Using the Reciprocal Services Method, Which of the Following Equations

question 74

Multiple Choice

Using the reciprocal services method, which of the following equations represents the correct algebraic expression to determine Janitorial Department costs when the total costs of the Janitorial Department (J) include not only $500,000 of direct costs but also 25% of the Maintenance Department (M) cost and the Maintenance Department includes not only $450,000 of direct costs but also 30% of the Janitorial Department? (Hint: This equation is derived from the two separate equations representing each department's costs.)

• A)J = $500,000 + [(0.25 ÷ $450,000) + (0.30 ÷ J)]
• B)J = ($500,000 × 0.25) + [($450,000 × 0.20) + J]
• C)J = $500,000 - (0.25 × $450,000) - (0.20 × J)
• D)J = $500,000 + {0.25 × [$450,000 + (0.20 × J)]}

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Definitions:

AASB 137

The Australian Accounting Standards Board's standard on Provisions, Contingent Liabilities, and Contingent Assets, which outlines how to account for and disclose these items in financial statements.

Insurance Entities

Insurance entities are companies or corporations that provide insurance policies to protect individuals or businesses against risks in exchange for premium payments.

Employee Benefits

Various forms of non-wage compensation provided to employees in addition to their normal wages or salaries.