A summary of the usage of the service department services by other servicedepartments as well as by the two producing departments is as follows:EquipmentBuildingProduction Dept.Service Cost Center Supervision Maintenance Occupancy Dept.1SupervisionEquipment maint.Building occunpany 10%Direct costs in the various departments are as follows:Dept. 245%10%5%40%45%35%0.55%10%045%DepartmentSupervisionEquipment maintenanceBuilding occupancyProduction Dept. No. IProduction Dept. No. 2Direct CostP 35,00030,00090,000350,000450,000LabelSIS2S3P1P2 d.22.If the step method of allocation is used, how much would be allocated fromsupervision to production department No. 1a. P14.000b. P16.471c. P17,600d. P18,526

Overhead: It is the indirect cost incurred in addition to the direct costs for manufacture of…

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: Equipment Building Service Cost Center Supervision Maintenance Occupancy Dept.I Supervision Equipment maint. Building occunpany 10% Production Dept. Dept. 2 45% 10% 5% 40% 45% 55% 45% 10% 35% Direct costs in the various departments are as follows: Direct Cost P 35,000 30,000 90,000 350,000 450,000 Department Supervision Equipment maintenance Building occupancy Production Dept. No. I Production Dept. No. 2 Label SI S2 S3 P1 P2

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: Equipment Building Service Cost Center Supervision Maintenance Occupancy Dept.I Supervision Equipment maint. Building occunpany 10% Production Dept. Dept. 2 45% 10% 5% 40% 45% 55% 45% 10% 35% Direct costs in the various departments are as follows: Direct Cost P 35,000 30,000 90,000 350,000 450,000 Department Supervision Equipment maintenance Building occupancy Production Dept. No. I Production Dept. No. 2 Label SI S2 S3 P1 P2

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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