Required informationSB (Static) The following information is...[The following information applies to the questions displayed below.]The following information is departmental cost allocation with two service departments and two production departments.Percentage ServiceProvided toDepartmentService 1 (S1)Service 2 (52)Production 1 (P1)Production 2 (P2)P1P2Cost$ 30,00020,000100,000150,000Total CostAllocatedS10%20P235%20 60Brief Exercise 7-14 (Static) If the cost in P1 is changed from... [LO 7-3]What is the amount of service department cost allocated to P1 and P2 using the direct method if the cost in P1 is changed from$100,000 to $120,000?52 P130% 35%0

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Required information SB (Static) The following information is... [The following information applies to the questions displayed below.] The following information is departmental cost allocation with two service departments and two production departments. Department Service 1 (51) Service 2 (52) Production 1 (P1) Production 2 (P2) P1 P2 Cost $ 30,000 Total Cost Allocated Percentage Service Provided to 100,000 150,000 51 0% 20,000 20 52 30% 35% 0 20 P1 P2 35% 60 Brief Exercise 7-14 (Static) If the cost in P1 is changed from... [LO 7-3] What is the amount of service department cost allocated to P1 and P2 using the direct method if the cost in P1 is changed from $100,000 to $120,000?

Required information SB (Static) The following information is... [The following information applies to the questions displayed below.] The following information is departmental cost allocation with two service departments and two production departments. Department Service 1 (51) Service 2 (52) Production 1 (P1) Production 2 (P2) P1 P2 Cost $ 30,000 Total Cost Allocated Percentage Service Provided to 100,000 150,000 51 0% 20,000 20 52 30% 35% 0 20 P1 P2 35% 60 Brief Exercise 7-14 (Static) If the cost in P1 is changed from... [LO 7-3] What is the amount of service department cost allocated to P1 and P2 using the direct method if the cost in P1 is changed from $100,000 to $120,000?

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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Departmental Cost Allocation Robinson Products Company has two service departments(S1 and S2) and two production departments (P1 and P2). The distribution of each service department’s efforts (in percentages) to the other departments is:ToFrom S1 S2 P1 P2S1 — 10% 20% ?%S2 10% — ? 30The direct operating costs of the departments (including both variable and fixed costs) are:S1 $180,000S2 60,000P1 50,000P2 120,000Required1. Determine the total cost of P1 and P2 using the direct method.2. Determine the total cost of P1 and P2 using the step method.3. Determine the total cost of P1 and P2 using the reciprocal method.
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Cost pool $58,200 $88,500 Total cost in cost pool O $7,200 pool 1 pool 2 pool 3 Compute allocated capacity costs for product Alpha. $18,000 $7,500 $63,000 $45,000 not enough information need to know the total number of cost driver units Number of cost driver units product Alpha 20 20 30 -- product Beta 30 5 12
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Equivalent Units: Weighted Average Method The following data are for four independent process-costing departments. Inputs are added continuously. A B C D Beginning inventory 8,000 3,000 — 48,000 Percent completion 40% 80% — 70% Units started 28,000 22,000 45,000 33,000 Ending inventory 7,000 — 8,000 13,000 Percent completion 30% — 20% 30% Required: Compute the equivalent units of production for each of the preceding departments using the weighted average method. Equivalent Units Department A fill in the blank 1 Department B fill in the blank 2 Department C fill in the blank 3 Department D fill in the blank 4
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Required information [The following information applies to the questions displayed below.] The following information is departmental cost allocation with two service departments and two production departments. Percentage Service Provided to Department Service 1 (S1) Cost $ 43,000 S1 S2 P1 P2 0% 30% 35% 35% Service 2 (S2) 33,000 25 0 45 30 Production 1 (P1) 230,000 Production 2 (P2) 280,000 What is the amount of service department cost allocated to P1 and P2 using the direct method? Total Cost P1 P2 Allocated