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Jasola Company uses direct method in allocating service department costs to producing Exercise 5-11 (Departmentalized Overhead Rate vs. Plant-wide Overhead Rate) departments. Costs of đepartment si and S2 are distributed on the basis of number of employees and machine hours respectively, while the allocation başes for predetermined factory overhead in department P1 and P2 are machine hours and direct labor hours, respectively. Service Departments S1 Producing Departments S2 P1 P2 Budgeted Overhead No. of employees P 50,000 P 100,000 20 P 410,000 P 304,000 90 210 28 Machine hours 64,000 16,000 Direct Labor hours 35,000 100,000 ne following data pertain to Job #620: P1 P2 Material Cost Direct labor hours Machine hours P 150 200 500 P 100 350 600

Jasola Company uses direct method in allocating service department costs to producing Exercise 5-11 (Departmentalized Overhead Rate vs. Plant-wide Overhead Rate) departments. Costs of đepartment si and S2 are distributed on the basis of number of employees and machine hours respectively, while the allocation başes for predetermined factory overhead in department P1 and P2 are machine hours and direct labor hours, respectively. Service Departments S1 Producing Departments S2 P1 P2 Budgeted Overhead No. of employees P 50,000 P 100,000 20 P 410,000 P 304,000 90 210 28 Machine hours 64,000 16,000 Direct Labor hours 35,000 100,000 ne following data pertain to Job #620: P1 P2 Material Cost Direct labor hours Machine hours P 150 200 500 P 100 350 600

FINANCIAL ACCOUNTING
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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Exercise 5-11 (Departmentalized Overhead Rate vs. Plant-wide Overhead Rate) departments. Costs of đepartment sĩ and S2 are distributed on the basis of number of Jasola Company uses direct method in allocating service department costs to producing employees and machine hours respectively, while the allocation başes for predetermined factory overhead in department P1 and P2 are machine hours and direct labor hours, 2/2 uportion to the amount of overhead applied to those, respectively. Service Departments S2 Producing Departments P1 P2 Budgeted Overhead P 50,000 P 100,000 20 No. of employees P 410,000 P 304,000 90 210 28 Machine hours 64,000 35,000 The following data pertain to Job #620: 16,000 Direct Labor hours 100,000 P1 P2 Material Cost Direct labor hours Machine hours P 150 200 500 P 100 350 600 REQUIRED: Determine the following: 1. the departmentalized overhead rate in: Department Producing P1 and Producing Department P2 2. Given the data for Job #620, what is the amount of overhead applied to this job if departmentalized overhead rates are used?
Transcribed Image Text:Exercise 5-11 (Departmentalized Overhead Rate vs. Plant-wide Overhead Rate) departments. Costs of đepartment sĩ and S2 are distributed on the basis of number of Jasola Company uses direct method in allocating service department costs to producing employees and machine hours respectively, while the allocation başes for predetermined factory overhead in department P1 and P2 are machine hours and direct labor hours, 2/2 uportion to the amount of overhead applied to those, respectively. Service Departments S2 Producing Departments P1 P2 Budgeted Overhead P 50,000 P 100,000 20 No. of employees P 410,000 P 304,000 90 210 28 Machine hours 64,000 35,000 The following data pertain to Job #620: 16,000 Direct Labor hours 100,000 P1 P2 Material Cost Direct labor hours Machine hours P 150 200 500 P 100 350 600 REQUIRED: Determine the following: 1. the departmentalized overhead rate in: Department Producing P1 and Producing Department P2 2. Given the data for Job #620, what is the amount of overhead applied to this job if departmentalized overhead rates are used?
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