Computer services 015 030 055 the actual results for

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Fundamentals of Financial Management
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Chapter 11 / Exercise 7B
Fundamentals of Financial Management
Brigham
Expert Verified
Computer Services0.150.300.55The actual results for the time period were as follows:Used BySupplied ByBuilding & GroundsComputer ServicesSignsMailers Buildings & Grounds0.100.600.30Computer Services0.250.350.40Actual cost data for each department are:FixedVariableBuildings & Grounds$ 50,000$90,000Computer Services$100,000$21,0003.Total fixed costs allocated from Buildings & Grounds to the Signs Department, using the preferred allocation basis, by the direct allocation method area.$37,500.b.$33,333.c. $30,000.d.$25,000.
4.Total variable costs allocated from Computer Services to Mailers Department, using the preferred allocation basis, by the step-down allocation method (begin with Building & Grounds) are
5.The equation to determine the total variable costs of Computer Services using the preferred allocation basis for the reciprocal allocation method is
6.If a cost is incurred for more than one user, that cost is considered a(n)
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Fundamentals of Financial Management
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Chapter 11 / Exercise 7B
Fundamentals of Financial Management
Brigham
Expert Verified
7.Which of the following is often the most basic cause of contract disputes?a.Allowable costsb.Cost-allocation issuesc.Use of common costsd.Writing into the contract “rules of the game”
8.Bundling of products creates the need for revenue allocation for each of the following except when
Use the following information for questions 9 and 10.Trio Company sells three products, Do, Ra, and Mi, for prices of $8, $7, and $5, respectively. They also offer combinations of the products for reduced overall prices. The following packages are available: (1) a package containing Do and Ra sells for $13.50, (2) a package of Do and Mi sells for $11.50, (3) a package containing Ra and Mi sells for $10.50, and (4) a package of all three products, Do, Ra, and Mi, sells for $17.00.9.If Trio Company uses the stand-alone method (based on selling prices) to allocate revenues to products, the amount of revenues to be allocated to Do from a package of all three products, as described in (4) above, sold would be

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