PLS ANSWER AND SHOW SOLUTION Consolidated Magnets, Inc. has 3 plants. Each plant produces identical magnets butuses different manufacturing processes. Each plant sells to different customers,setting its prices. Headquarters' costs total P350,000. Factors that are considered forallocation purposes are as follows:Unit Volume15,00019,00017,50051,500Peso Volume500,000 P900,000750,000P 2,150,000 P1,700,000Assets300,000600,000800,000РayrollP 335,000Plant APlant B450,000280,000PL065.000Plant CTotals25. What is the amount of headqyarters` costs allocated to Plant A if payroll is usedas the allocation base?а.75,053b. Р92,019с. Р 10,094d. P1,019,35726. What is the amount of headquarters' costs allocated to Plant B if sales volume, inpesos, is used as the allocated base?a. P 81,395b. P 129,126с. Р 146,512d. P 268,605

Allocation of cost is the technique using which the common overhead of different departments or…

Consolidated Magnets, Inc. has 3 plants. Each plant produces identical magnets but Each plant sells to different customers, uses different manufacturing processes. setting its prices. Headquarters' costs total P350,000. Factors that are considered for allocation purposes are as follows: Unit Volume 15,000 19,000 17,500 51,500 25. What is the amount of headqyarters costs allocated to Plant A if payroll is used Peso Volume 500,000 P 900,000 750,000 P 2,150,000 PI,700,000 Assets 300,000 600,000 800,000 Payroll P 335,000 450.000 Plant A Plant B Plant C Totals 280,000 PL.065.000 as the allocation base? а. P. 75,053 b. P 92,019 P 110,094 d. P1,019,357 с. 26. What is the amount of headquarters' costs allocated to Plant B if sales volume, in pesos, is used as the allocated base? а. 81,395 b. P 129,126 P 146,512 d. P 268,605 с.

Consolidated Magnets, Inc. has 3 plants. Each plant produces identical magnets but Each plant sells to different customers, uses different manufacturing processes. setting its prices. Headquarters' costs total P350,000. Factors that are considered for allocation purposes are as follows: Unit Volume 15,000 19,000 17,500 51,500 25. What is the amount of headqyarters costs allocated to Plant A if payroll is used Peso Volume 500,000 P 900,000 750,000 P 2,150,000 PI,700,000 Assets 300,000 600,000 800,000 Payroll P 335,000 450.000 Plant A Plant B Plant C Totals 280,000 PL.065.000 as the allocation base? а. P. 75,053 b. P 92,019 P 110,094 d. P1,019,357 с. 26. What is the amount of headquarters' costs allocated to Plant B if sales volume, in pesos, is used as the allocated base? а. 81,395 b. P 129,126 P 146,512 d. P 268,605 с.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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