Wimbledon Corporation has two production departments, Assembly and Machining, and two service departments, Personnel and Cafeteria....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Wimbledon Corporation has two production departments, Assembly and Machining, and two service departments, Personnel and Cafeteria. Direct costs for each department and the proportion of service costs used by the various departments for the month of July, 2023 are as follows: Department Personnel Cafeteria Machining Assembly Direct costs $ 30,000 $ 50,000 Proportion of Services Used by: Personnel Cafeteria Machining Assembly 0.40 0.30 0.30 0.20 0.50 0.30 $ 80,000 $ 70,000 Required: Compute the allocation of service department costs to producing departments for July 2023 using the direct method. Wimbledon Corporation has two production departments, Assembly and Machining, and two service departments, Personnel and Cafeteria. Direct costs for each department and the proportion of service costs used by the various departments for the month of July, 2023 are as follows: Department Personnel Cafeteria Machining Assembly Direct costs $ 30,000 $ 50,000 Proportion of Services Used by: Personnel Cafeteria Machining Assembly 0.40 0.30 0.30 0.20 0.50 0.30 $ 80,000 $ 70,000 Required: Compute the allocation of service department costs to producing departments for July 2023 using the direct method.
Expert Answer:
Answer rating: 100% (QA)
To allocate the service department costs to the producing departments using the di... View the full answer
Posted Date:
Students also viewed these accounting questions
-
On January 1, Year 2, PAT Ltd. acquired 90% of SAT Inc. when SATs retained earnings were $900,000. There was no acquisition differential. PAT accounts for its investment under the cost method. SAT...
-
Interview the owner/manager of a sole proprietorship or a general partnership. What characteristics of that business form led the owner to choose it? Does he or she ever contemplate changing the form...
-
A plano-convex lens having a radius of curvature of r = 4.00m is placed on a concave glass surface whose radius of curvature is R= 12.0 m, as shown in Figure P37.65. Determine the radius of the 100th...
-
Which item(s) appears as a reconciling item(s) to the book balance in a bank reconciliation? a. Outstanding checks b. Deposits in transit C. Both a and b d. None of the above
-
Walton Company has measured its quality costs for the past two years. After the company gathers its quality cost data, it summarizes those costs using the four categories shown below: Required: 1....
-
PB10-7 (Algo) (Supplement 10B) Recording Bond Issue, Interest Payments (Effective-Interest Amortization), and Early Bond Retirement [LO 10-S2] On January 1, 2021, Methodical Manufacturing issued 100...
-
What is a growing problem with the "Robin Hood" policy that dozens of school districts such as Plano ISD are facing in making recapture payments?
-
What are two important industry risks that an auditor should consider when planning an audit?
-
Describe four recommendations made by the National Commission on Fraudulent Financial Reporting.
-
An auditor ordinarily uses a working trial balance resembling the financial statements without foot-a. Cash flow increases and decreases. b. Audit objectives and assertions. c. Reclassifications and...
-
Explain friction circle.
-
How does the auditor use the audit risk model to help plan the audit?
-
Write a detailed paper on the business Case including Plan and Business Case Template by West Virginia Office of Technology
-
Independent random samples of sizes n1 = 30 and n2 = 50 are taken from two normal populations having the means 1 = 78 and 2 = 75 and the variances 21 = 150 and 22 = 200. Use the results of Exercise...
-
What are the limitations of Carnot cycle?
-
Define thermal efficiency of a heat engine.
-
Differentiate between a heat pump and a refrigerator.
Study smarter with the SolutionInn App