Required information[The following information applies to the questions displayed below.]The following information is departmental cost allocation with two service departments and two production departments.Percentage ServiceProvided toP1P1DepartmentService 1 (51)Service 2 (52)Production 1 (P1)Production 2 (P2)Cost$ 46,00036,000260,000310,000Total CostAllocated250What is the amount of service department cost allocated to P1 and P2 using the direct method?40%45 cesP1P2DepartmentService 1 (S1)Service 2 (52)Production 1 (P1)Production 2 (P2)Required information[The following information applies to the questions displayed below.]The following information is departmental cost allocation with two service departments and two production departments.Percentage ServiceProvided toTCost$ 46,00036,000260,000310,000Total CostAllocated0%25What is the amount of service department cost allocated to P1 and P2 using the direct method?40% 40%30BDEVEL

Solution: Under direct method of service department cost allocation, cost of service department is…

P1 Required information [The following information applies to the questions displayed below. The following information is departmental cost allocation with two se P2 Department Service 1 (S1) Service 2 (52) Production 1 (P1) Production 2 (P2) Cost $ 46,000 36,000 260,000. 310,000 Total Cost Allocated Percentage Service Provided to 0% What is the amount of service department cost allocated to P1 and P2 using 25 S2 P1 P2 20% 40% 40% 0 45

P1 Required information [The following information applies to the questions displayed below. The following information is departmental cost allocation with two se P2 Department Service 1 (S1) Service 2 (52) Production 1 (P1) Production 2 (P2) Cost $ 46,000 36,000 260,000. 310,000 Total Cost Allocated Percentage Service Provided to 0% What is the amount of service department cost allocated to P1 and P2 using 25 S2 P1 P2 20% 40% 40% 0 45

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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Required Information [The following information applies to the questions displayed below.] Use the following information: P1 P2 Department Cost Service 1 (51) $115,000 Service 2 (52) 47,000 Production 1 375,000 (P1) Production 2 (P2) Total 246,000 $783,000 Percentage Service Provided to S1 0% S2 P1 P2 25% 30% 45% 20 60 20 0 What percentage of S1's costs is allocated to P1 and to P2 under the direct method? Service Department 1's Costs
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of 4 1 int rences P1 P2 Department Service 1 (S1) Service 2 (52) Production 1 (P1) Production 2 (P2) Required information [The following information applies to the questions displayed below.] The following information is departmental cost allocation with two service departments and two production departments. Cost $ 46,000 36,000 260,000 310,000 Total Cost Allocated my paisaje co $1 300 BAUA Percentage Service Provided to 25 0% //////// Ben na mon What is the amount of service department cost allocated to P1 and P2 using the direct method? 52 20% 40% 0 BAHAN ******* W P2 40% Saved
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