The allocation of costs of two support departments to the two operating departments using the reciprocal method and using linear equations for the first quarter of 2013.

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Answer 1

Question

Chapter 15, Problem 15.20E

1.

(a)

To determine

The allocation of costs of two support departments to the two operating departments using the reciprocal method and using linear equations for the first quarter of 2013.

(b)

To determine

The allocation of costs of two support departments to the two operating departments by the reciprocal method using repeated iterations.

2.

To determine

To explain: The comparison and differences in the methods of cost allocation.

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Suppose that Ivanhoe Depot Inc. has the following inventory data: July 1 Beginning inventory 24 units at $19 $456 7 Purchases 84 units at $20 1680 22 Purchases 12 units at $22 264 $2400 The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 40 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is ○ $824. 000 $800. ○ $880. ○ $776.

A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per unit is $20.00. What would the price be if the company expected a volume of 120,000 units and used a markup of50%?

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Answer 2

Question

Chapter 15, Problem 15.20E

1.

(a)

To determine

The allocation of costs of two support departments to the two operating departments using the reciprocal method and using linear equations for the first quarter of 2013.

(b)

To determine

The allocation of costs of two support departments to the two operating departments by the reciprocal method using repeated iterations.

2.

To determine

To explain: The comparison and differences in the methods of cost allocation.

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Answer 3

Question

Chapter 15, Problem 15.20E

1.

(a)

To determine

The allocation of costs of two support departments to the two operating departments using the reciprocal method and using linear equations for the first quarter of 2013.

(b)

To determine

The allocation of costs of two support departments to the two operating departments by the reciprocal method using repeated iterations.

2.

To determine

To explain: The comparison and differences in the methods of cost allocation.

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Answer 4

Question

Chapter 15, Problem 15.20E

1.

(a)

To determine

The allocation of costs of two support departments to the two operating departments using the reciprocal method and using linear equations for the first quarter of 2013.

(b)

To determine

The allocation of costs of two support departments to the two operating departments by the reciprocal method using repeated iterations.

2.

To determine

To explain: The comparison and differences in the methods of cost allocation.

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Answer 5

Chapter 15, Problem 15.20E

1.

(a)

To determine

The allocation of costs of two support departments to the two operating departments using the reciprocal method and using linear equations for the first quarter of 2013.

(b)

To determine

The allocation of costs of two support departments to the two operating departments by the reciprocal method using repeated iterations.

2.

To determine

To explain: The comparison and differences in the methods of cost allocation.

Answer 6

Chapter 15, Problem 15.20E

1.

(a)

To determine

The allocation of costs of two support departments to the two operating departments using the reciprocal method and using linear equations for the first quarter of 2013.

Answer 7

Chapter 15, Problem 15.20E

1.

(a)

To determine

The allocation of costs of two support departments to the two operating departments using the reciprocal method and using linear equations for the first quarter of 2013.

Answer 8

(b)

To determine

The allocation of costs of two support departments to the two operating departments by the reciprocal method using repeated iterations.

Answer 9

(b)

To determine

The allocation of costs of two support departments to the two operating departments by the reciprocal method using repeated iterations.

Answer 10

2.

To determine

To explain: The comparison and differences in the methods of cost allocation.

Answer 11

2.

To determine

To explain: The comparison and differences in the methods of cost allocation.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 15 - Prob. 15.1Q Ch. 15 - Describe how the dual-rate method is useful to...Ch. 15 - How do budgeted cost rates motivate the...Ch. 15 - Give examples of allocation bases used to allocate...Ch. 15 - Why might a manager prefer that budgeted rather...Ch. 15 - To ensure unbiased cost allocations, fixed costs...Ch. 15 - Prob. 15.7Q Ch. 15 - What is conceptually the most defensible method...Ch. 15 - Distinguish between two methods of allocating...Ch. 15 - Prob. 15.10Q

The allocation of costs of two support departments to the two operating departments using the reciprocal method and using linear equations for the first quarter of 2013.

The allocation of costs of two support departments to the two operating departments using the reciprocal method and using linear equations for the first quarter of 2013.

The allocation of costs of two support departments to the two operating departments by the reciprocal method using repeated iterations.

To explain: The comparison and differences in the methods of cost allocation.

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