answer in text form please (without image) 1. Jamison Company uses the reciprocal services method to allocate support department costs and has gathered the following information:Department PercentageCafeteria50%Cutting10%Assembly 40%Department PercentageJanitorial 20%Cutting60%Assembly 20%Janitorial Department costs are $450,000.Cafeteria Department costs are $250,000.What is the total Janitorial Department cost using the reciprocal services method?Round your answer to two decimal places.Total Janitorial Department cost

Lets understand the basics.Service department costs can be allocated using either,(1) Direct…

feteria 50% utting 10% sembly 40% artment Percentage nitorial 20% utting 60% sembly 20% torial Department costs are $450,000. teria Department costs are $250,000. at is the total Janitorial Department cost using the reciprocal services method?

feteria 50% utting 10% sembly 40% artment Percentage nitorial 20% utting 60% sembly 20% torial Department costs are $450,000. teria Department costs are $250,000. at is the total Janitorial Department cost using the reciprocal services method?

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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Concept explainers

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit. Overhead expenses depend upon the nature of the business operations.

Question

answer in text form please (without image)

1. Jamison Company uses the reciprocal services method to allocate support department costs and has gathered the following information:
Department Percentage
Cafeteria
50%
Cutting
10%
Assembly 40%
Department Percentage
Janitorial 20%
Cutting
60%
Assembly 20%
Janitorial Department costs are $450,000.
Cafeteria Department costs are $250,000.
What is the total Janitorial Department cost using the reciprocal services method?
Round your answer to two decimal places.
Total Janitorial Department cost

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