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AGA Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) GAFRB Question # 24 Topic 3 Discussion

AGA Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) GAFRB Question # 24 Topic 3 Discussion

GAFRB Exam Topic 3 Question 24 Discussion:
Question #: 24
Topic #: 3

The budget office for the county has been tasked with identifying the full costs of its vehicle fleet program. Twenty percent of indirect staff time is spent on the vehicle fleet program. Budget staff has gathered the following data from all agencies that support the fleet program:

Fleet personnel costs $ 80,000

Annual fuel costs $ 10,000

Annual fleet depreciation $ 50,000

Procurement personnel costs $200,000

Accounting personnel costs $100,000

Fleet garage rent $ 40,000

Based on this information, the budget office identifies the full cost of this fleet program as


A.

$190.000.


B.

$240.000.


C.

$430.000.


D.

$480.000.


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