Renata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Employees Square Feet Asset Values 26 $ 9,300 13 2,480 52 39 130 Department Materials Personnel Manufacturing Packaging Total 30,000 12,000 66,000 12,000 120,000 The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation E Cost Allocation Base Indirect Expense Supervision Utilities Insurance. $82,700 Number of employees 52,000 Square feet occupied 23,500 Asset values Total $ 158,200 Supervision expenses Department Materials Personnel Manufacturing Packaging Allocate each of the three indirect expenses to the four departments. Totals Utilities Department Materials Personnel 37,820 12,400 $ 62,000 Allocation Base Allocation Base Percent of Allocation Base Numerator Denominator % of Total Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 0 0 0 Cost to be Allocated Cost to be Allocated Allocated Cost 0 0 Allocated Cost

Q: ow to do a P&L statement

A: A profit & loss statement shows the organization's revenue, expenses, and its profit for a…

Q: Define T- account.

A: Transaction:   It is an economic event that is recorded in the accounting system of an organisation.…

Q: When are data in 3NF?

A:

Q: Please explain the calculation of C transactions

A: Retirement of bonds means the bonds which was issued earlier are retired. In simple, the amount is…

Q: What is the function of the Bill Window? What GL account is Bill Window associated with?

A: The Bill Window is a feature of modern accounting software that allows users to easily track and…

Q: 1= 2(1+g) or D1 = 2? Why?

A: Companies pay dividend to shareholder out of net income but some of earnings are retained for the…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.