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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Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $237,600 $218,470 Work in process 493,190 577,460 Finished goods 663,250 696,820 Direct labor $3,960,000 Materials purchased during March 3,016,610 Factory overhead incurred during March: Indirect labor 362,050 Machinery depreciation 237,600 Heat, light, and power 198,000 Supplies 39,480 Property taxes Miscellaneous costs 33,940 51,710 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. ☑ Open spreadsheet a. Prepare a cost of goods manufactured statement for March. Firetree Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Work in process inventory, March 1 Direct materials: Materials inventory, March 1 Purchases

Which of the following is NOT a period cost?(General Account)

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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