deposit<br>Loan<br>Allocation of HR Department costs<br>373,366 O S<br>186,683<br>Allocation of Computing Department costs<br>410,921 X<br>246,552 O<br>Total costs allocated to each department<br>784.287<br>433.235<br>*Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted.<br>

Extracted text: 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 usage of the two service departments' output for the year is as follows: Provider of Service User of Service Computing HR HR 15% 15% 60% 25% ed Computing Deposit Loan 55% 30% The budgeted costs in the two service departments for the year are as follows: HR $499, 000 Computing 728, 500 Required: Use the reciprocal-services method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments. (Do not round your intermediate calculations and round final answers to the nearest dollar amount.) Provider of Service Deposit Loan Allocation of HR Department costs 373,366 O S 186,683 Allocation of Computing Department costs 410,921 X 246,552 O Total costs allocated to each department 784.287 433.235 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted.

Jun 09, 2022
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