MULTIPLE CHOICE – PROBLEMS The following information for Ram Corporation relates to questions 1 and 2 Service departments ( total estimated costs) Building and gound maintenance Storeroom Est. DL Hrs. Est. Sq.Ft. No. of Requisitions 21,960.40 15,990.00 P Producing departments (estimated factory overhead costs Department A Department B 42,000.00 51,000.00 750 Bldg. and ground maintenance Storeroom Department A Department B 150 130 1,925 1,200 890 2.330 40 2,500 1,400 The base to be used for allocating the cost of Building and ground maintenance is square feet and for the storeroom cost is the number of requisitions. Direct labor hours are used to compute the producing departments' factory overhead application rawte 1. Using the direct method, what is Department A's factory overhead rate? а. Р 30.30 b. P 47.46 c. P 55.70 d. P 60.53 2. Using the algebraic method, compute for the Building and Grounds Maintenance Department total amount to be allocated to the Storeroom Service Department and both producing departments. (Take all calculations to four decimal places but round all answers to the nearest peso) al P 21,960 b. Р2,584 c. P23,467 d. P24,722

MULTIPLE CHOICE – PROBLEMS The following information for Ram Corporation relates to questions 1 and 2 Service departments ( total estimated costs) Building and gound maintenance Storeroom Est. DL Hrs. Est. Sq.Ft. No. of Requisitions 21,960.40 15,990.00 P Producing departments (estimated factory overhead costs Department A Department B 42,000.00 51,000.00 750 Bldg. and ground maintenance Storeroom Department A Department B 150 130 1,925 1,200 890 2.330 40 2,500 1,400 The base to be used for allocating the cost of Building and ground maintenance is square feet and for the storeroom cost is the number of requisitions. Direct labor hours are used to compute the producing departments' factory overhead application rawte 1. Using the direct method, what is Department A's factory overhead rate? а. Р 30.30 b. P 47.46 c. P 55.70 d. P 60.53 2. Using the algebraic method, compute for the Building and Grounds Maintenance Department total amount to be allocated to the Storeroom Service Department and both producing departments. (Take all calculations to four decimal places but round all answers to the nearest peso) al P 21,960 b. Р2,584 c. P23,467 d. P24,722

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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