Please give me answer general accounting The production departments at Chan Corporation occupy a total areaof 600,000 square feet. Heating costs total $900,000 and are allocatedbased on the area that each department occupies. The finishing departmentoccupies 30,000 square feet and the packaging departmentoccupies 20,000 square feet. What amount of heating cost will be allocatedto the finishing and packaging departments, respectively?A. $30,000 and $20.000B. $20,000 and $15,000C. $60,000 and $40,000D. $45,000 and $30,000

Step 1: Define Cost AllocationThe manufacturing unit groups the activities in a department as per…

Answered: The production departments at Chan…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
Kia Corporation has two departments, A and B. Central costs could be allocated to the two departments in various ways. Square footage of department A and B 6,000 and 18,000 square feet respectively, Number of employees of department A and B 1,500 and 500 respectively, and sales of department A and B $400,000 and $2,000,000 respectively. If total processing costs of $96,000 are allocated on the basis of number of employees, the amount allocated to Department B would be: a. $24,000 b. $28,800 c. $16,000 d. $67,200
The cost of operating the Maintenance Department is to be allocated to four production departments based on the floor space each occupies. Department A occupies 600 m²; Department B, 900 m²; Department C, 1200 m²; and Department D, 600 m². If the July cost was $17,600, how much of the cost of operating the Maintenance Department should be allocated to each production department? The operating cost for Department A is $ (Simplify your answer.) The operating cost for Department B is $ (Simplify your answer.) The operating cost for Department C is $ (Simplify your answer.) The operating cost for Department D is $ (Simplify your answer.)
Mackenzie Mining has two operating divisions, Northern and Southern, that share the common costs of the company's human resources (HR) department. The annual costs of the HR department total $16,000,000 a year. You have the following selected information about the two divisions: Northern Southern Number of Employees 2,420 1,980 Fixed Variable Total Required: Determine the cost allocation if $10.5 million of the HR costs are fixed and allocated on the basis of employees, and the remaining costs, which are variable, are allocated on the basis of the wage and salary expense total. Note: Do not round intermediate calculations. Enter your answers in dollars, not in millions or thousands. Wage and Salary Expense ($000) $ 186,000 114,000 Northern Southern
Barrington Box Enterprises has two divisions, large and small, that share the common costs of the company's communications network. The annual common costs are $4,800,000. You have been provided with the following information for the upcoming year: Large Small Calls 150,000 90,000 The cost accountant determined $2,760,000 of the communication network's costs were fixed and should be allocated based on the number of calls. The remaining costs should be allocated based on the time on the network. What is the total communication network costs allocated to the Large Box Division, assuming the company uses dual-rates to allocate common costs? Multiple Choice $2,760,000 $2,259,000 $2,541,000 Time on Network (hours) 160,000 240,000 $1,640,000
Barrington Box Enterprises has two divisions, large and small, that share the common costs of the company's communications network. The annual common costs are $4,420,000. You have been provided with the following information for the upcoming year: Calls Time on Network (hours) Large 101,000 110,000 Small 69,000 230,000 The cost accountant determined $2,720,000 of the communication network's costs were fixed and should be allocated based on the number of calls. The remaining costs should be allocated based on the time on the network. What is total communication network costs allocated to the Small Box Division, assuming the company uses dual-rates to allocate common costs?
Mackenzie Mining has two operating divisions, Northern and Southern, that share the common costs of the company's human resources (HR) department. The annual costs of the HR department total $25,000,000 a year. You have the following selected information about the two divisions: Northern Southern Fixed Variable Total Number of Employees 2,915 2,385 Required: Determine the cost allocation if $15.0 million of the HR costs are fixed and allocated on the basis of employees, and the remaining costs, which are variable, are allocated on the basis of the wage and salary expense total. Note: Do not round intermediate calculations. Enter your answers in dollars, not in millions or thousands. $ Northern Wage and Salary Expense ($000) $ 241,800 148, 200 0 $ Southern 0
Fans Company has two service departments - product design and engineering support, and two production departments assembly and finishing. The distribution of each service department's efforts to the other departments is shown below: SERVICE DEPARTMENT Product Design Engineering Support Multiple Choice $1,713,750. The direct operating costs of the departments (including both variable and fixed costs) were as follows: Product Design Engineering Support Assembly Finishing $2,890,000. $1,176,250. Design 0% 20% $1,136,250. The total cost accumulated in the assembly department using the direct method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): $1,182,916. SERVICES PROVIDED TO Support 10% 0% $ 240,000 $ 260,000 $ 950,000 $ 1,440,000 Assembly 30% 45% Finishing 60% 35% -
Fans Company has two service departments — product design and engineering support, and two production departments — assembly and finishing. The distribution of each service department's efforts to the other departments is shown below: SERVICE DEPARTMENT SERVICES PROVIDED TO Design Support Assembly Finishing Product Design 0% 10% 30% 60% Engineering Support 20% 0% 45% 35% The direct operating costs of the departments (including both variable and fixed costs) were as follows: Product Design $ 170,000 Engineering Support $ 150,000 Assembly $ 560,000 Finishing $ 850,000 The total cost accumulated in the finishing department using the step method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar assume that the engineering support department goes first): Multiple Choice $1,035,833. $1,930,000. $694,167. $646,292. $958,708.
DORY Company has two support departments (Power and Maintenance) and two producing departments (Assembly and Finishing). The direct allocation method is used to assign support department costs to the producing departments. The causal factor for the power costs is kilowatt hours: the causal factor for the maintenance costs is repair hours. Assume the following information: Assembly Finishing. 550,000 100,000 2.000 Power Maintenance Direct costs Kilowatt hours Repair hours $100,000 $150,000 10,000 $75,000 90,000 2.500 500 Question 1/25 What would be the Maintenance Department allocation to the Finishing Department 1. OS20,000 2. Os22,222 3. OS60,000 4. OS66,667 5. OS71,111 Question 2/25 What would be the Power Department allocation to the Assembly Department? 1. O$45,000 2. OS47,368 3. OS50,000 4. OS54,474 5. OS82,895
Lenser Company has two service departments — product design and engineering support, and two production departments — assembly and finishing. The distribution of each service department's efforts to the other departments is shown below: SERVICE DEPARTMENT SERVICES PROVIDED TO Design Support Assembly Finishing Product Design 0% 10% 30% 60% Engineering Support 20% 0% 45% 35% The direct operating costs of the departments (including both variable and fixed costs) were as follows: Product Design $ 170,000 Engineering Support $ 190,000 Assembly $ 670,000 Finishing $ 1,020,000 The total cost accumulated in the assembly department using the direct method is: Note: Calculate all ratios and percentages to 2 decimal places, for example 33.33%, and round all dollar amounts to the nearest whole dollar. Multiple Choice $1,216,458. $2,050,000. $833,542. $793,542. $840,208.

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