Total overhead before Service Department Producing Departments Tangent P30,000 3,000 service Sine Cosine Rhombus Triangle Department Allocation Square footage occupied Number of employees Direct Labor Hours P50,000 3,000 P80,000 4,000 P40,000 1,000 P25,000 2,500 50 30 30 15 10 30,000 35,000 20,000 Machine Hours 25,000 25,000 20,000 Rhombus costs are distributed on the basis of square footage occupied, while Triangle costs are distributed on the basis of number of employees.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Geometrigo Inc. has three producing departments (Sine, Cosine, and Tangent) and two service departments (Rhombus and Triangle). Data that summarize overhead activity for January are: How much is the total overhead of Rhombus Department under reciprocal approach? Round your answer to two decimal places.

2.  How much is the total overhead of Sine Department under reciprocal approach? Round your answer to whole number.

3.  How much is the overhead rate if direct labor hour will be used for Cosine Department? Round your answer to two decimal places.

Producing Departments
Tangent
P30,000
3,000
Service Department
Triangle
Total overhead before
service
Sine
Cosine
Rhombus
Department Allocation
Square footage
occupied
Number of employees
Direct Labor Hours
Machine Hours
P50,000
P80,000
P40,000
P25,000
3,000
4,000
1,000
2,500
50
30
30
15
10
30,000
25,000
35,000
25,000
20,000
20,000
Rhombus costs are distributed on the basis of square footage occupied, while Triangle costs are
distributed on the basis of number of employees.
Transcribed Image Text:Producing Departments Tangent P30,000 3,000 Service Department Triangle Total overhead before service Sine Cosine Rhombus Department Allocation Square footage occupied Number of employees Direct Labor Hours Machine Hours P50,000 P80,000 P40,000 P25,000 3,000 4,000 1,000 2,500 50 30 30 15 10 30,000 25,000 35,000 25,000 20,000 20,000 Rhombus costs are distributed on the basis of square footage occupied, while Triangle costs are distributed on the basis of number of employees.
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education