please solve all parts within 30 minutes.... Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distributioreach service department's efforts (in percentages) to the other departments is:FromS1S2S1S1S2P1P220%$ 170,00064,00051,000125,000S2P120% 30%?ToThe direct operating costs of the departments (including both variable and fixed costs) are:Required 1 Required 2Required:1. Determine the total cost of P1 and P2 using the direct method.2. Determine the total cost of P1 and P2 using the step method.3. Determine the total cost of P1 and P2 using the reciprocal method.Production department 1Production department 2Complete this question by entering your answers in the tabs below.P2Required 1 Required 2?%Production department 1Production department 240Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.)Total CostAllocatedRequired 1 Required 2Production department 1Production department 2Required 3Required 3Determine the total cost of P1 and P2 using the step method. (Do not round intermediate calculations.)Total CostAllocated< Required 1Required 3< Required 1Complete this question by entering your answers in the tabs below.Required 2 >Total CostAllocatedDetermine the total cost of P1 and P2 using the reciprocal method. (Do not round intermediate calculations. Round your finalanswers to whole dollars.)Required 3 >< Required 2Required 3 >

Cost allocation is the process of relieving the cost centers of shared service organizations that…

Answered: Robinson Products Company has two…

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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(Chapter 4: Process Improvement) Consider a process consisting of three resources. Assume the demand rate is 8 units/hour. The process activities are always performed in the following sequence. Resource 1 has a processing time of 5 minutes per unit. Resource 2 has a processing time of 4 minutes per unit. Resource 3 has a processing time of 6 minutes per unit. Resource 1 is staffed by worker A and A's wage rate is $13 per hour. Resource 2 is staffed by worker B and B's wage rate is $13 per hour. Resource 3 is staffed by worker C and C's wage rate is $20 per hour. If one additional worker could be hired, to which resource should this worker be assigned? Calculate the new process capacity in units/hr. O Assign the new worker to Resource 3. The process capacity is 12 units per hour. O Assign the new worker to Resource 3. The process capacity is 10 units per hour. O Assign the new worker to Resource 1. The process capacity is 20 units per hour. O Assign the new worker to Resource 2. The…
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Load the wooldridge package in your R script using the library function: library (wooldridge) Load the wage 2 dataset by writing (in your R script): data = wage 2 This dataset contains information on individuals' monthly wage (the wage variable), number of hours worked per week (the hours variable), IQ (the IQ variable), and other variables. Add a new variable to data (named hourly_wage) which is equal to monthly wage wage divided by 4 times the number of hours worked per week: hourly age = Assign the 4x hours dataframe data (after adding the new variable) to answer1. 2. What is the mean hourly wage? 3. What is the minimum number of years of education in the dataset? 4. What is the number of observations? 5. Estimate the following model: (i(i using the Im function. Assign your model to answer5. 6. What is the coefficient on educ in the model in the previous question? (Hint: Your answer should be a positive number.) W
ezto.mheducation.com Homework: Cost Management and Allocation Assignment Question 7- Homework: Cost Management and Allocation Assignment- Connect Homework: Cost Management and Allocation Assignm... i Saved Help Save & Exit Submit Check my work State Financial Corp. has three service departments (Administration, Communications, and Facilities), and two production departments (Deposits and Loans). A summary of costs and other data for each department prior to allocation of service department costs for the year ended December 31 follows. 4. points Administration Communications Facilities Deposits $8,320,000 $4,600,000 447, 000 Loans Direct costs $200,000 24,000 $290,000 31,000 $253,000 20,500 Employee hours Number of employees Square footage occupied Skipped 360,000 8. 14 6. 230 130 4,600 13,800 5,100 244, 100 203,300 The costs of the service departments are allocated on the following bases: Administration, employee-hours; Communications, number of employees; and Facilities, square…
- Refer to the model listed next: Max: Z= 10*x1+6*x2+4*x3; Subject to: x1+x2+x3=0; where x1,x2 and x3 are the number of product 1,2 and 3 produced. (i) (ii) (iii) (iv) (v) 333 (vi) Identify the initial basis with your reason. Show one complete iteration as the solution moves to the next basis. Find the optimal basis. You may solve the problem for the optimal solution using the Lingo software but must validate the optimal basis. Estimate the optimal simplex multipliers. Solve the model using the Lingo software and report the dual prices for each constraint. Compare the optimal simplex multipliers with the shadow prices for different constraints and provide your comments.
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
help please answer in text form with proper working and explanation for each and every part and steps with concept and introduction no ai no copy paste remember answer must be in proper format with all working
Calculate the actual value of work done and the total actual profit contribution from all the projects as of the 31st of March.
15- Select from the following, the cost object for a product. a. Placing an order b. Dam construction c. Utility bill payment d. Smart phones

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