(yParker Corporation has two service departments, Cafeteria und ingineering, und two operating departments. The number of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
(yParker Corporation has two service departments, Cafeteria und ingineering, und two operating departments. The number of employees in each department is given below 1) Cafeteria Engineering Operating Department 1 Operating Department 2 10 40 500 200 The costs of the Cafeteria are allocated to other departments on the basis of the number of employees in the departments. If these costs are budgeted at S69,375, the amount of Cafeteria cost allocated to Engineering under the direct method would be closest to: A) S17,344 B) $3,700 O 3,750 D) S0 (12) Which of the following would most likely NOT be ineluded as manufacturing overhead in a furmiture factory? A) The cost of the glue in a chair. B) The workman's compensation insurance of the supervisor who oversees production. C) The factory utilities of the department in which production takes place. D) The amount paid to the individual who stains a chair. 12) 13) Dake Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: 13 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 6.55 $ 3.50 $ 1.40 $ 2.60 $ 0.70 $ 0.40 $ 1.50 $ 0.45 For financial reporting purposes, the total amount of product costs incurred to make 4,000 units is closest to: A) $56,200 9 $45,800 D) $10,400 B) $60,200 (yParker Corporation has two service departments, Cafeteria und ingineering, und two operating departments. The number of employees in each department is given below 1) Cafeteria Engineering Operating Department 1 Operating Department 2 10 40 500 200 The costs of the Cafeteria are allocated to other departments on the basis of the number of employees in the departments. If these costs are budgeted at S69,375, the amount of Cafeteria cost allocated to Engineering under the direct method would be closest to: A) S17,344 B) $3,700 O 3,750 D) S0 (12) Which of the following would most likely NOT be ineluded as manufacturing overhead in a furmiture factory? A) The cost of the glue in a chair. B) The workman's compensation insurance of the supervisor who oversees production. C) The factory utilities of the department in which production takes place. D) The amount paid to the individual who stains a chair. 12) 13) Dake Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: 13 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 6.55 $ 3.50 $ 1.40 $ 2.60 $ 0.70 $ 0.40 $ 1.50 $ 0.45 For financial reporting purposes, the total amount of product costs incurred to make 4,000 units is closest to: A) $56,200 9 $45,800 D) $10,400 B) $60,200
Expert Answer:
Answer rating: 100% (QA)
Answer11 OptionD 0 is the correct answer Reason and Explanation Under Direct method Service ... View the full answer
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
Posted Date:
Students also viewed these general management questions
-
List the total number of employees in each department for those departments with more than 10 employees. Create an appropriate heading for the columns of the results table.
-
The Sawyer Company has two service departments and two production departments. The following data are available from last year. The costs of Service Departments 1 and 2 are allocated on the basis of...
-
The following data show the number of employees who called in sick to a chemical plant during the last 50 days. This data can be found in the Excel file sick days.xlsx. Using = 0.01, perform a...
-
Which of these is located farthest south? Crete O Sardinia Sicily Corsica
-
What is meant by planning materiality? Identify the most important factors affecting the development of this figure.
-
The file BabyWeight provides newborn weights for a simple random sample of 135 infants born in the United States in 1995. Can we conclude that the population from which this sample came is normally...
-
What are the main components of corporate directional strategies?
-
Easton Corporation makes two different boat anchorsa traditional fishing anchor and a high-end yacht anchorusing the same production machinery. The contribution margin of the yacht anchor is three...
-
13. Now two forces are applied to the cart with two different spring scales as shown below. The spring scale FA still reads 10.5 N. FB The cart now moves toward the right with an acceleration toward...
-
On May 1, a petty cash fund was established for $150.00. The following vouchers were issued during May: REQUIRED 1. Prepare the journal entry to establish the petty cash fund. 2. Record the vouchers...
-
Think about the usual characteristics of preferred stock. (You should be able to answer these questions based on the discussions in the lecture video over preferred stock.) What does it mean for...
-
A client could be considered contributorily negligent if they a. fail to follow a doctors instructions. b. lie to their attorney. c. delay seeking medical attention. d. all of the above.
-
Activities carried out by water and gas utilities are considered ____________ functions of a local government.
-
Legal assistants a. should never discuss the status of a clients case. b. can shield attorneys from some of the interpersonal tasks with clients that are time-consuming. c. can listen to clients...
-
Express agreements to accept the risk will usually be enforced a. if they are prepared by common carriers, public utilities, or other regulated industries. b. even if the defendant is the sole or...
-
Why has nuisance enjoyed a resurgence? a. What is CERCLA? b. What advantages over CERCLA does a nuisance claim offer a plaintiff? c. What advantages over CERCLA does a nuisance claim offer a...
-
The year is 2040, Al has taken over the world, you belong to one of the few human rebel groups that are still fighting to regain the world. After careful study you have discovered that all the Al...
-
What is your assessment of the negotiations process, given what you have studied? What are your recommendations for Mr. Reed? You must justify your conclusions
-
What is the difference between an operating and a financial budget?
-
The Leblanc Company employs a job order costing system to account for its costs. The company has three production departments. Separate departmental cost driver rates are employed because the demand...
-
Wright Company, a new systems consulting company, is concerned about the profitability of its customers during the past year. The company has prepared the following data: Required(a) Prepare a whale...
-
What are the elements of a master budget?
-
How would the budget-setting philosophy of a service provider differ from that of a manufacturing business?
-
What are the advantages and disadvantages of a bottom-up approach to budgeting?
Study smarter with the SolutionInn App