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enata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Employees Square Feet Asset Values $ 6,000 Department Materials Personnel Manufacturing Packaging Total Supervision expenses Department Materials Personnel Manufacturing Packaging 27 9 63 51 150 The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Allocation Base Indirect Expense Supervision Utilities Cost $82,500 Number of employees 50,000 square feet occupied 22,500 Asset values Insurance Total $ 155,000 Allocate each of the three indirect expenses to the four departments. Totals 25,000 5,000 55,000 15,000 100,000 1,200 37,800 15,000 $ 60,000 Allocation Base Percent of Allocation Base Denominator Numerator % of Total Cost to be Allocated Allocated Cost

enata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Employees Square Feet Asset Values $ 6,000 Department Materials Personnel Manufacturing Packaging Total Supervision expenses Department Materials Personnel Manufacturing Packaging 27 9 63 51 150 The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Allocation Base Indirect Expense Supervision Utilities Cost $82,500 Number of employees 50,000 square feet occupied 22,500 Asset values Insurance Total $ 155,000 Allocate each of the three indirect expenses to the four departments. Totals 25,000 5,000 55,000 15,000 100,000 1,200 37,800 15,000 $ 60,000 Allocation Base Percent of Allocation Base Denominator Numerator % of Total Cost to be Allocated Allocated Cost

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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Renata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Employees Square Feet Asset Values 27 $ 6,000 1,200 37,800 15,000 $ 60,000 Department Materials Personnel Manufacturing Packaging Total The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Indirect Expense Supervision Utilities Insurance Total Supervision expenses Department Materials Personnel Manufacturing Packaging 9 63 51 150 Totals Utilities Department Materials Personnel 25,000 5,000 55,000 15,000 100,000 Allocate each of the three indirect expenses to the four departments. dar Cost Allocation Base $82,500 Number of employees 50,000 square feet occupied 22,500 Asset values $ 155,000 Allocation Base Allocation Base Percent of Allocation Base Denominator Numerator % of Total Percent of Allocation Base Denominator Numerator % of Total Cost to be Allocated Cost to be Allocated Allocated Cost Allocated Cost
Transcribed Image Text:Renata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Employees Square Feet Asset Values 27 $ 6,000 1,200 37,800 15,000 $ 60,000 Department Materials Personnel Manufacturing Packaging Total The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Indirect Expense Supervision Utilities Insurance Total Supervision expenses Department Materials Personnel Manufacturing Packaging 9 63 51 150 Totals Utilities Department Materials Personnel 25,000 5,000 55,000 15,000 100,000 Allocate each of the three indirect expenses to the four departments. dar Cost Allocation Base $82,500 Number of employees 50,000 square feet occupied 22,500 Asset values $ 155,000 Allocation Base Allocation Base Percent of Allocation Base Denominator Numerator % of Total Percent of Allocation Base Denominator Numerator % of Total Cost to be Allocated Cost to be Allocated Allocated Cost Allocated Cost
$ 155,000 Allocate each of the three indirect expenses to the four departments. Total Supervision expenses Department Materials Personnel Manufacturing Packaging Totals Utilities Department Materials Personnel Manufacturing Packaging Totals Insurance Department Materials Personnel Manufacturing Packaging Totals Allocation Base Allocation Base Allocation Base Percent of Allocation Base Denominator Numerator % of Total Percent of Allocation Base Numerator Denominator Numerator % of Total Percent of Allocation Base Denominator % of Total Cost to be Allocated Cost to be Allocated Cost to be Allocated Allocated Cost Allocated Cost Allocated Cost
Transcribed Image Text:$ 155,000 Allocate each of the three indirect expenses to the four departments. Total Supervision expenses Department Materials Personnel Manufacturing Packaging Totals Utilities Department Materials Personnel Manufacturing Packaging Totals Insurance Department Materials Personnel Manufacturing Packaging Totals Allocation Base Allocation Base Allocation Base Percent of Allocation Base Denominator Numerator % of Total Percent of Allocation Base Numerator Denominator Numerator % of Total Percent of Allocation Base Denominator % of Total Cost to be Allocated Cost to be Allocated Cost to be Allocated Allocated Cost Allocated Cost Allocated Cost
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