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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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
P1 P2 Department Service 1 (51) Service 2 (52) Production 1 (P1) Production 2 (P2) 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. Cost $ 46,000 36,000 260,000 310,000 Total Cost Allocated CARIN Percentage Service Provided to 25 . $2 20% 40% 40% Do 30 What is the amount of service department cost allocated to P1 and P2 using the direct method? Saved
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of 4 1 int rences P1 P2 Department Service 1 (S1) Service 2 (52) Production 1 (P1) Production 2 (P2) 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. Cost $ 46,000 36,000 260,000 310,000 Total Cost Allocated my paisaje co $1 300 BAUA Percentage Service Provided to 25 0% //////// Ben na mon What is the amount of service department cost allocated to P1 and P2 using the direct method? 52 20% 40% 0 BAHAN ******* W P2 40% Saved
Question 2 (L03) Yates Corp. wants to develop a cost equation for its administrative costs. The controller believes the appropriate cost driver is units produced. Last year's data are presented below: Month January February March April May June July August September October November December Total Average Units produced 32,500 37,700 24,700 40,300 49,400 42,900 53,300 45,500 26,000 48,100 61,100 54,600 516,100 43,008 Administrative Costs $24,288 27,720 17,820 30,360 37,290 29,040 32,670 30,030 20,460 34,320 40,920 36,630 $361.548 $30,129 Required: (a.) What is the equation for administrative costs using the high-low method? (b.) Prepare an estimate of administrative costs for a month when 30,000 units are produced.