Chapter)254Numbers 10 to 21 are based on the following data:serviceannualdepartments to the producing departments on the basideavailable:betterthat maintenance and engineering service hours be usedservice cost allocation basis. The following data wasProducing DepartmentsDept. BService DepartmentsDept. ADept. CMaintenance Engineering400Maintenance hoursEngineering hoursOverhead costs800800200400P90,000200400P50,000400P80,000P54,000P12,000p0ol method)whot Chapter 7256Numbers 10 to 21 (Continued):18. Under the step method of cost allocation, assuming that the cost ofMaintenance Department's cost is allocated first, what amount ofmaintenance cost would be allocated to Department B?a. Р3,000b. P2,000c. P8,000d. P-0-19. Assuming the Maintenance Department costs is allocated first, whatamount of Engineering Department cost is allocated to theMaintenance Department under the step method?P10,800b.a.P 9,500P 3,000d. Pс.-0-

The overhead cost of different service department is allocated to production department on the basis…

Answered: Numbers 10 to 21 are ba JGG Company has…

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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services SQU Libraries SQU Portal Attendance English (en O b. OMR605 O c. OMR545 O d. OMR635 O e. OMR575 XYZ Company provided the following information regarding Product XY: Direct material costs OMR3 per unit of product; Direct labor costs OMR5 per direct labor hour; Predetermined overhead rate OMR10 per direct labor hour. The cost of a job for 550 units of product XY, which uses a total of 100 direct labor hours, is: Select one: Oa. OMR5,400 Ob. OMR3,300 Oc. OMR3,150 Od. None of the answers given e. OMR9,900 Total manutacturing costs assioned inclucted 10 units heom ofs tota mana
QQWTWV844 Corporation uses the step-down method to allocate service department costs to operating departments. The company has three service departments and two operating departments. Data concerning those departments follow: Service Departments Janitorial $72,750 Operating Departments Binding $355,000 295 30,000 30,000 Admin. $162,500 Maintenance $39,000 Printing $430,000 Costs # of employees Sq. feet occ. Hours of press time 60 33 132 190 4,000 10,000 15,000 90,000 60,000 QQWTWV844's Admin. Department's costs are allocated on the basis of number of employees; Janitorial Department's costs are allocated on the basis of square feet occupied; Maintenance Department's costs are allocated on the basis of press time hours used. (ID#86342) Q: What is QQWTWV844's total Binding Department's cost (including its beginning cost) after all allocations? A: $
+ I/ MN * 00 SI 回2 ters 8-10 Saved Help Save & Exit Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of units produced as the allocation base. The controller has recommended changing to an activity-based costing (ABC) system. She has collected the following information: Activity AX 14 Cost Driver Amount Number of setups Number of parts Production setups 000 06 $ 000 111,000 Material handling 24 Packaging costs Number of units 333,750 000 $471,750 What is the total overhead per unit allocated to Product M using activity-based costing (ABC)? Multiple Choice $1.86. Mc Graw < Prev 16 of 25 < XƏN 10:21 F (罗 4/15/20 Type here to search PrtSc Delete 1 F10 F11 F12 Ins F8 F5 -D +D 反 F4 & %23 5. 6 3. 4. A G K. H. Alt
Applying Excel 13: Predetermined Overhead Rate ✓ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 A B Raw Materials Inventory 57,500 5,700 43,000 Finished Goods Inventory 216,000 Factory Overhead 14,800 61,000 52,300 6,000 Multiple Choice с =+C17/F11 =+C17/(SUM(B17:B19)) =+E5/E3 37,000 14.800 173,000 =+E5/E4 122,100 D E Assuming the company applies overhead as a percentage of direct labor cost, which formula accurately computes the predetermined overhead rate? Work in Process Inventory 37,000 216,000 111.000 122,100 54,100 Factory Wages Payable 172,000 0 111.000 ......... 61,000
d Required information [The following information applies to the questions displayed below.] Use the following information: Department Service 1 (S1) Service 2 (52) Production 1 (P1) Production 2 (P2) P1 P2 Total Service Department 2's Costs Cost $ 121,000 53,000 435,000 306,000 $ 915,000 3/8 x 5/8 X Percentage Service Provided to S1 0% 20 52 20% 0 What percentage of S2's costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) P1 30% 20 P2 50% 60
EXERCISE 1 XYZ Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity $45,000 80,000 15,000 30,000 50,000 Number of moves Material-handling costs.. Machine costs... 450 Machine hours.. Number of orders. Number of parts.. Number of setups.. 20,000 Order costs.. 750 Receiving costs.. Setup costs.. 50,000 250 Assume that each activity corresponds to a process. XYZ's normal activity is 5,000 direct labor hours. The following two jobs were completed during March: Job X-1 Job Y-4 $1,500 $750 Direct materials $2,000 $750 Direct labor ($15 per hour)... Units completed... Number of moves. Machine hours.. Number of orders. Number of parts. Number of setups.. 200 200 3 6 125 75 3 12 200 800 1 4 Required: 1. Determine the unit cost for each job using direct labor hours to apply overhead.
Question 6: Your company currently produces a range of three products, D, E, and F to which the following details relate for Period 2. D E F Production (units) 1,500 2,500 14,000 Material cost per unit Br. 18 Br. 10 Br. 20 Labor hours per unit 1 3 2 Machine hours per unit 3 2 6 Labor costs are Br. 8 per hour and production overheads are currently absorbed in the conventional system by reference to machine hours. Total production overheads for Period 2 have been analyzed as follows: Set-up cost 327,250 Handling cost 187,000 Machine cost 140,250 Inspection cost 280,500 935,000 Calculate the cost per unit for each product using conventional The introduction of an ABC is being considered and to that end the following volume…
A company has two service departments, S1 and S2, and two production departments, P1 and P2. Departmental data for January is shown below: S1 Costs incurred Service provided to: S1 S2 P1 P2 Total $54,000 0% 20% 35% 45% 100% S2 $35,000 20% 0% 30% 50% 100% P1 $100,000 0% 0% 60% 40% 100% P2 $120,000 0% 0% 70% 30% 100% What are the total costs to P1 and P2 if the company uses the direct and sequential method of allocating its service department costs starting with S1.
Selected data from Design Corporation for 20X6 is as follows: Inventories Materials Work in process Finished goods Beginning $34,000 135,000 110,000 Costs incurred during 20x6 are as follows: Direct materials purchased Manufacturing overhead Direct manufacturing wages Cost of goods sold is Select one: O a. $252,000 O b. $259,000 O c. $244,000 O d. $236,000 Ending $40,000 150,000 102,000 $41,000 $80,000 180% of manufacturing overhead
PLease show work Not sure how to calulate properly IS Personnel Administration Residential Commercial Number of IS service tickets 90 120 75 1,410 940 Number of employees 35 40 27 138 162 Square footage occupied 3,900 8,000 3,800 16,100 69,500 The costs of the service departments and the allocation basis for each department follow. Department Direct Cost Allocation Base Information Systems (IS) $ 17,000 IS service tickets Personnel 24,000 Employees Administration 20,700 Square footage occupied Assume that the company allocates service department costs to production departments using the direct method. What amount of Information Systems (IS) Department costs will be allocated to the Commercial Department? Assume the same method of allocation as in requirement (a). What amount of personnel department costs is allocated to the residential department? I keep getting mixed up
The following information relates to company XYZ. Manufacturing overheads: BWPLighting & Heating 8 000Administration employees 70 000Employee accident insurance 1 200Plant and Equipment Insurance 70 000Plant and Equipment maintenance & repairs (minor) 20 000Plant and Equipment maitenance & repairs (major) 200 000Rent 25 000 department 1 department 2 department 3 area occupied sdm 1200 2300 3500 deppreciation 20000 40000 60000 no of employees 10 18 28 book value 250000 450000 700000 maintanance hours 18000 25000 43000 indirect materias 8000 12000 20000 indirect labour 10000 14000 24000…

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