Logan Products has two production departments-assembly and finishing. These are supported by two service departments-sourcing (purchasing and handling of materials and human resources) and operations (work scheduling, supervision, and inspection). Logan has the following labor hours devoted by each of the service departments to the other departments. Sourcing Sourcing Operations 10,000 The costs incurred in the plant are as follows: Departments Sourcing Operations Assembly Finishing Total Total Labor Hours Used by Departments Operations 20,000 Assembly 40,000 60,000 a Direct Method Assembly Finishing b. Step Method Assembly Finishing Reciprocal Method Departmental Costs $ 201,000 265,000 434,000 279,000 $1,170,000 Required: 1. What are the costs allocated to the two production departments using (a) the direct method, (b) the step method, when the sourcing department that provides the greatest percentage of services to other service departments goes first, and (c) the reciprocal method? 2. What are the total costs in the production departments after allocation? (For all requirements, do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Total Service Department Cost Allocated Finishing 60,000 50,000 Total Production Cost

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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.