I need help in solving my accounting homework. Direct Method to be exact Number 1 letter A 20,0032Problem 5hermal Corporation has two producing department and two service departmentsLabeled Pl, P2, SI, and S2, respectively Direct costs for each department and theproportion of services costs used by various departments are as follows.Proportion of services usedby:P2CestDirectdiCenterP1Costs90,00060,00020.00032,000SI$2P1RedP2SIS2.1050.103080.20in calculating predetermined overhead rates, machine hours are used as the base in P1and direct labor hours as tlhe base in P2.PI50,00040,000P240,00020,000ProbCentP2,Machine hoursDirect labor hoursservRequirements:1. Allocate the service department costs to operating departments and compute thefactory overhead rate for PI and P2 using the following inethods:A. Direct Methodb.Step method - start with SIC. Algebraic method2. Assume the company uses just one basis for applying overhead to jobs goingthrough both Pi and P2, compute the overhead rate using direct labor hours asbase.

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Description: I need help in solving my accounting homework. Direct Method to be exact Number 1 letter A 20,0032Problem 5hermal Corporation has two producing department and two service departmentsLabeled Pl, P2, SI, and S2, respectively Direct costs for each depar

The direct allocation method seems to be a way of allocating service department costs to other areas…

Answered: I need help in solving my accounting…

Business

Accounting

I need help in solving my accounting homework. Direct Method to be exact Number 1 letter A

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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