The following information is departmental cost allocation with two service departments and two production departments Percentage Service Provided to Department Service 1 (51) Service 2 (52)) Production 1 (P1) Production 2 (P2) Cost $ 34,000 24,000 140,000 190,000 51 ex 25 52. P1 P2 30% 35% 35% 0 30 45 What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1 and P2 using the step method with S1 going first?

The following information is departmental cost allocation with two service departments and two production departments Percentage Service Provided to Department Service 1 (51) Service 2 (52)) Production 1 (P1) Production 2 (P2) Cost $ 34,000 24,000 140,000 190,000 51 ex 25 52. P1 P2 30% 35% 35% 0 30 45 What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1 and P2 using the step method with S1 going first?

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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