Required Information[The following information applies to the questions displayed below.]Use the following information:P1P2DepartmentCostService 1 (51) $115,000Service 2 (52)47,000Production 1375,000(P1)Production 2(P2)Total246,000$783,000Percentage ServiceProvided toS10%S2 P1 P225% 30% 45%20 6020 0What percentage of S1's costs is allocated to P1 and to P2 under the direct method?ServiceDepartment1's Costs

The process of locating, gathering, and allocating expenses to different items is known as cost…

[The following information applies to the questions displayed below.] Use the following information: P1 P2 Department Service 1 (S1) Service 2 (52) Production 1 (P1) Production 2 (P2) Total Cost $115,000 47,000 375,000 246,000 $783,000 Percentage Service Provided to S1 0% 20 52 P1 P2 25% 30% 45% 0 20 60 What percentage of S1's costs is allocated to P1 and to P2 under the direct method? Service Department 1's Costs

[The following information applies to the questions displayed below.] Use the following information: P1 P2 Department Service 1 (S1) Service 2 (52) Production 1 (P1) Production 2 (P2) Total Cost $115,000 47,000 375,000 246,000 $783,000 Percentage Service Provided to S1 0% 20 52 P1 P2 25% 30% 45% 0 20 60 What percentage of S1's costs is allocated to P1 and to P2 under the direct method? Service Department 1's Costs

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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Departmental Cost Allocation Robinson Products Company has two service departments(S1 and S2) and two production departments (P1 and P2). The distribution of each service department’s efforts (in percentages) to the other departments is:ToFrom S1 S2 P1 P2S1 — 10% 20% ?%S2 10% — ? 30The direct operating costs of the departments (including both variable and fixed costs) are:S1 $180,000S2 60,000P1 50,000P2 120,000Required1. 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.
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The "direct labor" tab right under "Indirect Costs:" is incorrect. I also think something is missing right above the "Total Cost" tab. Please help! Thank you! :)
Cost pool $58,200 $88,500 Total cost in cost pool O $7,200 pool 1 pool 2 pool 3 Compute allocated capacity costs for product Alpha. $18,000 $7,500 $63,000 $45,000 not enough information need to know the total number of cost driver units Number of cost driver units product Alpha 20 20 30 -- product Beta 30 5 12
1m 2 A $ Budgeted overhead costs before any 3 interdepartment cost allocations Support work supplied by AS (budgeted head count) 4 Support work supplied by IS 5 (budgeted computer time) B AS SUPPORT 0 C 10% IS D 20% OPERATING GOVT 600,000 $1,200,000 $8,725,000 $ 12,540,000 $23,065,000 48% E 36% CORP 32% Total 54% 100% 100%
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Please Answer part 4. Part 1-3 answers Part 1 Computation of Cost Allocation Rate for each activity: Activity Costs Base usage Allocation rate Material Handling 160,000 20,000 8 Packaging 390,000 2,000 195 Quality Assurance 112,000 1,600 70 Total 662,000 Part 2 Activity Usage of All Activities: Activity Commercial Travel Total Material Handling 8700 4450 13,150 Packaging 900 300 1,200 Quality Assurance 270 370 640 Allocation of Cost basis Usage: Activity Commercial Travel Material Handling 69,600 35600 (Activity Usage * Cost Allocation Rate) (8,700 * 8) (4450 * 8) Packaging 175,500 58500 Quality Assurance 18,900 25900 Total 264,000 120000 Units Produced 3,000 20000 Cost Per Unit 88 6 Part 3 Particulars Commercial Travel Usage of…
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