Pronghorn Industries operates two support departments, Personnel and Accounting, and two producingdepartments, Fabrication and Assembly. Information on the support percentages and cost for each department isas follows:PersonnelPersonnelAccounting 10%FabricationAssemblyO $14357.$13700.$13097.$14436.0%30%60%Accounting6%0%55%39%OperatingCosts$17400740010450098500Using the reciprocal method of allocating support costs, what is the total cost allocated to the AssemblyDepartment from the two support departments?

Methods through which service department costs are allocated to production department. (1) Direct…

Answered: ments, Fabrication and Assembly. vs:…

Business

Accounting

ments, Fabrication and Assembly. vs: nel nting Personnel 0% 10% Accou 6% 0%

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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5 Cc Ce X Cla v2.cengagenow.com O search Ce Print Item Date Hc Nov. Fa Item So Mohamed In 1 Bal., 8,400 units, 80% completed 30 Direct materials, 76,000 units 30 Direct labor 30 Factory overhead 30 Goods finished, ? units 30 Bal., 6,700 units, 70% completed bry My ofirvaker Winke/vekurs med extent Win Debit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $110,040 of direct m ACCOUNT Work in Process-Forging Department 972,800 95,340 131,670 W Ap Check My Work 0 more Check My Work uses remaining. Credit < a. Determine the number of units transferred to the next department. 77,700 ✓ units 1.21 ? c. Determine the cost of units started and completed in November. 72,426.90 X go 12.80 V C Debit du Ac Ac AC ACCOUNT NO. Balance 129,528 1,102,328 1,197,668 1,329,338 2 a ? b. Determine the…
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M Thu Sep 8 t 14 of 15 AA Period Ce b Home | bartl... 23 my.post.edu... X 14 Unit 1-... 14 rint ezto.mheducation.com A Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense 5 Total direct manufacturing cost Total indirect manufacturing cost Okay C Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: G what is the h. Average Cost per Unit $ 7.00 $4.50 $ 1.40 $ 4.00 $4.00 $ 2.10 $ 1.10 $ 0.55 14. If 12,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production? (Do not round intermediate calculations.) @ 29% 4 + 88 Init 1-C... You a
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Yuzu: Cost Manac X Q companies using X Process Costing S X a Search Are firms that pro x + 333/epubcfi/6/42[%3Bvnd.vst.idref%3Dchapter06]!/4/38/64/28/2[E6-29]/4/3:5[he%20... A 6-29 Process Costing in Sugar Manufacturing The food-processing industry, like most process industries, is a common user of process costing. Consider, for example, the sugar manufacturing industry. The processes in sugar manufacturing can differ depending on the agricultural product used to produce sugar. When sugar cane is used, the sequence of processes looks something like this: * First: Cane shredding The sugar cane is shredded into small pieces to facilitate its movement through the milling machine. Second: Milling The shredded cane is crushed between the rollers in the milling machine to produce the cane juice. Third: Heating and adding lime In this step, the cane juice is heated to concentrate the juice, and lime is added to reduce acidity. Fourth: Clarifying Impure elements are removed from the juice.…
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