Vieute Company operates with two producing departments, P1 and P2,nd two service departments, S1 and S2. Actual manufacturing overheadbofore allocation of service department costs, together with the usage ofservice from the service departments, is as follows:Actual Manufacturing OverheadBefore Allocation ofService Departmental CostsServices provided byS2DepartmentsiP1P 40,00040%20%504047,60014,40018,000P2siS24010P120,000100%100%What is the total manufacturing overhead for P1 (Producing Department 1), after allocatingservice costs to producing departments.Using data for Vicente, compute the total manufacturing overhead for P1, allocating servicedepartment costs stepwise, beginning with department 52. After a department expenses havebeen allocated, no expenses are assigned back to it.Based on Vicente data: Determine the total manufacturing overhead (including servicedepartment costs) for P2 using the reciprocal method. The following manufacturing costa data are available for Division 911:The estimated departmental manufacturing for producing departmentWork in proceas, January 1, 2018:A and Band the estimated costs of service departments C, D, and E (beforeany service department allocations) are:FactoryOuerheadJob No.MaterialsLaborP145,000Producing DepartmentService Department156P35,000P44,000PO6,000P40,00040,00020,000P120,000Costa for 2018B180,000DIncurred by JobeOtherETotalP16,000158,0004200010,000MaterialsLaborThe interdependence of the departments is as follows:156157158159P-P2,00052,00024,0008,000P14.000106.00018,0002.000Services Provided byNot Incurred by JobeIndirect materials andsuppliesIndirect laborEmployee benefitsDepreciationSupervisionDepartmentDEProducing AProducing BService CService DService E30,00030,000106,00046,00024,00040,00030%40%106,00050%403046,00024,0002040,00020Factory overhead for 2018:Budgeted Manufacturing Overhead:VariableMarketingGeneral office10Indirect materials and suppliesIndirect laborEmployee benefitsDepreciationSupervisionP 32,000112,00048,00024,00040,000100%100%100%FixedCompute the final amount of estimated overhead of Service E after reciprocal transfer costshave been calculated algebraically.TotalP256,000Budgeted Direct Labor CostsP160,000Manufacturing Overhead rate per direct labor cost(P256,000P160,000)After computing the total factory overhead of each producing department and what amount ofDepartmentE cost is assigned to Marketing Department?160%Compute the actual manufacturing overhead.Compute the applied manufacturing overhead.Compute the net overhead variance (indicate over- or underapplied manufacturing overhead).

Name: Vieute Company operates with two producing departments, P1 and P2,nd
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Description: Vieute Company operates with two producing departments, P1 and P2,nd two service departments, S1 and S2. Actual manufacturing overheadbofore allocation of service department costs, together with the usage ofservice from the service departments, is a

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Tivente Company operates with two producing departments, P1 and P2, a rwo service departments, S1 and S2. Actual manufacturing overhead before allocation of service department costs, together with the usage of service from the service departments, is as follows: Actual Manufacturing Overhead Before Allocation of Service Departmental Costs P 40,000 Services provided by SI Department P1 P2 si S2 47,600 14,400 18,000 40% 50 20% 40 40 10 P120,000 100% 100% What is the total manufacturing overhead for P1 (Producing Department 1), after allocating service costs to producing departments. Using data for Vicente, compute the total manufacturing overheadfor P1, allocating service department costs stepwise, beginning with department S2. After a department expenses have been allocated, no expenses are assigned back to it. Based on Vicente data: Determine the total manufacturing overhead (including service department costs) for P2 using the reciprocal method.

Tivente Company operates with two producing departments, P1 and P2, a rwo service departments, S1 and S2. Actual manufacturing overhead before allocation of service department costs, together with the usage of service from the service departments, is as follows: Actual Manufacturing Overhead Before Allocation of Service Departmental Costs P 40,000 Services provided by SI Department P1 P2 si S2 47,600 14,400 18,000 40% 50 20% 40 40 10 P120,000 100% 100% What is the total manufacturing overhead for P1 (Producing Department 1), after allocating service costs to producing departments. Using data for Vicente, compute the total manufacturing overheadfor P1, allocating service department costs stepwise, beginning with department S2. After a department expenses have been allocated, no expenses are assigned back to it. Based on Vicente data: Determine the total manufacturing overhead (including service department costs) for P2 using the reciprocal method.

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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