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?
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