Quiz #4(solution)

Quiz #4(solution) - 6A:130 Fall 2007 QUIZ 4 * Must show...

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6A:130 – Fall 2007 Quiz 4 QUIZ 4 ****** Must show work to receive credit. NO WORK NO CREDIT The University of Iowa College of Law has two degree granting programs: Juris Doctorate, and Master of Laws. It also has two internal support departments: Library Services and Information Technology Library Services costs are allocated using Librarian hours used. Information Technology cost are allocated based on the number of searches using West Law. Library Services Information Technology Juris Doctorate Master of Laws Total Departmental Cost $250,000 $550,000 $2,000,000 $1,000,000 $3,800,000 Librarian Hours 50 100 5,000 1,000 6,150 West Law Searches 1,000 2,500 5,500 2,000 11,000 1. Using the direct allocation method to allocate the two internal support department cost. What is the cost for the Juris Doctor program and Master of Laws program after the allocation is complete? Departmental cost allocated to JD Direct Cost: $2,000,000 From Library Services (5,000/6,000) * $250,000 = $208,333
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Quiz #4(solution) - 6A:130 Fall 2007 QUIZ 4 * Must show...

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