Consolidated Magnets, Inc. has 3 plants. Each plant produces identical magnets but Each plant sells to different customers, uses different manufacturing processes. setting its prices. Headquarters' costs total P350,000. Factors that are considered for allocation purposes are as follows: Unit Volume 15,000 19,000 17,500 51,500 25. What is the amount of headqyarters costs allocated to Plant A if payroll is used Peso Volume 500,000 P 900,000 750,000 P 2,150,000 PI,700,000 Assets 300,000 600,000 800,000 Payroll P 335,000 450.000 Plant A Plant B Plant C Totals 280,000 PL.065.000 as the allocation base? а. P. 75,053 b. P 92,019 P 110,094 d. P1,019,357 с. 26. What is the amount of headquarters' costs allocated to Plant B if sales volume, in pesos, is used as the allocated base? а. 81,395 b. P 129,126 P 146,512 d. P 268,605 с.
Consolidated Magnets, Inc. has 3 plants. Each plant produces identical magnets but Each plant sells to different customers, uses different manufacturing processes. setting its prices. Headquarters' costs total P350,000. Factors that are considered for allocation purposes are as follows: Unit Volume 15,000 19,000 17,500 51,500 25. What is the amount of headqyarters costs allocated to Plant A if payroll is used Peso Volume 500,000 P 900,000 750,000 P 2,150,000 PI,700,000 Assets 300,000 600,000 800,000 Payroll P 335,000 450.000 Plant A Plant B Plant C Totals 280,000 PL.065.000 as the allocation base? а. P. 75,053 b. P 92,019 P 110,094 d. P1,019,357 с. 26. What is the amount of headquarters' costs allocated to Plant B if sales volume, in pesos, is used as the allocated base? а. 81,395 b. P 129,126 P 146,512 d. P 268,605 с.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Consolidated Magnets, Inc. has 3 plants. Each plant produces identical magnets but
uses different manufacturing processes. Each plant sells to different customers,
setting its prices. Headquarters' costs total P350,000. Factors that are considered for
allocation purposes are as follows:
Unit Volume
15,000
19,000
17,500
51,500
Peso Volume
500,000 P
900,000
750,000
P 2,150,000 P1,700,000
Assets
300,000
600,000
800,000
Рayroll
P 335,000
Plant A
Plant B
450,000
280,000
PL065.000
Plant C
Totals
25. What is the amount of headqyarters` costs allocated to Plant A if payroll is used
as the allocation base?
а.
75,053
b. Р
92,019
с. Р 10,094
d. P1,019,357
26. What is the amount of headquarters' costs allocated to Plant B if sales volume, in
pesos, is used as the allocated base?
a. P 81,395
b. P 129,126
с. Р 146,512
d. P 268,605
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