< Back11:08Prepare journal entries for each type of manufacturing cost.3)XL Ltd., has three production departments and four service departments. The expenses for thesedepartments as per Primary Distribution Summary are as follows:Production Departments:ABсService Departments:StoresTime-keeping and AccountsPowerCanteenClass AssignmentHorse power of MachineNumber of workersValue of stores requisition in ($)Dept. AQ($)300203,000,0002,600,0002,50,0002,400,0004,00,000300,000Write down the analysis part of the all above mentions questions otherwise assignment will not accepted.The following information is also available in respect of the production departments:160,000100,000Dept. B300($)158,000,0001,50,000($)960,000Dept. CA20015441,00,000PREPARE a statement apportioning the costs of service departments over the production departments.

Costs incurred in Service Department are apportioned to the production department using the suitable…

3) XL Ltd., has three production departments and four service departments. The expenses for these departments as per Primary Distribution Summary are as follows: Production Departments: A B C Service Departments: Stores Time-keeping and Accounts Power Canteen Horse power of Machine Number of workers Value of stores requisition in ($) Dept. A 300 ($) 20 3,000,000 2,600,000 2,50,000 2,400,000 ($) 4,00,000 300,000 Write down the analysis part of the all above mentions questions otherwise assignment will not accepted. 160,000 The following information is also available in respect of the production departments: 100,000 Dept. B 300 ($) 15 8,000,000 1,50,000 ($) 960,000 Dept. C 200 15 1,00,000 PREPARE a statement apportioning the costs of service departments over the production departments.

3) XL Ltd., has three production departments and four service departments. The expenses for these departments as per Primary Distribution Summary are as follows: Production Departments: A B C Service Departments: Stores Time-keeping and Accounts Power Canteen Horse power of Machine Number of workers Value of stores requisition in ($) Dept. A 300 ($) 20 3,000,000 2,600,000 2,50,000 2,400,000 ($) 4,00,000 300,000 Write down the analysis part of the all above mentions questions otherwise assignment will not accepted. 160,000 The following information is also available in respect of the production departments: 100,000 Dept. B 300 ($) 15 8,000,000 1,50,000 ($) 960,000 Dept. C 200 15 1,00,000 PREPARE a statement apportioning the costs of service departments over the production departments.

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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Bed & Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Total $ 4,130,000 1,223,000 2,907,000 2,160,000 $ 747,000 Department Hardware $ 3,060,000 814,000 2,246,000 1,310,000 $936,000 Required: What is the financial advantage (disadvantage) of discontinuing the Linens Department? Financial (disadvantage) Linens $ 1,070,000 409,000 661,000 850,000 $ (189,000) A study indicates that $377,000 of the fixed expenses being charged to Linens are sunk costs or allocated costs that will continue even if the Linens Department is dropped. In addition, the elimination of the Linens Department will result in a 18% decrease in the sales of the Hardware Department.