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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O MyPath Home Content O Managerial Accounting, Fifteenth x My Questions | bartleby х O File | C:/Users/pse/Documents/managerial-accounting-15th-edition.pdf Managerial Accounting, Fifteenth Edition 204 / 795 Required: 1. Compute the cost per equivalent unit for materials, for labor, and for overhead. 2. Compute the total cost per equivalent whole unit. EXERCISE 4-4 Applying Costs to Units-Weighted-Average Method [LO4–4] Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion Equivalent units of production in ending work in process Cost per equivalent unit 2,000 $13.86 800 $4.43 A total of 20,100 units were completed and transferred to the next processing department during the period. Required: Compute the cost of the units transferred to the next department during the period and the cost of ending work in process inventory. EXERCISE 4-5 Cost Reconciliation…
Chapter) 254 Numbers 10 to 21 are based on the following data: service annual departments to the producing departments on the baside available: better that maintenance and engineering service hours be used service cost allocation basis. The following data was Producing Departments Dept. B Service Departments Dept. A Dept. C Maintenance Engineering 400 Maintenance hours Engineering hours Overhead costs 800 800 200 400 P90,000 200 400 P50,000 400 P80,000 P54,000 P12,000 p0ol method) whot
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EXCEL PROBLEM 6-9. Choice of Allocation Base, Problems with Cost Allocation [LO 1] Tilden Financial Services has two divisions, Financial Planning and Business Consulting. The firm's accountants are in the process of selecting an allocation base to allocate centrally provided per- sonnel costs to the divisions. Two allocation bases have been proposed: salary and headcount (number of employees). Personnel costs are expected to to the allocation: $1,500,000. The following data relate Financial Planning Business Consulting Salaries $15,000,000 $5,000,000 ,006 Headcount 200 50 REQUIRED a. Prepare a schedule showing the allocations to the two divisions using each allocation base. b. Referring to your answer to part a, explain why allocations are sometimes considered arbitrary.
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e Preview 4) F3 $ R 01- Arctic Air Inc. manufactures cooling units for commercial buildings. The price and cost of goods sold for each unit are as follows: Category Price Cost of goods sold Gross profit F4 Customer service Project bidding Engineering support Total costs In addition, the company incurs selling and administrative expenses of $226,250. The company wishes to assign these costs to its three major customers, Gough Industries, Breen Inc., and The Martin Group. These expenses are related to three major nonmanufacturing activities: customer service, project bidding, and engineering support. The engineering support is in the form of engineering changes that are placed by the customer to change the design of a product. The budgeted activity costs and activity bases associated with these activities are: S⁰5 Activity Number of service requests Number of bids Number of customer design changes Unit volume % Activity 3:0 F5 T Activity-base usage and unit volume information for the…