Operating Dapartments Processing $875,000 Service Dapartments Total Cafeterla $ 210,000 2,000 Packaging $550,000 Custodlal $1,785,000 Departmental costs Space occupled in m2 Number of employees $150,000 500 10,000 8,000 20,500 12 165 135 317 Lirpa uses the step-down method for allocation. Costs are allocated from custodlal based on space occupled to cafeterla then to the operating departments. Cafeterla costs are allocated to the operating departments based on number of employees. Complete the service department allocations below. Note: not all blue cells must be filled in Department Allocation Basis as percentages: Custodial Administration Processing Bottling Custodial Administration Reallcoation of Costs: Custodial Administration Processing Bottling Total Custodial Costs Reallocation Total Administration Costs Reallocation Total

Operating Dapartments Processing $875,000 Service Dapartments Total Cafeterla $ 210,000 2,000 Packaging $550,000 Custodlal $1,785,000 Departmental costs Space occupled in m2 Number of employees $150,000 500 10,000 8,000 20,500 12 165 135 317 Lirpa uses the step-down method for allocation. Costs are allocated from custodlal based on space occupled to cafeterla then to the operating departments. Cafeterla costs are allocated to the operating departments based on number of employees. Complete the service department allocations below. Note: not all blue cells must be filled in Department Allocation Basis as percentages: Custodial Administration Processing Bottling Custodial Administration Reallcoation of Costs: Custodial Administration Processing Bottling Total Custodial Costs Reallocation Total Administration Costs Reallocation Total

Name: Operating DapartmentsPackaging$550,0008,000135Service DepartmentsTota
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Description: Operating DapartmentsPackaging$550,0008,000135Service DepartmentsTotalCafeterla$210,0002,000Processing$875,00010,000165CustodlalDepartmental costsSpace occupled in m2Number of employees$150,00050$1,785,00020,50031712Lirpa uses the step-down method f

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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05 Following is a partial production cost report for Mitchell Manufacturing's Canning department. Equivalent units of production (EUP) Completed and transferred out Ending Work in Process Cost per EUP Cost of beginning work in process Costs added this period Total costs Units 80,000 12,000 Direct Materials Percent Complete EUP 100% 100% Direct Materials $ 43,000 144,000 $ 187,000 + Equivalent units of production 92,000 Cost per EUP $ 2.03 per EUP The total conversion costs transferred out of the Canning department equals: 80,000 12,000 92,000 Conversion $ 63,200 193,600 $ 256,800 88,400 Conversion Percent Complete 100% 80% $ 2.90 per EUP EUP 80,000 8,400 88,400
Technology and Personnel, and two operating departments, Prepress and Printing. Service Department Operating Department Information Technology $ 27,412 Printing $ 530,110 Personnel Prepress Departmental costs $ 27,008 $ 376,940 Computer workstations 28 19 51 38 Employees 27 14 98 30 Information Technology Department costs are allocated on the basis of computer workstations and Personnel Department costs are allocated on the basis of employees. The total Prepress Department cost after service department allocations is closest to: Multiple Choice $406,961 $413,326 $402,881 $410,563
Allocate the service cost using the following reciprocal method.
Total cost Meals served Square feet of space Files processed Service Department Housekeeping Services Food Services Administrative Services Service Departments Housekeeping Food Administrative Services Services Services $ 98,000 $ 323,060 Departmental costs before allocations Allocations: 6,100 Housekeeping Services costs Food Services costs Administrative Services costs Total costs after allocations Allocation Bases Square feet of space Meals served Files processed 16,300 The costs of the service departments are allocated by the step-down method using the allocation bases and in the order shown in the following table: Housekeeping Services (98,000) Laboratory Radiology $ 271,020 $ 433,400 $ 564,500 0 0 0 Operating Departments 1,900 8,700 All billing in the hospital is done through Laboratory, Radiology, or General Hospital. The hospital's administrator wants the costs of the three service departments allocated to these three billing centers. Required: Using the step-down method,…
Reciprocal Method of Support Department Cost Allocation Chekov Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly. Direct costs Normal activity: Number of employees Square footage Support Departments Human Resources $150,000 Human Resources 1,500 General Factory Human Resources General Factory $330,000 0 60 ✓ Producing Departments 14,000 ) The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. Now assume that Chekov Company uses the reciprocal method to allocate support department costs. Fabricating Assembly $114,800 $95,000 Required: 1. Calculate the allocation ratios (rounded to four significant digits) for the four departments using the reciprocal method. If an amount is zero, enter "0". Use the rounded values for subsequent calculations. Proportion of Driver Used by General Factory 45 X…
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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 $2.10 and $0.45, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 2,200 Started and completed during the period 43,000 43,000 Transferred out of Filling (completed) 43,000 45,200 Inventory in process, end of period 4,000 1,200 Total units to be assigned costs 47,000 46,400 The beginning work in process inventory had a cost of $1,500. 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 $fill in the blank 1 Inventory in process, ending $fill in the blank 2
Department 1 is transferring units that cost $40,000 to Department 2. Give the journal entry.
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The following is a partially completed departmental expense allocation spreadsheet for Brickland. It reports the total amounts of direct and indirect expenses for its four departments. Purchasing department expenses are allocated to the operating departments on the basis of purchase orders. Maintenance department expenses are allocated based on square footage. Compute the amount of Maintenance department expense to be allocated to Fabrication. Operating costs No. of purchase orders Sq. ft. of space Multiple Choice O $6,400. $9,900. $8,100. $9,000. $25,600. Purchasing Maintenance Fabrication Assembly $32,000 $18,000 $96,000 16 3,300 $62,000 4 2,700
Assume a company provided the following information: Departmental costs Number of employees Square feet of space occupied Multiple Choice If the company (1) uses the direct method to allocate service department costs to operating departments, (2) allocates Cafeteria costs based on the number of employees, and (3) allocates Janitorial costs based on square feet of space of occupied, then the cost allocated from the Cafeteria Department to the Lab Department is closest to: C $58,338. $63,467. $76,800. Service Departments Operating Departments Cafeteria Janitorial Lab Tech $232,000 $950,000 32 68 $240,000 $140,000 20 2,000 11,000 9,000 $116,800. 10 3,000