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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. P1 P2 Department Service 1 (S1) Service 2 (S2) Production 1 (P1) Production 2 (P2) Cost $ 47,000 37,000 270,000 320,000 Total Cost Allocated Percentage Service Provided to S1 0% 20 S2 20% 0 What is the amount of service department cost allocated to P1 and P2 using the direct method if the cost in P1 is changed from $270,000 to $290,000? P1 P2 40% 40% 60 20

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. P1 P2 Department Service 1 (S1) Service 2 (S2) Production 1 (P1) Production 2 (P2) Cost $ 47,000 37,000 270,000 320,000 Total Cost Allocated Percentage Service Provided to S1 0% 20 S2 20% 0 What is the amount of service department cost allocated to P1 and P2 using the direct method if the cost in P1 is changed from $270,000 to $290,000? P1 P2 40% 40% 60 20

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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Required information [The following information applies to the questions displayed below.] P1 P2 The following information is departmental cost allocation with two service departments and two production departments. Department Service 1 (S1) Service 2 (S2) Production 1 (P1) Production 2 (P2) Cost $ 47,000 37,000 Total Cost Allocated 270,000 320,000 Percentage Service Provided to S1 0% 20 S2 20% 0 What is the amount of service department cost allocated to P1 and P2 using the direct method if the cost in P1 is changed from $270,000 to $290,000? P1 P2 40% 40% 60 20 4
Transcribed Image Text:Required information [The following information applies to the questions displayed below.] P1 P2 The following information is departmental cost allocation with two service departments and two production departments. Department Service 1 (S1) Service 2 (S2) Production 1 (P1) Production 2 (P2) Cost $ 47,000 37,000 Total Cost Allocated 270,000 320,000 Percentage Service Provided to S1 0% 20 S2 20% 0 What is the amount of service department cost allocated to P1 and P2 using the direct method if the cost in P1 is changed from $270,000 to $290,000? P1 P2 40% 40% 60 20 4
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