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Renata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Employees Square Feet Asset Values $ 6,400 3,840 32,640 21,120 $ 64,000 Department Materials Personnel Manufacturing Packaging Total 36 9 Total 66 39 150 49,000 14,000 56,000 21,000 140,000 The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Indirect Expense Supervision Utilities Insurance Cost Allocation Base $ 82,500 Number of employees 54,000 Square feet occupied 24,500 Asset values. $ 161,000 Allocate each of the three indirect expenses to the four departments.

Renata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Employees Square Feet Asset Values $ 6,400 3,840 32,640 21,120 $ 64,000 Department Materials Personnel Manufacturing Packaging Total 36 9 Total 66 39 150 49,000 14,000 56,000 21,000 140,000 The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Indirect Expense Supervision Utilities Insurance Cost Allocation Base $ 82,500 Number of employees 54,000 Square feet occupied 24,500 Asset values. $ 161,000 Allocate each of the three indirect expenses to the four departments.

FINANCIAL ACCOUNTING
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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Supervision expenses Department Materials Personnel Manufacturing Packaging Totals Utilities Department Materials Personnel Manufacturing Packaging Totals Insurance Department Materials Personnel Manufacturing Packaging Totals Allocation Base Number of employees Allocation Base Square feet occupied Allocation Base Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 0 Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 0 Cost to be Allocated Allocated Cost 0 0 Cost to be Allocated Allocated Cost 0 Cost to be Allocated Allocated Cost 0 0
Transcribed Image Text:Supervision expenses Department Materials Personnel Manufacturing Packaging Totals Utilities Department Materials Personnel Manufacturing Packaging Totals Insurance Department Materials Personnel Manufacturing Packaging Totals Allocation Base Number of employees Allocation Base Square feet occupied Allocation Base Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 0 Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 0 Cost to be Allocated Allocated Cost 0 0 Cost to be Allocated Allocated Cost 0 Cost to be Allocated Allocated Cost 0 0
Renata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Department Materials Personnel Manufacturing Packaging Total Employees Square Feet Asset Values $ 6,400 3,840 32,640 21,120 $ 64,000 36 9 66 39 150 49,000 14,000 56,000 21,000 140,000 The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Indirect Expense Supervision Utilities Insurance Total Cost Allocation Base $ 82,500 Number of employees 54,000 Square feet occupied 24,500 Asset values $ 161,000 Allocate each of the three indirect expenses to the four departments.
Transcribed Image Text:Renata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Department Materials Personnel Manufacturing Packaging Total Employees Square Feet Asset Values $ 6,400 3,840 32,640 21,120 $ 64,000 36 9 66 39 150 49,000 14,000 56,000 21,000 140,000 The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Indirect Expense Supervision Utilities Insurance Total Cost Allocation Base $ 82,500 Number of employees 54,000 Square feet occupied 24,500 Asset values $ 161,000 Allocate each of the three indirect expenses to the four departments.
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