PLEASE DO NOT REJECT AND SHOW ME THE SOLUTION IN GOOD ACCOUNTING FORM. Using the reciprocal method, the applied factory overhead of the assemblydepartment if it used 24,700 machine hours is closest to:Galinganmo Corp has two service departments and two producingdepartments. The following are data available for the year 2021:FOH costEstimatedAreaLabor Hrs2,9001,100Occupied1,2001,5001,9003,200MaintenanceSecurityCuttingAssemblyThe maintenance costs are allocated based on estimated labor hoursand security is allocated based on space occupied. The producingdepartment uses machine hours with 50,000 for cutting and 25,000 forassembly to determine the factory overhead rate.P129,000105,000416,000380,0002,0001,600P498,693P259,350P502,645P497,211None of the above

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Business

Accounting

THE SOLUT

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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Question

PLEASE DO NOT REJECT AND SHOW ME THE SOLUTION IN GOOD ACCOUNTING FORM.

Using the reciprocal method, the applied factory overhead of the assembly
department if it used 24,700 machine hours is closest to:
Galinganmo Corp has two service departments and two producing
departments. The following are data available for the year 2021:
FOH cost
Estimated
Area
Labor Hrs
2,900
1,100
Occupied
1,200
1,500
1,900
3,200
Maintenance
Security
Cutting
Assembly
The maintenance costs are allocated based on estimated labor hours
and security is allocated based on space occupied. The producing
department uses machine hours with 50,000 for cutting and 25,000 for
assembly to determine the factory overhead rate.
P129,000
105,000
416,000
380,000
2,000
1,600
P498,693
P259,350
P502,645
P497,211
None of the above

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