The following information is departmental cost allocation with two service departments and two production departments. Percentage Service Provided to Department Cost S1 S2 P1 P2 Service 1 (S1) $ 47,000 0 % 20 % 40 % 40 % Service 2 (S2) 37,000 20 0 20 60 Production 1 (P1) 270,000 Production 2 (P2) 320,000 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 Cost S1 S2 P1 P2 Service 1 (S1) $ 47,000 0 % 20 % 40 % 40 % Service 2 (S2) 37,000 20 0 20 60 Production 1 (P1) 270,000 Production 2 (P2) 320,000 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?
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 19E: Refer to the data in Exercise 7.18. When the capacity of the HR Department was originally...
Related questions
Question
The following information is departmental cost allocation with two service departments and two production departments.
Percentage Service Provided to |
|||||||||||||||
Department | Cost | S1 | S2 | P1 | P2 | ||||||||||
Service 1 (S1) | $ | 47,000 | 0 | % | 20 | % | 40 | % | 40 | % | |||||
Service 2 (S2) | 37,000 | 20 | 0 | 20 | 60 | ||||||||||
Production 1 (P1) | 270,000 | ||||||||||||||
Production 2 (P2) | 320,000 | ||||||||||||||
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?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
![Principles of Cost Accounting](https://www.bartleby.com/isbn_cover_images/9781305087408/9781305087408_smallCoverImage.gif)
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
![Principles of Cost Accounting](https://www.bartleby.com/isbn_cover_images/9781305087408/9781305087408_smallCoverImage.gif)
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
![Financial And Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Expert Answers to Latest Homework Questions
Q: Houston Technology's beta is estimated to be 1.4. The firm's stock is expected to pay a
dividend of…
Q: Which of the following is not a type of commercial damage?
1) Lost value
2) Lost expenditures
3)…
Q: hi i need help on this hw assignment ive been stuck on it for the past hour i know the answer is…
Q: Generalizing research findings from a sample to the population is most likely justified when
the…
Q: 8) Please explain in detail the following
*Tariffs,
types of Tariffs.
*Tarrifs placed on…
Q: Bill Clinton reportedly was paid $9.5 million to write his
book My Life. The book took three years…
Q: Suppose you use an ideal pulley of the type shown in the figure below and find it necessary to exert…
Q: Assume Carlton enters into a three-year fixed-for-fixed swap agreement to receive Swiss Franc and…
Q: For Ford and Toyota
Please submit a written answer (paper or digital) of what you have learned from…
Q: hi i need help on this question pleasee
Q: The upper leg muscle (quadriceps) exerts a force of FQ = 1180 N, which is carried by a tendon over…
Q: Generalizing research findings from a sample to the population is most likely justified when
the…
Q: What is qualitative research and provide an example when marketing would benefit from this method?…
Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation
Q: Suppose you use an ideal pulley of the type shown in image (a) in the figure below to support a car…
Q: What is qualitative research and provide an example when marketing would benefit from this method?…
Q: Find the PI for the following project if the firm's WACC is 18%. (6)
NPV (benefits)
PI =
cost
Year…
Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation with…
Q: A sandwich board advertising sign is constructed as shown in the figure below.
Hinge
2011…
Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation
Q: only (c) and don't use AI