HelpSave & Exi30s0:00 7 6:35Logan Corporation has 60 employees, 25 in "A-line," and 35 in "B-line." Logan incurred $210,000 in fringe benefits costs last year. How much in fringebenefit costs should be allocated to "A-line"?Multiple Choice$210,000$175,000$87,500cannot determine from the information given.< Prev10of 10Score answer >

Answered: 60 employees, 25 in "A-line," allocated…

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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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 $90,000
Service 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 $757,368
EX5-2 (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%
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
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School of Business and School of Education. Each of the operating departments uses the services of the company's two support departments: IT - Department and HR - Department. Additionally, the IT and HR departments use the services of each other. Data concerning the past year are as follows: Support Departments Operating Department IT HR School of School of Department HR - Dept. Business Education Total Budgeted Overhead Cost before any $437,500 $375,120 $ 825,250 $956,330 $2,594,200 departmental cost allocation Support work furnished by IT - Dept. Budgeted IT Salaries 0 $20,000 $80,000 $100,000 $200,000 Percentage 0 10.00% 40.00% 50.00% 100.00% Support work furnished by HR - Dept. Budgeted IT Service hours 1250 0 3,000 2,000 6, 250 Percentage 20.00% 0 48.00 % 32.00 % 100.00% Directions: 1. What are the total overhead costs of the operating departments (Business and Education) after the support - department costs of the IT Dept. and Human Resource Dept. have been allocated using (a)…
BluStar Company has two service departments, Administration and Accounting, and two operating departments, Domestic and International. Administration costs are allocated on the basis of employees, and Accounting costs are allocated on the basis of number of transactions. A summary of BluStar operations follows. Administration Accounting domestic International Employees – 21 36 43 Transactions 32,000 – 21,000 84,000 Department direct costs 360,000 140,000 $ 935,000 $ 3,730,000 Required: a. Allocate the cost of the service departments to the operating departments using the direct method.b. Allocate the cost of the service departments to the operating departments using the step method. Start with Administration.c. Allocate the cost of the service departments to the operating departments using the reciprocal method.
Current Attempt in Progress Blue Spruce's Medical operates three support departments and two operating units, Surgery and ER. The support departments are allocated based on the hours used. The cost of operating the accounting (acct), administration (admin), and human resources (HR) departments is $267800, $150600, and $71600, respectively. Information on the hours used are as follows: Hours in Acct Hours in Admin Hours in HR Acct $0. $276955. $274542. $251890. 16 8 Admin 20 4 HR 48 8 Surgery ER 360 220 120 65 80 130 What are the total costs allocated to the surgery department from the supporting departments? (Do not round the intermediate calculations.)
Complete the following (assume $93,500 of overhead to be distributed): (Round the "Ratio" to 2 decimal places.) Amount of Overhead Square Feet Ratio Allocated Department A Department B 15,040 31,960

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60 employees, 25 in "A-line," allocated to "A-line"?