Why are service department costs included in overhead rates? Why should actual service department costs be accumulated
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Total costs of service department overhead are included in overhead rates in order to charge job...View the full answer
Answered By
Joseph Ogoma
I have been working as a tutor for the last five years. I always help students to learn and understand concepts that appears challenging to them. I am always available 24/7 and I am a flexible person with the ability to handle a wide range of subjects.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Model, Inc., produces model automobiles made from metal. It operates two production departments, Molding and Painting, and has three service departments, Administration, Accounting, and Maintenance....
-
Madison Corporation is developing departmental overhead rates based on direct labor hours for its two production departments, Molding and Assembly. The Molding Department employs 20 people, and the...
-
Tyler Tool Co. has two producing departments, Planers and Radial Drills, and two service departments, Maintenance and Utilities. Service departments costs are allocated to producing departments by...
-
A nutritionist at the Food and Drug Administration is studying the effects of cereal marketing on family meal choices. In particular, she would like to understand how cereal manufacturers market...
-
Consult Multiple-Concept Example for background material relating to this problem. A small rubber wheel on the shaft of a bicycle generator presses against the bike tire and turns the coil of the...
-
The four vital elements of the organization are People, structure, technology, and environment People, infrastructure, technology, and resources People, property, technology, and resources None...
-
List some examples of things that retailers (online or in-store) do to increase convenience for their customers.
-
The stockholders' equity accounts of Cyrus Corporation on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 5,000 shares authorized) .........$ 300,000 Common Stock ($4...
-
Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 6,000 units of cell phones are as follows: Variable costs per...
-
Simulations Calculating probabilities are sometimes painfully difficult, but simulations provide us with a very practical alternative to calculations based on formal rules. A simulation of a...
-
Overhead control reports received by department heads should include only those items over which they have control. Why?
-
In responsibility accounting and reporting, service department costs should be charged to user departments using predetermined billing rates rather than simply waiting until the end of the period and...
-
Arkind, an Indian company, is a global manufacturer and supplier of denim jeans to apparel retailers around the world. It purchases baled cotton around the world, ships it to its denim fabric...
-
The doubling period of a bacterial population is 10 minutes. At time t = 100 minutes, the bacterial population was 60000. What was the initial population at time t = 0? Find the size of the bacterial...
-
Find the angle between the vectors u = 3i+5j and v= -2i+j - 3k. The angle between the vectors is 0 radians. (Round to the nearest hundredth.)
-
Provide a brief and specific answer to the questions posed. If you are asked for a deadline, specify the year, month and day. In 2020 there were special one-time filing extensions granted in light of...
-
Please work on this document and share back with me as soon as work on it. The below is a picture of what the working excel document looks like. Calculate the taxable income, portion of TI that is...
-
With a view to minimizing total Tax Payable for the GRE and the beneficiaries, determine the amounts and type of income that should be distributed to each beneficiary for 2017. Using the allocations...
-
What is a predetermined absorption rate?
-
Give the products of the following reaction, where T is tritium: dioldehydrase Ad- CH CH3C-COH CoIII) coenzyme B12
-
Job order costing: actual, normal, and variation from normal costing. Thanatos & Hades (T&H) is law firm that specializes in writing wills. Its job-costing system has one direct cost pool,...
-
Proration of overhead the Ride-On-Water Company (ROW) produces a line of non-motorize boats. ROW uses a normal costing system and allocates manufacturing overhead using direct manufacturing labor...
-
Job costing, accounting for manufacturing overhead, budgeted rates. The Solomon Company uses a job-costing system at its Dover, Delaware, plant. The plant has a Machining Department and a Finishing...
-
Joey set up a lawn-mowing business in his neighborhood. He currently has 7 customers that want their lawns mowed each week, for which he charges $25.00 each. Joey spends $10.00 a week in gas and...
-
Vanessa has an outstanding bond with a 7.10 % semi-annual coupon and has 16 years left to mature. The current market rate is 10.50% per annum. What is the current yield of Vanessa's Bond.
-
Estimate the hydrogen consumption required to completely remove the sulfur from a hydrotreater feedstock and to reduce the nitrogen content of the product to 15 ppm by weight. The 48.5 API naphtha...
Study smarter with the SolutionInn App