Required information [The following information applies to the questions displayed below.) The following information is departmental...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Required information [The following information applies to the questions displayed below.) The following information is departmental cost allocation with two service departments and two production departments. Percentage Service Provided to Department Cost si 52 P1 40% 30% 12 30% $ 37,000 25 0 30 45 Service 1 (81) Service 2 (52) Production 1 (P1) Production 2 (P2) 27,000 170,000 220,000 What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1 and P2 using the step method with S1 going first? P1 P2 Service Department Cost Allocation otal Cost 08 Required information [The following information applies to the questions displayed below.) The following information is departmental cost allocation with two service departments and two production departments. Percentage Service Provided to Department Cost si 52 P1 40% 30% 12 30% $ 37,000 25 0 30 45 Service 1 (81) Service 2 (52) Production 1 (P1) Production 2 (P2) 27,000 170,000 220,000 What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1 and P2 using the step method with S1 going first? P1 P2 Service Department Cost Allocation otal Cost 08
Expert Answer:
Answer rating: 100% (QA)
Service depp cost allocated S2 P1 P2 Service1Allocated 14800 11100 1... View the full answer
Related Book For
Cost Management A Strategic Emphasis
ISBN: 978-1259917028
8th edition
Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith
Posted Date:
Students also viewed these accounting questions
-
4. (9 pts) For each of the following amino acids provide: a. The full structure under physiological conditions. b. The 3 and 1 letter codes. c. Draw the intermolecular interactions it would...
-
The following information applies to the questions displayed below Dower Corporation prepares its financial statements according to IFRS On March 31, 2021, the company purchased equipment for...
-
The following information applies to the questions displayed below Juan Diego began the year with a tax basis in his partnership interest of $50,000 During the year, he was allocated $20,000 of...
-
What types of costs should be considered in deriving the economic order quantity?
-
On January 1, 2010, the Vasby Software Company adopted a healthcare plan for its retired employees. To determine eligibility for benefits, the company retroactively gives credit to the date of hire...
-
A politician is listening to y a proposal for a new Social Security tax plan. The graph is shown. The two parts of the graph are disconnected where x = 100,000. Explain why this would be an unfair...
-
Glow Right Lighting Company is considering an investment in new equipment that will be used to manufacture a desk lamp. The desk lamp is expected to generate additional annual sales of 3,000 units at...
-
Zimmer Chemical Co. has chemical manufacturing facilities around the world. Recently, Zimmer erected a new facility in South Korea at a cost of $48 million and plans to operate the new facility for a...
-
I use T-test to test whether the abnormal returns are statistically different from zero. If the t-statistic is greater than the critical value, then the abnormal return is statistically significant,...
-
The following adjusted revenue and expense accounts appeared in the accounting records of Pashi, Inc., an accrual basis taxpayer, for the year ended December 31, Year 2. Revenues Net sales $3,000,000...
-
13) An ethical behavior with respect to public representationsis a) direct solicitation of an individual client. b) describingunique abilities and comparative desirability. c) citingprofessional...
-
List the three U.S. comparative advantagesand briefly discuss theimplications of each 1. Technology advantage: 2. Large domestic market: 3. Large area in temperate zone List the three U.S....
-
Capstone Exercise One of the best ways to illustrate the value of good market research and the importance of applying the results of market research to your marketing strategy is to look at a...
-
2. Differentiate between Asset and Services Ijarah. What are the rules related to Asset Ijarah contract? 3. If you want to form a partnership relationship with your investors, what are the possible...
-
The standard deviation on your last test was 10. The average was a 70. The distribution had a normal shape (symmetrical with only one hump). Half of the people scored 70 or below. What percentage of...
-
Former US President Trump is starting to draft an economic plan for his 2024 presidential campaign. He wants to keep the tax cuts implemented by the Trump administration in 2017, the Tax Cuts and...
-
Kannan Ramaswamy Kannan Ramaswamy holds the William D. Hacker Chair of Management in the Department of Global Business at the Thunderbird School of Global Management. His research has appeared in...
-
Nitrogen monoxide reacts with hydrogen as follows: 2NO(g)+ H2(g) N2O(g) + H2O(g) The rate law is [H2]/ t = k[NO]2[H2], where k is 1.10 107 L2/(mol2s) at 826oC. A vessel contains NO and H2 at...
-
Which of the following statements about the value chain is correct? a. The two phases of the activities of the value chain are the upstream activities and the downstream activities. b. A company need...
-
What is return on investment (ROI), and how is it calculated?
-
The pharmaceutical manufacturer Valeant had a business model of cost-cutting, minimizing expenditures on research and delaying clinical trials. The model succeeded, as Valeant became one of the...
-
At equilibrium suppliers of capital receive a rental price equal to the _________.
-
The quantity of funds supplied is _________ related to the interest rate.
-
At _________ interest rates, capital costs are lower.
Study smarter with the SolutionInn App