Alfred, owner of Hi-Tech Fiberglass Fabricators, Inc., is interested in using the reciprocal allocation method. The following data from operations were collected for analysis:
What is the complete reciprocated cost of the Data Processing Department? (Do not round any intermediary calculations.)
Definitions:
Journal Entries
Records of financial transactions within the accounting system of a business, showing the accounts affected and the amounts involved.
Reimburse
To pay back or compensate for money that has been spent or lost.
Days' Sales Uncollected
A fiscal indicator quantifying the mean span of days required for a business to receive payment post a sale transaction.
Net Credit Sales
Net Credit Sales refer to the total value of sales made on credit during a specific period, minus returns and allowances.
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