The following business has 5 departments:Department A, B and C are production units and Cleaning andMaintenance service units.• Overheads for Department A is calculated on machine hours• Service departments costs are allocated sequentially, and Maintenancedepartment is allocated first.Cleaning is allocated by floor space• Maintenance is allocated by machine hoursAACleaningMalntenanceMachine10025075510HoursFloor Space2005060150120Total50 00075 00025 00015 00017 500OverheadsHow much cleaning should be allocated to Department A?

Overheads are the expenses incurred by the organization whose impact cannot be magnified to every…

Answered: A Cleaning Malntenance Machine 100 250…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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CengageNOWv2 | Online teachin x + A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession. E * Ch 20.2 Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Ivy Cosmetics Company are $1.75 and $1.85, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 2,800 Started and completed during the period 46,000 46,000 Transferred out of Filling (completed) 46,000 48,800 Inventory in process, end of period 3,000 1,500 Total units to be assigned costs 49,000 50,300 The beginning work in process inventory had a cost of $1,570. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar. Completed and transferred out of production Inventory in process, ending 8,025 Feedback V…
A ezto.mheducation.com Homework: Cost Management and Allocation Assignment Question 5 - Homework: Cost Management and Allocatic :Cost Management and Allocation Assignm... 6 Saved Help Caro Manufacturing has two production departments, Machining and Assembly, and two service departments, Maintenance and Cafeteria. Direct costs for each department and the proportion of service costs used by the various departments for the month of August follow: Proportion of Services Used by Direct Costs Department Machining Assembly Maintenance Cafeteria Maintenance Cafeteria Machining Assembly $120,000 76,000 54,000 37,000 0.2 0.6 0.2 0.7 0.2 0.1 Required: Use the step method to allocate the service costs, using the following: a. The order of allocation starts with Maintenance. b. The allocations are made in the reverse order (starting with Cafeteria). Complete this question by entering your answers in the tabs below. Required A Required B The order of allocation starts with Maintenance. (Negative…
Question 6.4 Krum Lawn Equipment has five departments, of which Casting and Finishing are producing departments. Maintenance, Product Movement, and Inspection are service departments. The distribution of the service departments is as follows: Service Costs Services provided to: Maint. Prod. Move. Insp. Cast. Finish. Maintenance $84,000 5% 25% 50% 20% Product movement 160,000 10% 5 45 40 Inspection 38,000 15 5 20 60 Required Use the direct method to allocate the service departments' costs. Prepare a schedule showing the total costs allocated to each…
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Identify the following costs whether they are included in production costs or non-production costs or period costs
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2nl phary sutcln I0.19 Aceoutivg Total Problem 6 A factory uses a job costing system. The following data ar vailable from the books pertaining to job No. A-5: Materials (direct): 14.60 Kg@ Tk. 2.50 Kg. Wages (direct): Department X 18 hours @ Tk.. 3.50 per hour Department Y 32 hours aTk. 3.00 per hour Budget overhead for the year based on normal capacity is as follows Variable overhead: Department X Tk. 5.400 for 9.000 direct labor hours Department Y Tk. 8.000 for 10.000 direct labor hours Fixed overhead: Total budget direct labor hours for whole factory 22,000 Total budget expenditure Tk. 16.500 Required: (i) Compute the factory overhead rate. (ii) Calculate the total cost of job No. A-5 (iii) Estimate the percentage of profit obtained if the price quoted to the eustomer is Tk. 350 (iv) Suppose the actual fixed overhead costs and direct labor hours used in the factory are Tk. 19.000 and 24.000 hours respectively. then what would be the amount of under applied or over applied?
X 8 FILE Paste Clipboard C16 4 1. Assign indirect costs to products or services using activity based costing. & 14 HOME Calibri A Activity Cost Pool 5 Material Handling ▶ L= BIU INSERT ⠀ READY Attomatle) 3/2 6 Machine Set-Ups 7 Engineering Support 8 Power and Space 9 Total overhead cost $ 10 15 Activity Cost Pool 16 Material Handling 17 Machine Set-Ups 18 Engineering Support 19 Power and Space 20 Total Overhead Cost 21 22 DO Font Sheet1 11 PAGE LAYOUT B A A A. Overhead Cost $ 300,000 $ 210,000 fxx 710,000 + E Economy FORMULAS C Assigning indirect costs to products or services using activity based costing - Excel DATA REVIEW VIEW Wrap Text *Merge & Center - Alignment Deluxe D Overhead Assigned Using Activity Rates Activity Cost Driver 5,000 Material moves Set-ups Engineering hours $ 20,000 square feet. 11 Use formulas to assign overhead to each product using both activity rates and activity proportions (%). 12 Create if/then statements to verify that the two methods produce the same…
Moving to another question will save this response. Question 5 What is the role of supporting department? OA. Provide services to the operating and other support departments. OB. None of them OC. Produce production OD. Provide service to the production department A Moving to anoth
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A Cleaning Malntenance Machine 100 250 75 5 10 Hours Floor Space 150 200 120 50 60 Total 50 000 75 000 25 000 15 000 17 500 Overheads uch cleaning should be allocated to Department A?