Answer in text form please !Required information.The Ferre Publishing Company has three service departments and two operating departments. Selected data from arecent period on the five departments follow:CostsNumber of employeesSquare feet of space occupiedHours of press timeDepartmental costs before allocationsAllocations:Administration costsJanitorial costsMaintenance costsTotal costs after allocationsService DepartmentsAdministration Janitorial$ 155,400 $ 116,5503510,0006015,000$$Administration is allocated based on number of employees; Janitorial based on space occupied; and Maintenance based on hours ofpress time.Administration JanitorialRequired:Assuming that the company uses the direct method to allocate service department costs, how much cost would be assigned to eachoperating department? (Please enter allocations from a department as negative and allocations to a department as positive. Theline should add across to zero. Do not round intermediate calculations.)Service DepartmentsMaintenance$ 53,28014020,000155,400 $ 116,550 $155,400 $Maintenance116,550 $Operating DepartmentsBinding$ 305,25031540,00030,00053,280 $53,280 $Printing$ 477,300210100,00060,000Total$ 1,107,780760185,00090,000305,250 $Operating DepartmentsBindingPrinting305,250 $ 477,300 $ 1,107,780Total477,300 $ 1,107,780

Lets understand the basics.Service department costs gets allocated to operating department using,(1)…

Required information The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on the five departments follow: Costs Number of employees Square feet of space occupied Hours of press time Service Departments Administration Janitorial $ 155,400 $ 116,550 35 10,000 quired: 60 15,000 Maintenance $ 53,280 140 20,000 Operating Departments Binding Printing $ 305,250 $ 477,300 315 210 40,000 100,000 30,000 60,000 Total $ 1,107,780 760 185,000 90,000 ministration is allocated based on number of employees; Janitorial based on space occupied; and Maintenance based on hours of ss time.

Required information The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on the five departments follow: Costs Number of employees Square feet of space occupied Hours of press time Service Departments Administration Janitorial $ 155,400 $ 116,550 35 10,000 quired: 60 15,000 Maintenance $ 53,280 140 20,000 Operating Departments Binding Printing $ 305,250 $ 477,300 315 210 40,000 100,000 30,000 60,000 Total $ 1,107,780 760 185,000 90,000 ministration is allocated based on number of employees; Janitorial based on space occupied; and Maintenance based on hours of ss time.

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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