Use the following information to compute each department's contribution to overhead. Which department contributes the largestamount toward total overhead?SalesCost of goods soldGross profitTotal direct expensesContribution to overheadDepartment A$ 54,000Department B$ 184,000Department C$ 80,00034,02095,68042,40019,98088,32037,6005,34037,0608,486$$$Complete this question by entering your answers in the tabs below.Contribution to DepartmentalOverheadOverheadCompute each department's contribution to overhead.Contribution to overheadDepartment A Department BDepartment C

The term "contribution to overhead" describes the revenue generated by a department, store, service,…

Use the following information to compute each department's contribution to overhead. Which department contributes the largest amount toward total overhead? Sales Cost of goods sold Gross profit Total direct expenses Contribution to overhead Department A $ 54,000 34,020 Department B $ 184,000 Department C $ 80,000 95,680 42,400 19,980 88,320 37,600 5,340 37,060 8,486 $ $ $

Use the following information to compute each department's contribution to overhead. Which department contributes the largest amount toward total overhead? Sales Cost of goods sold Gross profit Total direct expenses Contribution to overhead Department A $ 54,000 34,020 Department B $ 184,000 Department C $ 80,000 95,680 42,400 19,980 88,320 37,600 5,340 37,060 8,486 $ $ $

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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Use the information in the following table to compute each department's contribution to overhead (both in dollars and as a percent). (Round Contribution percent to 1 decimal place.) Sales Cost of goods sold Gross profit Total direct expenses Contribution to overhead Contribution percent (of sales) O Department A O Department B Department C Dept. A $ 57,000 35,910 21,090 5,820 Dept. B $207,000 107,640 99,360 44,200 Which department contributes the largest dollar amount to total overhead? Department A O Department B O Department C Dept. C $ 77,000 40,810 36,190 9,146 Which department contributes the highest percent (as a percent of sales) to total overhead?
Allocate the service cost using the Direct method.
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Allocation ratios: General Factory Receiving Assembly Finishing Square footage Number of receiving orders Allocations: General Factory Receiving Assembly Finishing Direct overhead cost $ $4 General Factory Receiving Total 2. Using direct labor hours, compute departmental overhead rates. (Round to the nearest cent.) Overhead Rate Assembly per direct labor hour Finishing per direct labor hour
Product Cost Flows Complete the following T-accounts: Materials Inventory 1,120 Answer Answer 18,120 250 Wages Payable 9,000 1,050 Finished Goods Inventory 1,500 Answer Answer 1,200 Manufactured Overhead 175 Answer Answer 18,000 4,500 0 Work in Process Inventory 3,500 Answer Answer 9,000 Answer 500 Cost of Goods Sold Answer Save AnswersNext
Question Content Area Compute conversion costs given the following data: direct materials, $376,200; direct labor, $200,400; factory overhead, $179,400 and selling expenses, $48,400. a. $555,600 b. $131,000 c. $756,000 d. $379,800
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Complete the following (assume $93,500 of overhead to be distributed): (Round the "Ratio" to 2 decimal places.) Amount of Overhead Square Feet Ratio Allocated Department A Department B 15,040 31,960
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