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Compute for the total Factory overhead rate of G Department, if the company uses the step method in allocating service department costs and distributes the cost of Department U first, Department V second and finally Department W. The producing departments uses the following bases: Department H, 100,000 direct labor hours; and Department G, 195,000 direct labor hours. * The Madalilangto Ink Company prepared the following table for the year 2019: Service Departments Production Departments G U V 770,000 15,000 23,000 Rent 250,000 100,000 14,500 7,000 Repairs 120,500 30,000 7,000 100,000 94,500 7,500 Fuel 350,000 157,500 9,500 145,000 420,000 6,000 Indirect Labor 170,000 97,500 Indirect 61,000 56,500 127,000 60,000 Materials Heat and Light Depreciation Miscellaneous Following is the result of the factory survey regarding service departments: [A] Department U services G, V, and W in the ratio of 2:1:1, respectively; [B] Department V services Department H, G, U, and W in the ratio of 4:3:2:1, respectively; [C] Department W services Department H and G in the ratio of 3:1, respectively. 202,500 94,000 60,000 151,200 71,300 50,500 9,000 3,000 500 7,500 6,000 1,500 2,000 500 500

Compute for the total Factory overhead rate of G Department, if the company uses the step method in allocating service department costs and distributes the cost of Department U first, Department V second and finally Department W. The producing departments uses the following bases: Department H, 100,000 direct labor hours; and Department G, 195,000 direct labor hours. * The Madalilangto Ink Company prepared the following table for the year 2019: Service Departments Production Departments G U V 770,000 15,000 23,000 Rent 250,000 100,000 14,500 7,000 Repairs 120,500 30,000 7,000 100,000 94,500 7,500 Fuel 350,000 157,500 9,500 145,000 420,000 6,000 Indirect Labor 170,000 97,500 Indirect 61,000 56,500 127,000 60,000 Materials Heat and Light Depreciation Miscellaneous Following is the result of the factory survey regarding service departments: [A] Department U services G, V, and W in the ratio of 2:1:1, respectively; [B] Department V services Department H, G, U, and W in the ratio of 4:3:2:1, respectively; [C] Department W services Department H and G in the ratio of 3:1, respectively. 202,500 94,000 60,000 151,200 71,300 50,500 9,000 3,000 500 7,500 6,000 1,500 2,000 500 500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Compute for the total Factory overhead rate of G Department, if the company uses the step method in allocating service department costs and distributes the cost of Department U first, Department V second and finally Department W. The producing departments uses the following bases: Department H, 100,000 direct labor hours; and Department G, 195,000 direct labor hours. * The Madalilangto Ink Company prepared the following table for the year 2019: Service Departments Production Departments G U V 14,500 30,000 Rent 250,000 7,000 770,000 120,500 15,000 7,500 6,000 97,500 60,000 Repairs Fuel 100,000 350,000 23,000 420,000 9,500 7,000 Indirect Labor 157,500 170,000 145,000 100,000 94,500 Indirect 61,000 56,500 127,000 Materials Heat and Light Depreciation Miscellaneous Following is the result of the factory survey regarding service departments: [A] Department U services G, V, and W in the ratio of 2:1:1, respectively; [B] Department V services Department H, G, U, and W in the ratio of 4:3:2:1, respectively; [C] Department W services Department H and G in the ratio of 3:1, respectively. 202,500 151,200 9,000 6,000 7,500 94,000 71,300 3,000 1,500 2,000 60,000 50,500 500 500 500 Your answer
Transcribed Image Text:Compute for the total Factory overhead rate of G Department, if the company uses the step method in allocating service department costs and distributes the cost of Department U first, Department V second and finally Department W. The producing departments uses the following bases: Department H, 100,000 direct labor hours; and Department G, 195,000 direct labor hours. * The Madalilangto Ink Company prepared the following table for the year 2019: Service Departments Production Departments G U V 14,500 30,000 Rent 250,000 7,000 770,000 120,500 15,000 7,500 6,000 97,500 60,000 Repairs Fuel 100,000 350,000 23,000 420,000 9,500 7,000 Indirect Labor 157,500 170,000 145,000 100,000 94,500 Indirect 61,000 56,500 127,000 Materials Heat and Light Depreciation Miscellaneous Following is the result of the factory survey regarding service departments: [A] Department U services G, V, and W in the ratio of 2:1:1, respectively; [B] Department V services Department H, G, U, and W in the ratio of 4:3:2:1, respectively; [C] Department W services Department H and G in the ratio of 3:1, respectively. 202,500 151,200 9,000 6,000 7,500 94,000 71,300 3,000 1,500 2,000 60,000 50,500 500 500 500 Your answer
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