ngagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSession Locator-assignment-take&inprogress=false HV.GOV - Vehic... M Mobiloil Federal Cre... m MeridianLink Consu... m Application FIS eAccess eBook Number of employees 40 70 150 Square footage 1,300 5,700 13,600 Q The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. Now assume that Chekov Company uses the sequential method support department costs. The support departments are ranked in order of highest cost to lowest cost. Required: 1. Calculate the allocation ratios (rounded to six significant digits) for the four departments using the sequential method. If an amount is zero, enter "0". Use the rounded values for subsequent calculations. Human Resources Human Resources 0✓ < General Factory 0.06310 X Proportion of Driver Used by General Factory Fabricating 0 ° Assembly 2. Using the sequential method, allocate the costs of the Human Resources and General Factory departments to the Fabricating and Assembly departments. If an amount is zero, enter "0". Round your answers to the nearest dollar. Support Departments General Factory Producing Departments Fabricating Assembly Human Resources Direct costs Allocate: General Factory Human Resources Total after allocation Feedback Check My Work 1. The sequential method, as well as direct and reciprocal methods, allocates all support department costs to the producing departments.
ngagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSession Locator-assignment-take&inprogress=false HV.GOV - Vehic... M Mobiloil Federal Cre... m MeridianLink Consu... m Application FIS eAccess eBook Number of employees 40 70 150 Square footage 1,300 5,700 13,600 Q The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. Now assume that Chekov Company uses the sequential method support department costs. The support departments are ranked in order of highest cost to lowest cost. Required: 1. Calculate the allocation ratios (rounded to six significant digits) for the four departments using the sequential method. If an amount is zero, enter "0". Use the rounded values for subsequent calculations. Human Resources Human Resources 0✓ < General Factory 0.06310 X Proportion of Driver Used by General Factory Fabricating 0 ° Assembly 2. Using the sequential method, allocate the costs of the Human Resources and General Factory departments to the Fabricating and Assembly departments. If an amount is zero, enter "0". Round your answers to the nearest dollar. Support Departments General Factory Producing Departments Fabricating Assembly Human Resources Direct costs Allocate: General Factory Human Resources Total after allocation Feedback Check My Work 1. The sequential method, as well as direct and reciprocal methods, allocates all support department costs to the producing departments.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:ngagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSession Locator-assignment-take&inprogress=false
HV.GOV - Vehic... M Mobiloil Federal Cre... m MeridianLink Consu... m Application
FIS eAccess
eBook
Number of employees
40
70
150
Square footage
1,300
5,700
13,600
Q
The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. Now assume that Chekov Company uses the sequential method
support department costs. The support departments are ranked in order of highest cost to lowest cost.
Required:
1. Calculate the allocation ratios (rounded to six significant digits) for the four departments using the sequential method. If an amount is zero, enter "0". Use the rounded values for subsequent calculations.
Human Resources
Human Resources
0✓
<
General Factory
0.06310 X
Proportion of Driver Used by
General Factory
Fabricating
0
°
Assembly
2. Using the sequential method, allocate the costs of the Human Resources and General Factory departments to the Fabricating and Assembly departments. If an amount is zero, enter "0". Round your answers to the nearest dollar.
Support Departments
General Factory
Producing Departments
Fabricating
Assembly
Human Resources
Direct costs
Allocate:
General Factory
Human Resources
Total after allocation
Feedback
Check My Work
1. The sequential method, as well as direct and reciprocal methods, allocates all support department costs to the producing departments.
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