Alice gibbons owns and operates alices abstracting service, Ask an Expert

Accounting

Alice Gibbons owns and operates Alice's Abstracting Service. Alice's two revenue generating operations (Abstracting Services and Closing Services) are supported by two service departments: Clerical and Custodial. Costs in the service departments are allocated in the following order using the designated allocation bases.

Clerical: number of transactions processed
Custodial: square footage of space occupied

Average and expected activity levels for next month are as follows:
# of Transactions Square Footage Expected Costs

Abstract Services 50 1800
Closing Services 2200
Clerical 25 1600 $40,000
Custodial 5 $10,000

Required:the service department costs to the revenue generating departments. Provide the total costs for the revenue departments.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9966368

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