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Manufacturing Overhead Distribution Worksheet The following are selected operating data for the production and service departments of Bluestone Company for 2016.         Departments       Service   Production   1 2   1 2 Overhead costs (identified by department)           Indirect material $96,800 $164,400   $50,880 $1,032,000 Indirect labor $194,400 $288,000   $65,168 $2,878,000 Square feet of building floor space used 9,600 14,400   24,000 48,000 Assessed value of equipment used $42,000 $126,000   $252,000 $420,000 Cubic yards of factory space used       176,000 264,000 Machine hours       102,400 409,600 Direct labor       $40,000 $800,000 Building depreciation of $192,000 is allocated on the basis of square feet of floor space. Personal property taxes of $72,000 are allocated on the basis of assessed values of equipment used. Costs for service departments 1 and 2 are allocated to production departments on the basis of cubic yards of factory space and machine hours, respectively.   Required a. Prepare a 2016 overhead distribution worksheet for Bluestone Company similar to the one prepared for Exhibit 3-15.   Use negative signs with answers, when appropriate. Under the Allocation Basis column, select the basis used to calculate each allocation.   Bluestone Company Overhead Distribution Worsksheet For the Year Ended December 31, 2016   Service Dept. 1 Dept. 2 Production Dept. 1 Dept. 2 Allocation Basis Directly identifiable with departments: Indirect material Answer Answer Answer Answer   Indirect labor Answer Answer Answer Answer   Allocated to departments: Building depreciation Answer Answer Answer Answer Answer Personal property taxes Answer Answer Answer Answer Answer Total overhead Answer Answer Answer Answer   Allocation of service departments: Dept. 1 Answer Answer Answer Answer Answer Dept. 2 Answer Answer Answer Answer Answer Total allocated overhead Answer Answer Answer Answer   b. Compute the manufacturing overhead rates for production departments 1 and 2 using machine hours and direct labor costs, respectively, for allocation bases.   Round answers to two decimal places, when applicable. Production Dept. 1 Answer Production Dept. 2 Answer   PreviousSave AnswersNext

Manufacturing Overhead Distribution Worksheet The following are selected operating data for the production and service departments of Bluestone Company for 2016.         Departments       Service   Production   1 2   1 2 Overhead costs (identified by department)           Indirect material $96,800 $164,400   $50,880 $1,032,000 Indirect labor $194,400 $288,000   $65,168 $2,878,000 Square feet of building floor space used 9,600 14,400   24,000 48,000 Assessed value of equipment used $42,000 $126,000   $252,000 $420,000 Cubic yards of factory space used       176,000 264,000 Machine hours       102,400 409,600 Direct labor       $40,000 $800,000 Building depreciation of $192,000 is allocated on the basis of square feet of floor space. Personal property taxes of $72,000 are allocated on the basis of assessed values of equipment used. Costs for service departments 1 and 2 are allocated to production departments on the basis of cubic yards of factory space and machine hours, respectively.   Required a. Prepare a 2016 overhead distribution worksheet for Bluestone Company similar to the one prepared for Exhibit 3-15.   Use negative signs with answers, when appropriate. Under the Allocation Basis column, select the basis used to calculate each allocation.   Bluestone Company Overhead Distribution Worsksheet For the Year Ended December 31, 2016   Service Dept. 1 Dept. 2 Production Dept. 1 Dept. 2 Allocation Basis Directly identifiable with departments: Indirect material Answer Answer Answer Answer   Indirect labor Answer Answer Answer Answer   Allocated to departments: Building depreciation Answer Answer Answer Answer Answer Personal property taxes Answer Answer Answer Answer Answer Total overhead Answer Answer Answer Answer   Allocation of service departments: Dept. 1 Answer Answer Answer Answer Answer Dept. 2 Answer Answer Answer Answer Answer Total allocated overhead Answer Answer Answer Answer   b. Compute the manufacturing overhead rates for production departments 1 and 2 using machine hours and direct labor costs, respectively, for allocation bases.   Round answers to two decimal places, when applicable. Production Dept. 1 Answer Production Dept. 2 Answer   PreviousSave AnswersNext

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Manufacturing Overhead Distribution Worksheet

The following are selected operating data for the production and service departments of Bluestone Company for 2016.

 

      Departments    
  Service   Production
  1 2   1 2
Overhead costs (identified by department)          
Indirect material $96,800 $164,400   $50,880 $1,032,000
Indirect labor $194,400 $288,000   $65,168 $2,878,000
Square feet of building floor space used 9,600 14,400   24,000 48,000
Assessed value of equipment used $42,000 $126,000   $252,000 $420,000
Cubic yards of factory space used       176,000 264,000
Machine hours       102,400 409,600
Direct labor       $40,000 $800,000

Building depreciation of $192,000 is allocated on the basis of square feet of floor space. Personal property taxes of $72,000 are allocated on the basis of assessed values of equipment used. Costs for service departments 1 and 2 are allocated to production departments on the basis of cubic yards of factory space and machine hours, respectively.

 

Required

a. Prepare a 2016 overhead distribution worksheet for Bluestone Company similar to the one prepared for Exhibit 3-15.

 

Use negative signs with answers, when appropriate. Under the Allocation Basis column, select the basis used to calculate each allocation.

 

Bluestone Company
Overhead Distribution Worsksheet
For the Year Ended December 31, 2016
 

Service

Dept. 1 Dept. 2

Production

Dept. 1 Dept. 2

 Allocation Basis
Directly identifiable with departments:
Indirect material Answer Answer Answer Answer  
Indirect labor Answer Answer Answer Answer  
Allocated to departments:
Building depreciation Answer Answer Answer Answer Answer
Personal property taxes Answer Answer Answer Answer Answer
Total overhead Answer Answer Answer Answer  
Allocation of service departments:
Dept. 1 Answer Answer Answer Answer Answer
Dept. 2 Answer Answer Answer Answer Answer
Total allocated overhead Answer Answer Answer Answer  
b. Compute the manufacturing overhead rates for production departments 1 and 2 using machine hours and direct labor costs, respectively, for allocation bases.
 
Round answers to two decimal places, when applicable.
Production Dept. 1 Answer
Production Dept. 2 Answer
 
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