13. HHWW Company produces two types of products: A and B. Both are produced on the same assembly line but are considered separate divisions. The company wants to know how to allocate manufacturing overhead to the products. The relevant data for the possible allocation bases are given below A B P25,000 35,000 P145,000 15,000 30,000 Materials used P40,000 20,000 P100,000 6,000 25,000 Direct labor hours Direct labor costs Machine hours Output units The company incurred manufacturing overhead of P48,000. Using direct labor hours, how much overhead will be allocated to the B? a. P29,544 b. P30,545 C P30,455 d. P34,054 14. Using machine hours, how much overhead will be allocated to the A? a. P13,714 C. P17,455 b. P28,500 d. P34,286

13. HHWW Company produces two types of products: A and B. Both are produced on the same assembly line but are considered separate divisions. The company wants to know how to allocate manufacturing overhead to the products. The relevant data for the possible allocation bases are given below A B P25,000 35,000 P145,000 15,000 30,000 Materials used P40,000 20,000 P100,000 6,000 25,000 Direct labor hours Direct labor costs Machine hours Output units The company incurred manufacturing overhead of P48,000. Using direct labor hours, how much overhead will be allocated to the B? a. P29,544 b. P30,545 C P30,455 d. P34,054 14. Using machine hours, how much overhead will be allocated to the A? a. P13,714 C. P17,455 b. P28,500 d. P34,286

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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(Appendix 4B) Sequential Method of Support Department Cost Allocation Stevenson Company is divided into two operating divisions: Battery and Small Motors. The company allocates power and general factory costs to each operating division using the sequential method. General Factory is allocated first in the sequential method for the company. Support department cost allocations using the sequential method are based on the following data: Support Departments Operating Divisions Overhead costs Machine hours Square footage Direct labor hours Required: Power Allocation ratios for General Factory Battery Power Small Motors $160,000 Allocation ratios for Power 2,000 1,000 General Factory $430,000 1. Calculate the allocation ratios for Power and General Factory. (Note: Carry these calculations out to four decimal places.) 2,000 1,500 Battery $163,000 7,000 7,500 18,000 Small Motors $84,600 1,500 20,000 60,000
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kk. Subject :- Accounting
What is the total costs transferred from Department 2 to Department 3? a.P200,045 b.P280.702 c.P274,140 d.P195,175
What is the total units to account for (TUTAF) in Department B? a.48,900 b.49,000 c.49,400 d.48,400
Subject: Cost AccountingPlease answer the questions given. Thank you!
Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead. Unit product cost Additional data concerning these products are listed below. Multiple Choice Product C Product B Product D Product A Products A B C D $17.20 $ 21.10 $ 14.10 $ 16.80 19.20 22.60 17.00 11.00 6.00 7.20 29.10 16.00 $71.50 A 2.25 $ 86.70 $ 2.95 4,600 9.70 16.10 $66.90 $ 56.90 Products Grinding minutes per unit Selling price per unit Variable selling cost per unit Monthly demand in units. The grinding machines are potentially the constraint in the production facility. A total of 10,500 minutes are available per month on these machines. Direct labor is a variable cost in this company. Which product makes the MOST profitable use of the grinding machines? Note: Round your intermediate calculations to 2 decimal places. B 1.30 $ 79.10 $ 3.65 3,600 C 0.85 $ 75.90 $4.40 3,600
COST ACCOUNTING PLS SHOW SOLUTION
Volume-based method of overhead cost allocation Required: -Allocate costs to products on the basis of labour hours -Over head cost rate = - Please write the formula or equation