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Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.) Total Cost Allocated Production department 1 Production department 2

Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.) Total Cost Allocated Production department 1 Production department 2

FINANCIAL ACCOUNTING
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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Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other departments is: From P1 51 20% 52 10% ? The direct operating costs of the departments (including both variable and fixed costs) are: 51 52 P1 P2 $1 $ 225,000 72,000 59,000 165,000 52 10% To P2 2% Required: 1. Determine the total cost of P1 and P2 using the direct method. 2. Determine the total cost of P1 and P2 using the step method. 3. Determine the total cost of P1 and P2 using the reciprocal method. Required 1 Required 2 Production department 1 Production department 2 30 Complete this question by entering your answers in the tabs below. Required 3 Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.) Total Cost Allocated
Transcribed Image Text:Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other departments is: From P1 51 20% 52 10% ? The direct operating costs of the departments (including both variable and fixed costs) are: 51 52 P1 P2 $1 $ 225,000 72,000 59,000 165,000 52 10% To P2 2% Required: 1. Determine the total cost of P1 and P2 using the direct method. 2. Determine the total cost of P1 and P2 using the step method. 3. Determine the total cost of P1 and P2 using the reciprocal method. Required 1 Required 2 Production department 1 Production department 2 30 Complete this question by entering your answers in the tabs below. Required 3 Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.) Total Cost Allocated
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