Vd Required:1. Determine the total estimated overhead cost for each of the producing departments after allocating the cost of the servicedepartmenta. Using employee headcount as the allocation base.b. Using occupied space as the allocation base.c. Using productive capacity as the allocation base.d. Using the 3-year average use as the allocation base.a. Using employee headcount as the allocation baseb. Using occupied space as the allocation basec. Using productive capacity as the allocation based. Using the 3-year average use as the allocation baseP1P2Total Great Ape Glassworks manufactures glass used for the screens on smartphones. It has two producing departments,P1 and P2, and only one service department, S1. The company is able to track overhead to the various departmentsbut wants to allocate the service department costs to the producing departments. However, the company is not surewhich of the multiple allocation bases should be selected. The data it collected appear in the table below.Department22OverheadAssigned$ 150,000250,00074,000Potential allocation baseEmployee headcountSpace used (in square feet)Part 1 (Static)Productive capacity (in units)3-year average percentage of 51 output used iP1602,00050,00060%P2206,00075,00040%

Lets understand the basics.Overead costs are the total of all indirect costs incurred in the…

1. Determine the total estimated overhead cost for each of the producing departments after allocating the cost of the service department: a. Using employee headcount as the allocation base. b. Using occupied space as the allocation base. c. Using productive capacity as the allocation base. d. Using the 3-year average use as the allocation base. a. Using employee headcount as the allocation base b. Using occupied space as the allocation base c. Using productive capacity as the allocation base d. Using the 3-year average use as the allocation base P1 P2 Total

1. Determine the total estimated overhead cost for each of the producing departments after allocating the cost of the service department: a. Using employee headcount as the allocation base. b. Using occupied space as the allocation base. c. Using productive capacity as the allocation base. d. Using the 3-year average use as the allocation base. a. Using employee headcount as the allocation base b. Using occupied space as the allocation base c. Using productive capacity as the allocation base d. Using the 3-year average use as the allocation base P1 P2 Total

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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