SURVEY OF ACCOUNT.(LL)-W/ACCESS>CUSTOM<
5th Edition
ISBN: 9781260222326
Author: Edmonds
Publisher: MCG CUSTOM
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Chapter 12, Problem 2E
To determine
The cost of
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Jordan Services Company has 68 employees, 26 of whom are assigned to Division A and 42 to Division B. Jordan incurred $413,440
of fringe benefits cost during year 2.
Required
Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B.
Allocated
Cost
Division
A
B
Stuart Services Company has 64 employees, 30 of whom are assigned to Division A and 34 to Division B. Stuart incurred $397,440 of fringe benefits cost during year 2.
Determine the amount of the fringe benefits cost to be allocated to Division A and Division B.
Division
Allocated Cost
A
B
1 Manufacturing Overhead Distribution Worksheet The following are selected operating data for 2 the production and service departments of Bluestone Company for 2019 3 Departments Service Production 4 1 2 1 2 6 Overhead costs (identified by department) $ 48,400 82,200 25,440 516,000 32,584 $1,439,000 Indirect materials 7 $97,200 $144,000 Indirect labor 8 7,200 9 Square feet of building floor space used 10 Assessed value of equipment used 11 Cubic yards of factory space used 4,800 24,000 12,000 $ 21,000 63,000 126,000 210,000 88,000 132,000 12
Chapter 12 Solutions
SURVEY OF ACCOUNT.(LL)-W/ACCESS>CUSTOM<
Ch. 12 - 1.What is a cost object? Identify four different...Ch. 12 - Prob. 2QCh. 12 - 3.If the cost object is a manufactured product,...Ch. 12 - Prob. 4QCh. 12 - Prob. 5QCh. 12 - Prob. 6QCh. 12 - Prob. 7QCh. 12 - Prob. 8QCh. 12 - Prob. 9QCh. 12 - 10.Why are some manufacturing costs not directly...
Ch. 12 - Prob. 11QCh. 12 - 12.On January 31, the managers of Integra, Inc....Ch. 12 - 13.Respond to the following statement: The...Ch. 12 - Prob. 14QCh. 12 - Define the term cost pool. How are cost pools...Ch. 12 - LO 4-1Exercise 4-1A Direct versus indirect costs...Ch. 12 - Prob. 2ECh. 12 - Prob. 3ECh. 12 - Exercise 4-4APooling overhead cost Ware...Ch. 12 - Prob. 5ECh. 12 - Exercise 4-5A Allocating overhead cost among...Ch. 12 - Prob. 7ECh. 12 - Prob. 8ECh. 12 - Exercise 4-6AAllocating overhead costs among...Ch. 12 - Exercise 4-9AAllocating to solve a timing problem...Ch. 12 - Prob. 11ECh. 12 - Exercise 4-11AHow the allocation of fixed cost...Ch. 12 - Prob. 13ECh. 12 - Problem 4-17A Cost accumulation and allocation...Ch. 12 - Problem 4-18A Selecting an appropriate cost driver...Ch. 12 - Problem 4-19A Cost allocation in a service...Ch. 12 - Prob. 17PCh. 12 - Problem 4-21A Allocation to accomplish smoothing...Ch. 12 - Problem 4-22A Allocating indirect costs between...Ch. 12 - Prob. 20PCh. 12 - Prob. 1ATCCh. 12 - Prob. 2ATCCh. 12 - ATC 4-3 Research Assignment Using real-world data...Ch. 12 - Prob. 4ATCCh. 12 - Prob. 5ATC
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- Vernon Services Company has 53 employees, 38 of whom are assigned to Division A and 15 to Division B. Vernon incurred $318,530 of fringe benefits cost during year 2. Required Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B. Allocated Cost Division A Barrow_forwardplease answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)arrow_forwardRefer to Cornerstone Exercise 7.3. Now assume that Valron Company uses the reciprocal method to allocate support department costs. Required: 1. Calculate the allocation ratios (rounded to four significant digits) for the four departments using the reciprocal method. 2. Develop a simultaneous equations system of total costs for the support departments. Solve for the total reciprocated costs of each support department. (Round reciprocated total costs to the nearest dollar.) 3. Using the reciprocal method, allocate the costs of the Human Resources and General Factory departments to the Fabricating and Assembly departments. (Round all allocated costs to the nearest dollar.) 4. What if the square footage in Fabricating were 13,300 and the square footage in Assembly were 5,700. How would that affect the allocation of support department costs?arrow_forward
- Current Attempt in Progress Flint's Medical operates three support departments and two operating units, Surgery and ER. The support departments are allocated based on the hours used. The cost of operating the accounting (acct), administration (admin), and human resources (HR) departments is $269300, $161200, and $66300, respectively. Information on the hours used are as follows: Hours in Acct Hours in Admin Hours in HR Acct $0. $204645. $190888. O $216942. 16 8 Admin HR 48 eTextbook and Media 20 8 Surgery 360 120 65 ER 220 80 What are the total costs allocated to the ER department from the supporting departments? (Do not round the intermediate calculations.) 130 Attemnte: 0 of Queedarrow_forwardCampbell Services Company has 50 employees, 26 of whom are assigned to Division A and 24 to Division B. Campbell incurred $299,000 of fringe benefits cost during Year 2 Required Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B. Division A B Allocated Costarrow_forwardProblem 5 MOC Construction Company started work on three job sites during the current Data relating to year. Any costs incurred are expected to be recoverable. the three jobs are given below: Site Estimated Costs Contract Cost Billings on Collections on Billings 5,000,000 Price Incurred to Complete Contract 1 3,750,000 5,000,000 7,000,000 5,000,000 900,000 1,000,000 1,000,000 4,000,000 1,000,000 900,000 1,000,000 2 3 2,500,000 1,500,000 If the company records revenue over time, how much must be shown as current asset in the balance sheet of MOC Construction Company as of December 31? 5,500,000 500,000 A. c. 250,000 D. 100,000 в. If the company records revenue at a point in time, how much must be shown as current asset in the balance sheet of MOC Construction Company as of December 31? 5,100,000 500,000 A. C. 250,000 100,000 в. D.arrow_forward
- Current Attempt in Progress Blue Spruce's Medical operates three support departments and two operating units, Surgery and ER. The support departments are allocated based on the hours used. The cost of operating the accounting (acct), administration (admin), and human resources (HR) departments is $267800, $150600, and $71600, respectively. Information on the hours used are as follows: Hours in Acct Hours in Admin Hours in HR Acct $0. $276955. $274542. $251890. 16 8 Admin 20 4 HR 48 8 Surgery ER 360 220 120 65 80 130 What are the total costs allocated to the surgery department from the supporting departments? (Do not round the intermediate calculations.)arrow_forwardUsing the step method, how much of NUBD Corporation’s Utilities Department cost is allocated between Departments A and B?arrow_forward(Appendix 4B) Sequential Method of Support Department Cost Allocation Refer to Exercise 4-51 for data. Now assume that Stevenson uses the sequential method to allocate support department costs to the operating divisions. General Factory is allocated first in the sequential method for the company. Required: 1. Calculate the allocation ratios for Power and General Factory. (Note: Carry these calculations out to four decimal places.) 2. Allocate the support service costs to the operating divisions. (Note: Round all amounts to the nearest dollar.) 3. Assume divisional overhead rates are based on direct labor hours. Calculate the overhead rate for the Battery Division and for the Small Motors Division. (Note: Round overhead rates to the nearest cent.)arrow_forward
- Required information Exercise 11-27 & 11-28 (Algo) (LO 11-2) Skip to question [The following information applies to the questions displayed below.] Caro Manufacturing has two production departments, Machining and Assembly, and two service departments, Maintenance and Cafeteria. Direct costs for each department and the proportion of service costs used by the various departments for the month of August follow: Proportion of Services Used by Department Direct Costs Maintenance Cafeteria Machining Assembly Machining $ 94,000 Assembly 66,400 Maintenance 41,200 — 0.2 0.6 0.2 Cafeteria 33,000 0.8 — 0.1 0.1 Exercise 11-28 (Algo) Allocating Service Department Costs First to Production Departments and Then to Jobs (LO 11-2) Assume that both Machining and Assembly work on just two jobs during the month of August: CM-22 and CM-23. Costs are allocated to jobs based on machine-hours in…arrow_forwardQ3 helparrow_forwardMunabhaiarrow_forward
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