San Juan Mineral (SJM) has two service departments and two operating departments. Operating data for these departments for last year are as follow Operating Departments Departmental costs Machine hours Service Departments Maintenance Cafeteria $ 48,000 $ 45.000 2,000 40 1.000 Mining Processing $70.000 $ 130.000 O$22,398 O Cannot be determined from the information given O $19.518 O $23643 O $21.070 O $20.250 O 121,316 11,000 400 9,000 360 Number of employees 30 Costs of the Maintenance Department are allocated on the basis of machine hours. Cafeteria costs are allocated on the basis of number of employees. SJM does not distinguish between variable and fixed overhead costs, Assume that 5JM uses the step-down method to allocate service department costs, starting with Maintenance. The total cost allocated from Cafeteria to Processing would be closest to

San Juan Mineral (SJM) has two service departments and two operating departments. Operating data for these departments for last year are as follow Operating Departments Departmental costs Machine hours Service Departments Maintenance Cafeteria $ 48,000 $ 45.000 2,000 40 1.000 Mining Processing $70.000 $ 130.000 O$22,398 O Cannot be determined from the information given O $19.518 O $23643 O $21.070 O $20.250 O 121,316 11,000 400 9,000 360 Number of employees 30 Costs of the Maintenance Department are allocated on the basis of machine hours. Cafeteria costs are allocated on the basis of number of employees. SJM does not distinguish between variable and fixed overhead costs, Assume that 5JM uses the step-down method to allocate service department costs, starting with Maintenance. The total cost allocated from Cafeteria to Processing would be closest to

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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QQWTWV844 Corporation uses the step-down method to allocate service department costs to operating departments. The company has three service departments and two operating departments. Data concerning those departments follow: Service Departments Janitorial $72,750 Operating Departments Binding $355,000 295 30,000 30,000 Admin. $162,500 Maintenance $39,000 Printing $430,000 Costs # of employees Sq. feet occ. Hours of press time 60 33 132 190 4,000 10,000 15,000 90,000 60,000 QQWTWV844's Admin. Department's costs are allocated on the basis of number of employees; Janitorial Department's costs are allocated on the basis of square feet occupied; Maintenance Department's costs are allocated on the basis of press time hours used. (ID#86342) Q: What is QQWTWV844's total Binding Department's cost (including its beginning cost) after all allocations? A: $
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3 Kamili Company has the following three manufacturing overhead cost drivers. Cost Driver Design changes Machine setups Electricity usage Level of Activity $2,680 $3,080 $3,260 $1,550 $3,580 $2,860 100 changes per year 2,000 setups per year 12,000 kilowatt-hours per year Overhead Cost $ 5,000 18,000 36,000 Kamili Company started and completed work on 25 different jobs during the year. One of these jobs was Job #781. Job #781 required 16 design changes, 40 machine setups, and 700 kilowatt-hours of electricity. How much manufacturing overhead should be allocated to Job #781? Note: Kamili uses activity-based costing.
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General Printing Company has three service departments and two operating departments. Selected data for the five departments relating to the most recent period follow: Service Departments Training Janitorial Maintenance "$96,000 Operating Departments Litho $534,000 Offset Printing Direct Overhead costs $400,000 $210,000 $ 400,000 Number of employees Square metres of space occupied 120 70 280 630 420 1,000 2,000 4,000 8,000 40,000 20,000 60,000 Number of Machine-hours The company allocates service department costs in the following order and using the bases indicated: Training (number of employees), Janitorial (Space Occupied) and Maintenance (hours of press time). REQUIRED: Prepare a schedule, in good format, allocating the service departments' costs using the Step Method.
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A9