A company has three production departments and two service departments, and for a period the departmental distribution summary has the following totals : $ Production Departments : P1-$800 ; P2-$700 and P3-$500 Service Departments :51-$234 and S2–-$300 2,000 534 2,543 The expenses of the service departments are charged out on a percentage basis as follows: P1 P2 P3 s1 s2 Service Department S1 20% 40% 30% 10% Service Department S2 40% 20% 20% 20% Prepare a statement showing the apportionment of two service departments expenses to Production Departments by Simultaneous Equation Method.

A company has three production departments and two service departments, and for a period the departmental distribution summary has the following totals : $ Production Departments : P1-$800 ; P2-$700 and P3-$500 Service Departments :51-$234 and S2–-$300 2,000 534 2,543 The expenses of the service departments are charged out on a percentage basis as follows: P1 P2 P3 s1 s2 Service Department S1 20% 40% 30% 10% Service Department S2 40% 20% 20% 20% Prepare a statement showing the apportionment of two service departments expenses to Production Departments by Simultaneous Equation Method.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A1
Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below. Total Company Division L $151,000 92,110 58,890 30,870 Division Q $390,000 195,000 195,000 97,600 $ 97,400 Sales $541,000 287,110 Variable expenses Contribution margin Traceable fixed expenses 253,890 128,470 Segment margin 125,420 $2 3 Common fixed expenses 70,310 Net operating income $ 55,110 The break-even in sales dollars for Division Q is closest to: (Round your Intermedlate calculations to 2 decimal places.) Multiple Cholce $327.250 O $195.20o S335.820 11:05 AM 自 0 W 92°F AQI 61 9/24/2021 here to search DELL
Please do not Give image format
Bonanza has two operating departments (Movies and Video Games) and one service department (Office). Its departmental income statements follow. Indirect expenses and service department expenses consist of rent, utilities, and office department expenses. Departmental Income Statements Video For Year Ended December 31 Movies Games Combined $600,000 420,000 180,000 $200,000 154,000 46,000 $800,000 574,000 226,000 Sales Cost of goods sold Gross profit Expenses Sales salaries Supplies used Depreciation-Equipment 70,500 5,000 7,500 50,000 9,000 49,500 21,000 1,000 4,000 4,500 41,000 7,380 3,000 9,000 1,620 Rent Utilities Share of office department 56,250 18,750 75,000 expenses Total expenses Income (loss) 162,630 $ 17,370 54,370 $ (8,370) 217,000 $ 9,000 Req 1. Prepare a departmental contribution to overhead report (see Exhibit 22.12). 2. Should the video games department be eliminated? Explain.
Rahul
Required: (for peso value round off to P1.00; two decimal places for percentage) Using the step down method, allocate service department costs to producing departments and calculate the overhead rates for each producing department
Nn. 119.
What is the transaction's profit?
12. Allocate the overhead expenses of $50,000 among the branch offices of Pickford Associates according to the number of employees. Number of Branch Overhead Employees A B 9. C 8 E 12
The KC Services Company has the following data: Sales revenue $645 Managers salary $60 other sales $77 Depreciation $61 labor $80 Rent $82 Marketing costs $45 other costs $64 plant maintenance $35 Supervisory equal 27 of the labor Administrative costs $81 Calculate the gross margin Note Please give your answers with 2 numbers after the decimal point.
A company has two service departments (S1 and S2) and two production departments (P1 and P2). Departmental data for January were as follows:
1. Fruit Tea's data show the following information: Aug. 25,000 31 1.75 Estimated sales (units) Sales price per unit Direct labor per unit unit $ $ Labor rate per hour $ C. Direct materials budget d. Direct labor budget Sept. 25,000 31 $ $ $ 21 $ Nov. Dec. 27,500 28,000 $ $ 31 $ 31 1.75 $ 1.75 $ 1.50 $ 1.50 $ 1.50 1.50 $ 21 $ 24 $ 24 $ 24 Oct. 27,000 31 New machinery will be added in October. This machine will reduce the labor required per unit and increase the labor rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next month's requirements. Direct material requires 2.5 pounds per unit at a cost of $5 per pound. The ending inventory required for direct materials is 20% of the next month's needs. In August, the beginning inventory is 3,750 units of finished goods and 13,125 pounds of materials. For the first quarter ending in October prepare a: a. Sales budget b. Production budget 4