21 Use the data to complete a First-Stage Allocation to Activity Cost Pools. 22 When completing the table, copy formulas as appropriate. 23 24 D 868858 25 26 Production Department: 27 28 29 30 31 32 General Administration Department: 33 34 35 36 37 Marketing Department: 38 39 40 41 Total 42 43 Activity Cost Pools Total

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
B
C
D
1 The following information relates to overhead cost at Chocolates by Jacki for the current year.
2 Total costs and distribution of resource consumption across activity cost pools:
3
4
5
A
6 Production Department:
7 Indirect factory wages
8
Factory equipment depreciation
Factory utilities
9
10 Factory property taxes and insurance
11
12 General Administrative Department:
13 Administrative wages and salaries
14 Office equipment depreciation
15 Administrative property taxes and insurance
16
17 Marketing Department:
18 Marketing wages and salaries
19 Selling expenses
20
Total Cost
$
400,000
150,000
120,000
75,000
275,000
40,000
60,000
150,000
100,000
Customer
Orders
21 Use the data to complete a First-Stage Allocation to Activity Cost Pools.
22 When completing the table, copy formulas as appropriate.
23
50%
55%
59%
57%
20%
32%
0%
20%
32%
Activity Cost Pools
Product
Development
30%
30%
34%
33%
10%
16%
0%
E
10%
16%
Customer
Relations
15%
0%
0%
0%
40%
15%
0%
40%
15%
F
Other
G
Total
5% 100%
15% 100%
7% 100%
10% 100%
30% 100%
37% 100%
100% 100%
30% 100%
37% 100%
Transcribed Image Text:B C D 1 The following information relates to overhead cost at Chocolates by Jacki for the current year. 2 Total costs and distribution of resource consumption across activity cost pools: 3 4 5 A 6 Production Department: 7 Indirect factory wages 8 Factory equipment depreciation Factory utilities 9 10 Factory property taxes and insurance 11 12 General Administrative Department: 13 Administrative wages and salaries 14 Office equipment depreciation 15 Administrative property taxes and insurance 16 17 Marketing Department: 18 Marketing wages and salaries 19 Selling expenses 20 Total Cost $ 400,000 150,000 120,000 75,000 275,000 40,000 60,000 150,000 100,000 Customer Orders 21 Use the data to complete a First-Stage Allocation to Activity Cost Pools. 22 When completing the table, copy formulas as appropriate. 23 50% 55% 59% 57% 20% 32% 0% 20% 32% Activity Cost Pools Product Development 30% 30% 34% 33% 10% 16% 0% E 10% 16% Customer Relations 15% 0% 0% 0% 40% 15% 0% 40% 15% F Other G Total 5% 100% 15% 100% 7% 100% 10% 100% 30% 100% 37% 100% 100% 100% 30% 100% 37% 100%
B
21 Use the data to complete a First-Stage Allocation to Activity Cost Pools.
22 When completing the table, copy formulas as appropriate.
CHELSEN & ERE,
24
25
26 Production Department:
27
28
29
31
32 General Administration Department:
33
34
35
36
37 Marketing Department:
38
39
979939
40
41 Total
42
43
44
45
C
D
Activity Cost Pools
E
F
Total
G
4
Transcribed Image Text:B 21 Use the data to complete a First-Stage Allocation to Activity Cost Pools. 22 When completing the table, copy formulas as appropriate. CHELSEN & ERE, 24 25 26 Production Department: 27 28 29 31 32 General Administration Department: 33 34 35 36 37 Marketing Department: 38 39 979939 40 41 Total 42 43 44 45 C D Activity Cost Pools E F Total G 4
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Cost allocation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education