Kaplan Services Company (KSC) has 62 employees, 33 of whom are assigned to Division A and 29 to Division B. KSC incurred $377,580 of fringe benefits cost during 2014. Required Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B.
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Kaplan Services Company (KSC) has 62 employees, 33 of whom are assigned to Division A and 29 to Division B. KSC incurred $377,580 of
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- Stuart Services Company has 64 employees, 30 of whom are assigned to Division A and 34 to Division B. Stuart incurred $397,440 of fringe benefits cost during year 2. Determine the amount of the fringe benefits cost to be allocated to Division A and Division B. Division Allocated Cost A BCampbell Services Company has 70 employees, 21 of whom are assigned to Division A and 49 to Division B. Campbell incurred $433,300 of fringe benefits cost during year 2. Required Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B. Allocated Cost Divislon B.Finch Services Company has 54 employees, 33 of whom are assigned to Division A and 21 to Division B. Finch incurred $327,240 of fringe benefits cost during year 2. Required Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B. Allocated Division Cost A В
- Rundle Services Company has 53 employees, 36 of whom are assigned to Division A and 17 to Division B. Rundle incurred $318,000 of fringe benefits cost during Year 2. Required Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B. Division A B Allocated CostVernon Services Company has 53 employees, 38 of whom are assigned to Division A and 15 to Division B. Vernon incurred $318,530 of fringe benefits cost during year 2. Required Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B. Allocated Cost Division A BQuestion : 43 - Kaplan Services Company (KSC) has 62 employees, 33 of whom are assigned to Division A and 29 to Division B. KSC incurred $377,580 of fringe benefits cost during 2014. Required Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B.
- A company uses charging rates to allocate service department costs to the using departments. The accountant compiled the following information on one of the service departments: If Department K plans to use 1,350 hours of the service departments service in the coming year, how much of the service departments cost is allocated to Department K? a. 3,375 b. 27,300 c. 26,325 d. 23,950Management of XYZ Media has decided to allocate the costs of the paper's two service/support departments (administration and human resources) to the two revenue generating/producing departments (advertising and circulation.) Administration costs are to be allocated on the Pesos of Assets Employed. ; Human Resources costs are to be allocated on the basis of Number of Employees. The following costs and allocated bases are available. (Convert the fractions on the allocated bases into percentages rounded to the whole number). Department - Administration: Direct Costs - P781,500 Number of Employees - 10 Pesos of Assets Employed - P387,100 Department - Human Resources: Direct Costs - P492,700 Number of Employees - 7 Pesos of Assets Employed - P291,700 Department - Advertising: Direct Costs - P957,800 Number of Employees - 12 Pesos of Assets Employed - P762,400 Department - Circulation: Direct Costs - P1,352,600 Number of Employees - 25 Pesos of Assets Employed - P1,870,300…Carica Company is a manufacturer with two production departments (Machining andAssembly) as well as two support departments (Materials Requisitions and Utility Services).For the last quarter of 2020, Carica’s cost records indicate the following: Required: 1. Compare and explain differences in the support-department costs allocated to eachproduction department. 2. What approaches might be used to decide the sequence in which to allocate supportdepartments when using the step-down method?
- Michael Scott Paper Co. uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on the machine hours required.At the beginning of 2020, the company expected to incur the following:Michael Scott Paper Co.Beginning of 2020 Manufacturing overhead costs $1,001,910 Direct labor costs $1,512,800 Number of Machine hours to be used 73,400 At the end of 2020, the company had actually incurred:Michael Scott Paper Co.End of 2020 Direct labor costs $1,219,700 Depreciation on manufacturing plant equipment $596,400 Property taxes on plant $39,600 Sales Salaries $28,400 Delivery drivers wages $25,600 Plant janitor's wages $17,100 Number of Machine hours actually used 65,700 (Round your answers to two decimal places when needed and use rounded answers for all future calculations).1. Compute the predetermined overhead allocation rate. Total estimated overhead cost ? Total estimated quantity of the overhead allocation base =…ABC Company has two support departments, HR and IS, and two operating departments, Production and Sales. HR department costs are allocated using number of employees, and IS department costs are allocated using Labor hours. For July 2019, the following information is given: Cost Before Allocation Number of Employees Labor Hours HR IS $90,000 $60,000 2,000 Answer: 6,000 Production $360,000 3,000 15,000 Sales $520,000 5,000 9,000 Total $1,030,000 10,000 30,000 Using the Direct method, What IS department cost will be allocated to the Sales departments?Freezo Proprietary Limited has two support departments, Maintenance Department (MD) and Personnel Department (PD), and two producing departments, P1 and P2. The Maintenance Department costs of 12,163 are allocated on the basis of standard service used. The Personnel Department costs of 3,745 are allocated on the basis of number of employees. The direct costs of Departments P1 and P2 are R9 000 and R15 000, respectively. Data on standard service hours and number of employees are as follows: MD PD P1 P2 Standard service hours 100 50 325 176 Number of employees 10 20 148 101 Direct labour hours 50 50 250 250 Using the direct method, calculate the cost of the support departments allocated to Department P1.
