Homework Help is Here – Start Your Trial Now!
Business
Accounting
Exercise 9-5 (Algo) Departmental expense allocations LO P2 Renata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Employees Square Feet Asset Values 40 B 64 48 160 Department Materials Personnel Manufacturing Packaging Total 31,000 15,500 77,500 31,000 155,000 $7,600 2,200 50,160 15.960 $ 76,000 The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Indirect Expense Supervision Utilities Insurance Total Cost Allocation Base $ 84,100 Number of employees 66,000 Square feet occupied 30,500 Asset values: $ 180,600

Exercise 9-5 (Algo) Departmental expense allocations LO P2 Renata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Employees Square Feet Asset Values 40 B 64 48 160 Department Materials Personnel Manufacturing Packaging Total 31,000 15,500 77,500 31,000 155,000 $7,600 2,200 50,160 15.960 $ 76,000 The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Indirect Expense Supervision Utilities Insurance Total Cost Allocation Base $ 84,100 Number of employees 66,000 Square feet occupied 30,500 Asset values: $ 180,600

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Hh1.

Account 

Exercise 9-5 (Algo) Departmental expense allocations LO P2 Renata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Employees Square Feet Asset Values $ 7,600 2,280 Department Materials Personnel Manufacturing Packaging Total 40 B Indirect Expense Supervision Utilities Insurance Total 64 48 160 31,000 15,500 77,500 31,000 155,000 50,160 15,960 $ 76,000 The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Cost Allocation Base $ 84,100 Number of employees 66,000 Square feet occupied 30,500 Asset values $180,600 Allocate each of the three indirect expenses to the four departments.
Transcribed Image Text:Exercise 9-5 (Algo) Departmental expense allocations LO P2 Renata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Employees Square Feet Asset Values $ 7,600 2,280 Department Materials Personnel Manufacturing Packaging Total 40 B Indirect Expense Supervision Utilities Insurance Total 64 48 160 31,000 15,500 77,500 31,000 155,000 50,160 15,960 $ 76,000 The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Cost Allocation Base $ 84,100 Number of employees 66,000 Square feet occupied 30,500 Asset values $180,600 Allocate each of the three indirect expenses to the four departments.
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 Numerator Denominator % of Total Percent of Allocation Base Numerator Denominator % of Total Percent of Allocation Base Numerator Denominator % of Total Cost to be Allocated Allocated Cost Cost to be Allocated Allocated Cost Cost to be Allocated Allocated Cost
Transcribed Image Text: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 Numerator Denominator % of Total Percent of Allocation Base Numerator Denominator % of Total Percent of Allocation Base Numerator Denominator % of Total Cost to be Allocated Allocated Cost Cost to be Allocated Allocated Cost Cost to be Allocated Allocated Cost
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Segment Reporting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS