A8 AllocationUse the following information to answer questions belowThe three service departments (indirect costs) are payroll, sales supervision and maintenance.The actual costs of these departments are as follows:PayrollSalaries and wagesUtilitiesSupplies$41,000$3,500$4,000MachiningAssemblySales Supervision82,0001,600$ 2,400$$The two operating departments and their statistics are as follows:SquareNumber ofFootage14,5004,600Employees7852$62,000$ 2,400$ 7,500NetAssets420,000280,000Maintenance If you allocate Maintenance department costs by square footage, how much of themaintenance cost will be allocated to the assembly department?1) 17,3602) 54,5833) 35,9504) 45,474

The traditional method of overhead allocation is based on a predetermined overhead rate. The…

Allocation Use the following information to answer questions below The three service departments (indirect costs) are payroll, sales supervision and maintenance. The actual costs of these departments are as follows: Salaries and wages Utilities Supplies Payroll $41,000 $ $3,500 $ $4,000 Machining Assembly $ The two operating departments and their statistics are as follows: Number of Square Footage 14,500 4,600 Sales Supervision 82,000 1,600 2,400 Employees 78 52 $62,000 $ 2,400 $ 7,500 Net Assets 420,000 280,000 Maintenance

Allocation Use the following information to answer questions below The three service departments (indirect costs) are payroll, sales supervision and maintenance. The actual costs of these departments are as follows: Salaries and wages Utilities Supplies Payroll $41,000 $ $3,500 $ $4,000 Machining Assembly $ The two operating departments and their statistics are as follows: Number of Square Footage 14,500 4,600 Sales Supervision 82,000 1,600 2,400 Employees 78 52 $62,000 $ 2,400 $ 7,500 Net Assets 420,000 280,000 Maintenance

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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