Use the following information to compute each department's contribution to overhead. Which department contributes the largest amount toward total overhead? Sales Cost of goods sold Gross profit Total direct expenses Contribution to overhead Department A $ 63,000 39,690 23,310 4,620 $ Contribution to overhead Contribution to Departmental Overhead Overhead Compute each department's contribution to overhead. Complete this question by entering your answers in the tabs below. Department B $ 219,000 113,880 105,120 43,360 $

Use the following information to compute each department's contribution to overhead. Which department contributes the largest amount toward total overhead? Sales Cost of goods sold Gross profit Total direct expenses Contribution to overhead Department A $ 63,000 39,690 23,310 4,620 $ Contribution to overhead Contribution to Departmental Overhead Overhead Compute each department's contribution to overhead. Complete this question by entering your answers in the tabs below. Department B $ 219,000 113,880 105,120 43,360 $

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 7P: Distribution of service department costs to production departments using the sequential distribution...

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Use the following information to compute each department's contribution to overhead. Which department contributes the largest amount toward total overhead? Sales Cost of goods sold Gross profit Total direct expenses Department A $ 54,000 34,020 19,980 4,980 Department B $ 201,000 104,520 96,480 37,480 Department C $ 81,000 42,930 38,070 8,926 Complete this question by entering your answers in the tabs below. Contribution to Departmental Overhead Overhead Compute each department's contribution to overhead. Department A Department B Department C Contribution to overhead Use the following information to compute each department's contribution to overhead. Which department contributes the largest amount toward total overhead? Department A $ 54,000 34,020 Department B $ 201,000 104,520 96,480 37,480 Department C $ 81,000 Sales Cost of goods sold Gross profit Total direct expenses 19,980 4,980 42,930 38,070 8,926 Complete this question by entering your answers in the tabs below. Contribution…
Use the following information to compute each department's contribution to overhead. Which department contributes the largest amount toward total overhead? Sales Cost of goods sold Gross profit Total direct expenses Contribution to overhead Department A $ 53,000 Department B $ 180,000 Department C $ 84,000 34,185 103,700 49,560 18,815 76,300 34,440 3,660 37,060 7,386 $ $ $ Complete this question by entering your answers in the tabs below. Contribution to Departmental Overhead Overhead Compute each department's contribution to overhead. Department A Department B Department C Contribution to overhead Contribution to Overhead Departmental Overhead >
Use the following information to compute each department's contribution to overhead. Which department contributes the largest amount toward total overhead? Sales Cost of goods sold Gross profit Total direct expenses Contribution to overhead Department A $ 54,000 Department B $ 184,000 Department C $ 80,000 34,020 95,680 42,400 19,980 88,320 37,600 5,340 37,060 8,486 $ $ $ Complete this question by entering your answers in the tabs below. Contribution to Departmental Overhead Overhead Compute each department's contribution to overhead. Contribution to overhead Department A Department B Department C
The Bramble Company makes wheels and wings for ground transport vehicles and drones. In addition to the key manufacturing departments, Bramble needs two key support services, provided by its Maintenance and IT departments. The Maintenance costs are allocated to other departments based on the square footage of space each department occupies. The IT department allocates its costs to other departments based on the amount of time the IT employees spend assisting the other departments. The cost information of all four departments, along with their usage information for both allocation bases, is as follows. Initial cost Square feet occupied IT labor hours used Support Departments Maintenance IT $120.000 $74.000 1,100 1.800 1,100 Operating Departments Wheels $396,000 2,160 2,280 Wings $700,000 5,040 h 1.720 Totals $1,290,000 10,100 5,100
How are overhead expenses allocated to particular departments? A. Strictly based on floor space B. Based on a ratio of space to sales volume C. Strictly based on sales volume D. By floor space or sales volume Please provide proper explanation
In each blank next to the following types of indirect expenses and service department expenses, place the identifying letter of the best allocation basis to use to distribute it to the departments indicated. 1. Computer service expenses of production scheduling for operating departments. 2. General office department expenses of the operating departments. 3. Maintenance department expenses of the operating departments. 4. Electric utility expenses of all departments. A. Relative number of employees. B. Proportion of total time in each department for maintenance. C. Proportion of floor space occupied by each department. D. Proportion of total processing time for each operating department.
Need detail explanation Provide general discussion on predetermined variable overhead criterion and its possible dependence on the activity for which it is used. Provide a variable costing income statement in which variable overhead is divided among different activities, and that each activity has its own predetermined variable overhead criterion. The following is a partially completed lower section of a departmental expense allocation for Cozy Bookstore. It reports the total amounts of direct and indirect expenses allocated to its five (5) departments. Allocate the expenses of the two service departments (advertising and purchasing) to the three operating departments and provide the complete income statement. ** attached image Phoenix Company’s 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. ** attached image Organize a template for variable costing income statements in which the sales volume is a…
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Need detail explanation Provide general discussion on predetermined variable overhead criterion and its possible dependence on the activity for which it is used. Provide a variable costing income statement in which variable overhead is divided among different activities, and that each activity has its own predetermined variable overhead criterion. The following is a partially completed lower section of a departmental expense allocation for Cozy Bookstore. It reports the total amounts of direct and indirect expenses allocated to its five (5) departments. Allocate the expenses of the two service departments (advertising and purchasing) to the three operating departments and provide the complete income statement. ** attached image Phoenix Company’s 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. ** attached image Determine their amounts per unit or their amounts for the year, as appropriate.
Need Detail explanations Provide general discussion on predetermined variable overhead criterion and its possible dependence on the activity for which it is used. Provide a variable costing income statement in which variable overhead is divided among different activities, and that each activity has its own predetermined variable overhead criterion. The following is a partially completed lower section of a departmental expense allocation for Cozy Bookstore. It reports the total amounts of direct and indirect expenses allocated to its five (5) departments. Allocate the expenses of the two service departments (advertising and purchasing) to the three operating departments and provide the complete income statement. ** attached image Phoenix Company’s 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. ** attached image Identify the unit variable costs in the format of variable costing, according to…
Need detail explanation Provide general discussion on predetermined variable overhead criterion and its possible dependence on the activity for which it is used. Provide a variable costing income statement in which variable overhead is divided among different activities, and that each activity has its own predetermined variable overhead criterion. The following is a partially completed lower section of a departmental expense allocation for Cozy Bookstore. It reports the total amounts of direct and indirect expenses allocated to its five (5) departments. Allocate the expenses of the two service departments (advertising and purchasing) to the three operating departments and provide the complete income statement. ** attached image Phoenix Company’s 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. ** attached image Find the breakeven point and provide the income statement at break even Provide income…
True or False _____13. With the use of the algebraic method, each department’s costs are set out in anequation where total costs equals the sum of direct and allocated costs. _____14. When departmentalized rates is used to allocate overhead costs, all departmentsincluding service departments will compute for such rates. _____15. Over/under applied overhead must be closed and allocated to Cost of Goods Sold,Finished Goods and Raw Materials accounts, when the amount is considered material orsignificant.