PLS ANSWER AND SHOW SOLUTION Consolidated Magnets, Inc. has 3 plants. Each plant produces identical magnets butuses different manufacturing processes. Each plant sells to different customers,setting its prices. Headquarters' costs total P350,000. Factors that are considered forallocation purposes are as follows:Unit Volume15,00019,00017,50051,500Peso Volume500,000 P900,000750,000P 2,150,000 P1,700,000Assets300,000600,000800,000РayrollP 335,000Plant APlant B450,000280,000PL065.000Plant CTotals25. What is the amount of headqyarters` costs allocated to Plant A if payroll is usedas the allocation base?а.75,053b. Р92,019с. Р 10,094d. P1,019,35726. What is the amount of headquarters' costs allocated to Plant B if sales volume, inpesos, is used as the allocated base?a. P 81,395b. P 129,126с. Р 146,512d. P 268,605

Allocation of cost is the technique using which the common overhead of different departments or…

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.

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

Define Top-down analysis
Please answer G part with explanation. Answer was incoorect in previous solution
Concept of Reconcilation statement with an example .
Define cardinality.
Define transaction
Define discriminant function
Define call option
RTN: What is its significance?