Gemini Inc. operates a goods store that caters for government, private individuals, andorganizations. The company has three service departments and two operating departments.Data on the five departments are presented below.Service DepartmentsOperating Time left 0:23:06DepartmentsHumanResourcesInformation SecuritySystemsCorporate ConsumerSales SalesTotalOverhead costs$81,000$61,000 $32,000 $242,000 $486,000 $902,00021104030101325182017004,165No. of employeesProcessing time (inminutes)320Sq. ft. of SpaceOccupied2,0009,00014,00056,00081,000The allocation base for Human Resources is the number of employees. Information systemsallocation base is processing time. And square feet of space occupied is the allocation basefor Security. Costs are apportioned using the Step-down Method.What are the Total Costs after Apportionment for the Corporate Sales and Consumer Salesdepartments?Select one:OA. $322,649 and $579,351OB. $325,230 and $576,770OC. $322,245 and $579,755D. $320,245 and $581,755Clear my choice

The answer is C. $322,245 and $579,755.We can find the total costs after apportionment for the…

Answered: Gemini Inc. operates a goods store that…

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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A sada manufacturer has two operating departments. Miong and Botting Mixing has 600 employees and Botting has 400 employees. Office costs of $320,000 are allocated to operating departments based number of employees. The office costs allocated to the Botting department are Murple Choice O O O $90,000 $64,000 $200,000 $192.000
Woodbury Hospital provided the following data for its three service departments and three operating departments. Total cost Meals served Square feet of space Files processed Service Department Housekeeping Services Food Services Administrative Services Housekeeping Services $ 87,000 Departmental costs before allocations Allocations: Housekeeping Services costs Food Services costs Service Departments 5,000 Administrative Services costs Total costs after allocations Square feet of space Meals served Files processed Food Services $ 301,060 13,000 Allocation Bases Administrative Services $ 249,020 888 6,500 The costs of the service departments are allocated by the step-down method using the allocation bases and in the order shown in the following table: Housekeeping Services Operating Departments Laboratory $ 485,900 2,888 10,000 14,800 Radiology $ 520,500 1,000 7,500 7,000 All billing in the hospital is done through Laboratory, Radiology, or General Hospital. The hospital's administrator…
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General Printing Company has three service departments and two operating departments. Selected data for the five departments relating to the most recent period follow: Service Departments Training Janitorial Maintenance "$96,000 Operating Departments Litho $534,000 Offset Printing Direct Overhead costs $400,000 $210,000 $ 400,000 Number of employees Square metres of space occupied 120 70 280 630 420 1,000 2,000 4,000 8,000 40,000 20,000 60,000 Number of Machine-hours The company allocates service department costs in the following order and using the bases indicated: Training (number of employees), Janitorial (Space Occupied) and Maintenance (hours of press time). REQUIRED: Prepare a schedule, in good format, allocating the service departments' costs using the Step Method.
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Required information [The following information applies to the questions displayed below.] Arctica manufactures snowmobiles and ATVS. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. Budget For Year Ended December 31 Direct materials Direct labor Totals Department manager salaries Supplies used Utilities Rent Totals Snowmobile $ 19,810 10,700 ▸ 4,600 3,630 Controllable Costs Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Budgeted $ 390 6,000 $ 45,130 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. 0 $ ATV $ 27,800 20,800 5,500 Actual 930 570 6,600 $ 62,200 Actual Snowmobile $ 19,720 10,990 4,700 3,470 360 5,600 $ 44,840 Over…
Yozamba Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasing. The corporate expenses for the year ended December 31, 20Y7, are as follows: Tech Support Department $800,100 Purchasing Department 258,000 Other corporate administrative expenses 455,000 Total corporate expense $1,513,100 The other corporate administrative expenses include officers’ salaries and other expenses required by the corporation. The Tech Support Department charges the divisions for services rendered, based on the number of computers in the department, and the Purchasing Department charges divisions for services, based on the number of purchase orders for each department. The usage of service by the two divisions is as follows: Tech Support Purchasing Consumer Division 390 computers 6,000 purchase orders Commercial Division 240 11,200 Total 630 computers 17,200 purchase orders The service department charges of the…
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ABC Corporation has three support departments with the following costs and cost drivers: Support Department Cost Cost Driver Graphics Production $200,000 number of copies made Accounting 500,000 number of invoices processed Personnel 400,000 number of employees ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows: Micro Macro Super Revenues $700,000 $850,000 $650,000 Direct operating expenses 50,000 70,000 100,000 Number of copies made 20,000 30,000 50,000 Number of invoices processed 700 800 500 Number of employees 130 145 125 The support department allocation rate for the Accounting Department is a. $714 b. $625 c. $250 d. $0.004

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