Homework Help is Here – Start Your Trial Now!
Business
Accounting
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. a. T 120 P 16.471 P 17,600 d. P18,526 с.

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. a. T 120 P 16.471 P 17,600 d. P18,526 с.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

pls answer item 22 only, tysm

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.
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
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
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
SEE MORE TEXTBOOKS