jellybooooo5837
19.03.2020 •
Business
Banc Corp. Trust is considering either a bank-wide overhead rate or department overhead rates to allocate $420,000 of indirect costs. The bank-wide rate could be based on either direct labor hours (DLH) or the number of loans processed. The departmental rates would be based on direct labor hours for Consumer Loans and a dual-rate based on direct labor hours and the number of loans processed for Commercial Loans. The following information was gathered for the upcoming period:
Department DLH Loans Processed Direct Costs
Consumer 12,000 800 $270,000
Commercial 8,000 200 $170,000
Banc Corp. Trust estimates that it costs $400 to analyze and close a commercial loan. This amount has been included in the $420,000 of indirect costs.
Required:
How much of the $420,000 indirect costs should be allocated to the Commercial Department?
Solved
Show answers
More tips
- S Style and Beauty What to Do When Hair Starts Falling Out?...
- H Health and Medicine Novomin: What is it and how to use it?...
- P Philosophy Unbelievable stories of encounters with otherworldly forces...
- L Leisure and Entertainment How to Choose the Perfect Gift for Men on February 23rd?...
- H Health and Medicine How to Treat Whooping Cough in Children?...
- H Health and Medicine Simple Ways to Lower Cholesterol in the Blood: Tips and Tricks...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
Answers on questions: Business
- M Mathematics What is the slope of this graph? A. -1/3 B. -3 C. 3 D. 1/3...
- E English In emily dickenson s poem “hope is the thing with feathers,” what does dickenson use to make sure the reader s focus is in the right place?...
- S Social Studies What kind of sense did the caste system give people...
Ответ:
A. $144,000
Explanation:
Overhead rate to allocate was $420,000
But $270,000 was
Subtracting we get
$150,000.
Now after 6 days, we have
$150,000-$6000=$144,000
Ответ:
The answer is $272,000
Explanation:
The overhead rate to allocate is $420,000 of indirect cost
420,000 - 400 (200)
= 420,000 - 80,000
= $340,000
To calculate the cost per loan
$340,000 / ( 200 + 800)
= $340,000 / 1,000
= $340 per loan
To calculate how much of the indirect cost to allocate to commercial department
$340 (800) + $400 (0)
= $272,000
Ответ: