Fans Company has two service departments-product design and engineering support, and two production departments - assembly andfinishing. The distribution of each service department's efforts to the other departments is shown below:DesignSERVICE DEPARTMENTProduct Design0%Engineering Support20%The direct operating costs of the departments (including both variable and fixed costs) were as follows:Product DesignEngineering SupportAssemblyFinishingMultiple Choice$1,863,265SERVICES PROVIDED TOSupport10%0%$623,878$1,036,122Assembly30%45%$100,000$ 200,000$540,000$ 820,000The total cost accumulated in the assembly department using the reciprocal method is (calculate all ratios and percentages to 4 decimalplaces, for example 33.3333%, and round all dollar amounts to the nearest whole dollar)Finishing60%35%D please note not all MC options arevisible:-1,863,265-623,878-1,036,122-980,714-679,286

for the allocation of cost to the different department it is important to consider the cost that has…

tiple Choice CE DEPARTMENT ct Design mering Support Et operating costs of the departments (including both variable and fixed costs) were as follows: at Design mering Support bly hing Design 0% 20% $1,863.265 SERVICES PROVIDED TO $1.036.122 $ 100,000 $ 200,000 $ 540,000 $ 820,000 Support 10% 0x Assembly 30% 45% cost accumulated in the assembly department using the reciprocal method is (calculate all ratios and percentages to 4 decimal or example 33.3333%, and round all dollar amounts to the nearest whole dollar) Finishing 60% 35%

tiple Choice CE DEPARTMENT ct Design mering Support Et operating costs of the departments (including both variable and fixed costs) were as follows: at Design mering Support bly hing Design 0% 20% $1,863.265 SERVICES PROVIDED TO $1.036.122 $ 100,000 $ 200,000 $ 540,000 $ 820,000 Support 10% 0x Assembly 30% 45% cost accumulated in the assembly department using the reciprocal method is (calculate all ratios and percentages to 4 decimal or example 33.3333%, and round all dollar amounts to the nearest whole dollar) Finishing 60% 35%

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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Required information Skip to question [The following information applies to the questions displayed below.] 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 after allocation using the direct method?
Help Save & Exit Submit TB MC Qu. 7-52 (Algo) Eccles Corporation uses an activity-based costing... Eccles Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system: Costs: Wages and salaries Depreciation Utilities $ 318,000 247,000 206,000 $ 771,000 Total Distribution of resource consumption: Activity Cost Pools Setting Up Assembly Other Total Wages and salaries Depreciation Utilities 30% 10% 45% 25% 100% 30% 20% 60% 100% 50% 30% 100% How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool? Multiple Choice, hp
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Service Department A Service Department B Producing Department C Producing Department D Direct costs $114,400 76,400 22,400 28,200 Proportion of service by A to: B 10% C 60% 30% D Proportion of service by B to: A 30% C 20% D 50% Using the reciprocal (simultaneous solution) method, Department A's cost allocated to Department C (rounded to the nearest whole dollar) is:
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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 Product Design Engineering Support Assembly Finishing Multiple Choice O The direct operating costs of the departments (including both variable and fixed costs) were as follows: $1.057.333. O $1,970,000. O $712,667. O 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): Design 0% 20% $664,792. $980,208. SERVICES PROVIDED TO $ 180,000 $ 160,000 $570,000 $ 860,000 Support 10% 0% Assembly 30% 45% Finishing 60% 35%
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