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- am. 293.Support Department Allocations The centralized computer technology department of Hardy Company has expenses of $458,500. The department has provided a total of 13,100 hours of service for the period. The Retail Division has used 5,109 hours of computer technology service during the period, and the Commercial Division has used 7,991 hours of computer technology service. How much should each division be allocated for computer technology department services? Do not round interim calculations. Retail Division $ Commercial Division $a) A company estimated 129,411 direct labor hours and $798,195 in overhead. The actual overhead was $612,116, and there were 195,635 direct labor hours. What is the total applied overhead? Round to the nearest penny, two decimal places. b) A company estimated 111,680 direct labor hours and $810,549 in overhead. The actual overhead was $875,663, and there were 108,349 direct labor hours. How much is overhead under- or over- applied? Round to the nearest penny, two decimal places. Enter an overapplied overhead as a negative amount. For example, if it is overapplied by 500.00, the input would be -500.00 do not use parenthesis
- A company incurred $120,000 of common fixed costs and $180,000 of common variable costs. These costs are to be allocated to Departments XX and YY. Data on capacity provided and capacity used are as follows: Department XX YY Capacity Provided in Hours 500 300 Capacity Used in Hours 400 400 Assume that common fixed costs are to be allocated to Departments XX and YY on the basis of capacity provided and that common variable costs are to be allocated to Departments XX and YY on the basis of capacity used. The fixed and variable costs allocated to Department XX are: Fixed Variable $75,000 $112,500 O b. $75,000 $90,000 Ос $60,000 $112,500 Od $60,000 $90,000Service Department Operating Department Physical Administration Assembly $ 127,160 Testing $ 737,860 Plant $ 26,220 $ 78,860 Departmental costs Employee time Space occupied 1,000 1,000 4,000 25,000 12,000 9,000 37,000 6,000 Administration Department costs are allocated first on the basis of employee time and Physical Plant Department costs are allocated second on the basis of space occupied. The total Testing Department cost after allocations is closest to: Multiple Choice $754,279 $757,240 $748,960 $757,368EX5-2 (Algo) Calculate the direct and total direct costs... Calculate the direct and total direct costs of labor for a project team member using the following data: (Round the final answer to the nearest dollar.) Hourly rate Hours needed Overhead rate Direct Cost of Labor Total Direct Cost $ 50/hr 126 30%
- 6. A Company has two service departments, Facilities and Human Resources, as well as two line departments, Machining and Assembly. Facilities Department costs are allocated based on square footage and Human Resources Department costs are allocated based on number of employees. The following data was available: Facilities Human Res. Machining $210,000 $180,000 $76,000 1,000 2,000 4,000 30 20 60 8,000 Direct costs Square footage Number of employees Direct labor hours Assembly $85,000 6,000 100 6,000 a) Use the direct method to allocate service department costs to line departments b) Use the step-down method to allocate service department costs to line departments. Start with facilities.Allocate the service cost using the following reciprocal method.Vernon Services Company has 53 employees, 38 of whom are assigned to Division A and 15 to Division B. Vernon incurred $318,530 of fringe benefits cost during year 2. Required Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B. Allocated Cost Division A B
- 49-Assume that XYZ LLc is producing 50000 units of Product A. The direct material cost per unit is OMR50, direct labour cost per unit OMR 20, direct labor hours per unit 2 hours, and machine hours per unit 3 hours. Production overhead split by departments are Department X OMR 1,200,000 and Department Y OMR 1,500,000. Total labour hours in Dept. X is 120,000; Total machine hours in Dept. Y 500,000. Identify the product cost per unit from the following given options based on Traditional costing method by assuming Department X is labor intensive and Y is machine intensive. O a. OMR 99 O b. OMR 120 O c. OMR 105 O d. OMR 110Please help me53 Tiffany charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of labor hours. The following data pertain to the current year: Budgeted manufacturing overhead: $3,750,000 Actual manufacturing overhead: $3,767,500 Budgeted labor hours: 125,000 Actual labor hours: 126,500 Which of the following choices is the correct status of manufacturing overhead at year-end? Multiple Choice O Overapplied by $27,500. Underapplied by $27,500. O Overapplied by $45,000. O Overapplied by $17,500. Underapplied by $17,500.
