**Transcription of Financial Allocation Task for Educational Context**---**Scenario Overview:** Jordan Services Company employs a total of 68 individuals, distributed between two divisions. Specifically, 26 employees are allocated to Division A, while 42 employees are assigned to Division B. During the fiscal year, Jordan Services incurred a total fringe benefits cost amounting to $413,440.**Task Requirement:** It is required to determine how the total fringe benefits cost should be allocated between Division A and Division B.**Allocation Table:** | Division | Allocated Cost ||----------|----------------|| A | || B | |**Explanation:** The process involves dividing the fringe benefits cost in proportion to the number of employees in each division. This ensures equitable distribution based on the personnel allocation between the two divisions.---

Fringe benefits cost per employee = Total Fringe benefits cost / Total no. of employee = $413440/68…

Answered: Jordan Services Company has 68…

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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Assume a company provided the following information: Departmental costs Number of employees Square feet of space occupied Multiple Choice If the company (1) uses the direct method to allocate service department costs to operating departments, (2) allocates Cafeteria costs based on the number of employees, and (3) allocates Janitorial costs based on square feet of space of occupied, then the cost allocated from the Cafeteria Department to the Lab Department is closest to: C $58,338. $63,467. $76,800. Service Departments Operating Departments Cafeteria Janitorial Lab Tech $232,000 $950,000 32 68 $240,000 $140,000 20 2,000 11,000 9,000 $116,800. 10 3,000
Presented below are certain operating data for the four departments of Tally Manufacturing Company. Service Production 1 2 1 2 Total manufacturing overhead costs either identifiable with or allocated to each department $72,000 $86,400 $108,000 $117,600 Square feet of factory floor space 48,000 96,000 Number of factory workers 110 70 Planned direct labor hours for the year 24,000 36,000 Allocate, to the two production departments, the costs of service departments 1 and 2, using factory floor space and number of workers, respectively, as bases. Do not round bases when calculating reallocations of service departments. Production 1 2 Identifiable and allocated overhead Answer Answer Reallocation of service departments: Dept. 1 Factory floor space Answer Answer Dept. 2 Number of factory workers Answer Answer Total manufacturing overhead Answer Answer What is the apparent…
A
answer must be in table format or i will give down vote
B6).
Activity and selected costs for three production departments (Training, Independent, and Commercial) and two service departments (Accounting and Facilities) at DuBay Films for the past month follow: Supplying Department Accounting Facilities Direct cost From: Service department costs Accounting Facilities Accounting Total allocations Direct costs Total costs 0 0.10 $ 240,000 Facilities 0.40 Accounting $ 209,500 Required: Allocate service department costs to Training, Independent, and Commercial using the reciprocal method. What are the total costs of Training, Independent, and Commercial after this allocation? Using Department Training Note: Amounts to be deducted should be indicated by a minus sign. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts. 0.30 0.20 $ 380,000 Facilities Independent 0.20 0.20 $ 206,000 Cost Allocation To: Training Commercial 0.10 0.50 $ 292,000 Independent Commercial
Assume the labor rate variance is $400 unfavorable and the labor spending variance is $200 unfavorable. Given these assumptions, which of the following statements is true? Multiple Choice The labor efficiency variance must be $600 favorable. The labor efficiency variance must be $600 unfavorable. The labor efficiency variance must be $200 favorable. The labor efficiency variance must be $200 unfavorable.
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