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18,526 23. If the step method of allocation is used, how much would be allocated from supervision to building occupancy? а. b. P1,750 с. Р 2,200 d. P 2,444

18,526 23. If the step method of allocation is used, how much would be allocated from supervision to building occupancy? а. b. P1,750 с. Р 2,200 d. P 2,444

FINANCIAL ACCOUNTING
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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A summary of the usage of the service department services by other service departments as well as by the two producing departments is as follows: Building Production Dept. Equipment Service Cost Center Súpervision Maintenance Occupancy Dept.1 Dept. 2 45% 55% 45% 10% 5% 40% Supervision Equipment maint. Building occunpany 10% Direct costs in the various departments are as follows: 45% 10% 35% Label S1 Department Supervision Equipment maintenance Building occupancy Production Dept. No. 1 Production Dept. No. 2 Direct Cost P 35,000 30,000 90,000 350,000 450,000 S2 S3 P1 P2 20. If the direct method of allocation is used, how much of the supervision department's cost would be allocated to the building occupancy department? (Start with Building occupancy, then Supervision) a. b. P1,750 с. Р 3,500 d. P5.250
Transcribed Image Text:A summary of the usage of the service department services by other service departments as well as by the two producing departments is as follows: Building Production Dept. Equipment Service Cost Center Súpervision Maintenance Occupancy Dept.1 Dept. 2 45% 55% 45% 10% 5% 40% Supervision Equipment maint. Building occunpany 10% Direct costs in the various departments are as follows: 45% 10% 35% Label S1 Department Supervision Equipment maintenance Building occupancy Production Dept. No. 1 Production Dept. No. 2 Direct Cost P 35,000 30,000 90,000 350,000 450,000 S2 S3 P1 P2 20. If the direct method of allocation is used, how much of the supervision department's cost would be allocated to the building occupancy department? (Start with Building occupancy, then Supervision) a. b. P1,750 с. Р 3,500 d. P5.250
21. if the direct method of allocation is used, how much of the equipment maintenance costs would be allocated to production department No. 1? а. b. P13,500 P 16,500 d. P 30,000 C. Yorn Todel is 22.If the step method of allocation is used, how much would be allocated from supervision to production department No. 1 P 14.000 P 16.471 P 17,600 d. P 18,526 а. 19 120 b. с. 23. If the step method of allocation is used, how much would be allocated from supervision to building occupancy? a. b. P1,750 с. Р2,200 d. P 2,444 Stargazer Company logged 7,250 machine hours for the month of June. P42,500 was spent for manufacturing overhead and this overhead is allocated on the basis of machine hours. The company operates 5 departments; however, one department was closed for the month of June due to poor market conditions for its product. It was decided that this department (#3) should be allocated a lump sum of P5,000 as its share of June overhead. 24. If this policy is followed, how much overhead would be charged to Department 2, which used 1,750 machine hours? P 1,207 b. Р9,052 с. Р10,259 d. P20,714 а.
Transcribed Image Text:21. if the direct method of allocation is used, how much of the equipment maintenance costs would be allocated to production department No. 1? а. b. P13,500 P 16,500 d. P 30,000 C. Yorn Todel is 22.If the step method of allocation is used, how much would be allocated from supervision to production department No. 1 P 14.000 P 16.471 P 17,600 d. P 18,526 а. 19 120 b. с. 23. If the step method of allocation is used, how much would be allocated from supervision to building occupancy? a. b. P1,750 с. Р2,200 d. P 2,444 Stargazer Company logged 7,250 machine hours for the month of June. P42,500 was spent for manufacturing overhead and this overhead is allocated on the basis of machine hours. The company operates 5 departments; however, one department was closed for the month of June due to poor market conditions for its product. It was decided that this department (#3) should be allocated a lump sum of P5,000 as its share of June overhead. 24. If this policy is followed, how much overhead would be charged to Department 2, which used 1,750 machine hours? P 1,207 b. Р9,052 с. Р10,259 d. P20,714 а.
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