Bens corporation has three service departments (repairs, hr, and it) and two production departments (m1 and m2). the following usage data for each of the service departments for the previous period follow. repairs hr it m1 m2 repairs — 0 % 0 % 40 % 60 % hr 10 % — 20 % 35 % 35 % it 0 % 10 % — 20 % 70 % the direct costs of the service departments in the previous period were $60,000 for repairs, $118,800 for hr, and $135,000 for it. required: use the reciprocal method to allocate the service department costs to the production departments. (matrix algebra is not required.) (negative amounts should be indicated by a minus sign. do not round intermediate calculations.)

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

$1,240 is the answer! ~ hope i !