21. if the direct method of allocation is used, how much of the equipment maintenance costs would be allocated to production department No. 1? a. b. P 13,500 с. Р 16,500 d. P 30,000 22.If the step method of allocation is used, how much would be allocated from supervision to production department No. 1 P 14.000 b. P16.471 iluow or а. P 17,600 d. P18,526 с. 23. If the step method of allocation is used, how much would be allocated from supervision to building occupancy? а. b. P1,750 c. P 2,200 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 PS,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. Р 9,052 а. ia od bleo c. P10,259 d. P20,714

21. if the direct method of allocation is used, how much of the equipment maintenance costs would be allocated to production department No. 1? a. b. P 13,500 с. Р 16,500 d. P 30,000 22.If the step method of allocation is used, how much would be allocated from supervision to production department No. 1 P 14.000 b. P16.471 iluow or а. P 17,600 d. P18,526 с. 23. If the step method of allocation is used, how much would be allocated from supervision to building occupancy? а. b. P1,750 c. P 2,200 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 PS,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. Р 9,052 а. ia od bleo c. P10,259 d. P20,714

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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