Robinson Products Company has two service departments (S1 and $2) and two production departments (P1 and P2) The distribution of each service department's efforts in percentages) to the other departments 1 From $1 52 To 51 52 P1 2011 30% H 201 P2 $2,000 130,000 7% 40 The direct operating costs of the departments (including both variable and fixed costs) are: 51 $ 175,000 52 65,000 PL P2 Required: 1. Determine the total cost of Pi and P2 using the direct method 2. Determine the total cost of Pi and P2 using the step method 3. Determine the total cost of Ps and P2 using the reciprocal method
Q: Onslow Company purchased a used machine for $288,000 cash on January 2. On January 3, Onslow paid…
A: At the time of disposal of the asset, the gain or loss on the disposal is computed by the difference…
Q: Cala Manufacturing purchases land for $433,000 as part of its plans to build a new plant. The…
A: The cost of an asset includes all the cost that makes the assets ready to use. So the cost of tear…
Q: Usaha Maju is a garment company that produces family-run uniforms and various clothing. The company…
A: Ans.Usaha Maju is a family run garment company that located outside Tangerang, Tangsel, and…
Q: Tony Stark and Company has projected sales and production in units for the second quarter of the…
A: The cash receipts schedule and cash disbursement schedule are prepared to estimate the cash receipts…
Q: In Cullumber Company, materials are entered at the beginning of each process, and conversion costs…
A: The equivalent units are calculated on the basis of the percentage of the work completed during the…
Q: Frannie Fans currently manufactures ceiling fans that include remotes to operate them. The current…
A: MAKE OR BUY DECISION The make-or-buy decision is choosing between manufacturing a product within a…
Q: Variable manufacturing costs Variable selling and administrative costs Fixed manufacturing costs…
A: Fixed costs are costs that do not change with change in level of activity. Variable costs changes…
Q: (Liquidity analysis) The Mitchem Marble Company has a target current ratio of 2.1 but has…
A: Short-term funding refers to an amount that is required to finance the needs for a short period of…
Q: Activity Customer Deliveries Manual Order Processing Electronic Order Processing Line Item Picking…
A: Activity-Based CostingThe aim of Activity-Based Costing (ABC) is to allocate indirect costs to…
Q: Williams Products Inc. manufactures and sells a number of items, including school knapsacks. The…
A: Irrelevant costs, also known as sunk costs, are expenses that have already been incurred and cannot…
Q: Identify three different diagnostic analytics that are used in an audit setting and describe how…
A: When used in the context of an audit, the term "diagnostic analytics" refers to the process of…
Q: 2. Assume the following data relative to ABC Corporation for 2016 is available: Net Income…
A: The earning per share is important to the shareholders and investors. Diluted earnings per share are…
Q: Use the following selected data from Business Solutions's income statement for the three months…
A: Investors, individuals, and strategists use ratios to examine company information in a detailed and…
Q: The following data on overhead apply to the Bernum Woods Company that manufactures golf equipment in…
A: Cost allocationCost allocation is one of the processes in cost management which includes the…
Q: The following information is available for Marin Inc. for three recent fiscal years. Inventory Net…
A: INVENTORY TURNOVERInventory Turnover Ratio is the Ratio Between Cost of Goods Sold and Average…
Q: Corporation's December 31, balance sheet showed the following: 7% preferred stock, $20 par value,…
A: The dividend is declared to the shareholders from the retained earnings of the business. The…
Q: Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process.…
A: Net present value refers to the method of capital budgeting used for estimating the viability of the…
Q: 54 56 57 52 53 55 51 50 47 48 49 41 42 43 44 45 46 40 39 36 37 38 31 32 355 33 34 16 17 18 15 13 14…
A: Journal entries recording is first step in accounting cycle process. Under this, atleast one account…
Q: Ag-Coop is a large farm cooperative with a number of agriculture-related manufacturing and service…
A: Operating income is the net income which is estimated by deducting the cost of goods sold and all…
Q: Tonto Company purchased all property for $280,000. The property included a building, equipment, and…
A: In accounting, the term "property" typically refers to tangible assets that a business or…
Q: Requirement 1. Complete the performance evaluabon report for this subunit Enter the variance percent…
A: Preparation of performance evaluation:Actual BudgetFlexible BudgetVariance (Flexible-Actual)%…
Q: Kohler Corporation reports the following components of stockholders' equity at December 31 of the…
A: A financial statement called the Statement of Retained Earnings displays changes in a company's…
Q: he standard quantity allowed for the units produced was 4700 pounds, the standard price was $2.50…
A: The variance is the difference between the actual data and standard output of the production.…
Q: The records of Culver's Boutique report the following data for the month of April. Sales revenue…
A: The investors are generally presented in the balance sheet at the net realizable value. The…
Q: Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses…
A: The ratio analysis helps to analyze the financial statements of the business. The debt-to-equity…
Q: Selected comparative financial statements of Haroun Company follow. ($ thousands) Sales Cost of…
A: Trend Analysis is a useful technique to compare financials with the later periods. In this…
Q: Wendell Company provided the following pertaining to its accounting year that ended December 31,…
A: The stock dividend decrease retained earnings, and increases issued capital and there is no effect…
Q: Phillip Company has a defined benefit pension plan. At the end of the reporting year, the following…
A: Project benefit obligation refers to the measurement of the value in the present for meeting the…
Q: Cold Lake Company produces no defective units, but it wants to reduce direct materials usage per…
A: An income statement is a financial report that indicates the revenue and expenses of a business. It…
Q: Requirement 2. Prepare a retained earnings statement for the year ended December 31, 2024. Assume…
A: Retained earnings is amount of earnings collected and accumulated over the period of time. Statement…
Q: Required information [The following information applies to the questions displayed below.] On…
A: Lets understand the basics.Depreciation is a reduction in value of asset due to wear and tear,…
Q: Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint…
A: Joint cost refers to the costs incurred in a production process where two or more products are…
Q: A sales invoice included the following information: merchandise price, $8,900; terms 1/10, n/eom;…
A: The net purchases is calculated as gross purchases less discount. and add freight charges. The cash…
Q: The account balances of Wildhorse Company at December 31, 2017, the end of the current year, show…
A: The allowance for doubtful accounts is created to reocrd estimated bad debt expense for the period.…
Q: Most Solutions, Incorporated, issued 13% bonds, dated January 1, with a face amount of $640 million…
A: Cash flow statement is one of financial statements includes three activities.Cash flow from…
Q: Required information Convers Corporation (calendar year-end) acquired the following assets during…
A: MACRS depreciation:- In United States, the depreciation method utilized for tax reasons is basically…
Q: Ball Company leased machinery to Denver Company on July 1, 2021, for a ten-year period expiring June…
A: A lease is a contract between two parties, the lessor and the lessee. The lessor is the owner of the…
Q: Tamarisk Co. uses a standard job cost system with a normal capacity of 27,000 direct labour hours.…
A: Fixed OH Spending Variance is the difference between budgeted fixed overhead and the actual fixed…
Q: Information (The following information applies to the questions displayed below] BMX Company has one…
A: The sum that an employer pays to its workers in return for services provided for a given time frame…
Q: Proceeds from Notes Payable On January 26, Nova Co. borrowed cash from Conrad Bank by issuing a…
A: On a company's balance sheet, the notes payable account shows the debt the company has to creditors…
Q: a Show how Petro-Edge would allocate the joint production costs to the three products under: 1…
A: A cost-allocation mechanism called the Sales-Value-at-Split-Off Method divides up joint costs among…
Q: Journalize the following adjustments. (Credit account titles are automatically indented when amount…
A: An Adjusting Journal Entry is an accounting entry made at the end of an accounting period to…
Q: Fuqua Company's sales budget projects unit sales of part 1982 of 10.100 units in January 12.100…
A: The production budget is referred as a detailed plan that outlines number of units the company needs…
Q: Carlsville Company began operations in the current year and had no prior stock investments. The…
A: The general ledger, where all transactions are summarised and arranged by accounts, is where journal…
Q: Required information [The following information applies to the questions displayed below.) As of…
A: A serial bond is a bond issuance that is designed so that a part of the outstanding bonds matures at…
Q: Compute Basic EPS Evaluate the Conversion Effect for Convertible Security A. Is it Dilutive?
A: Convertible bonds are compounding financial instruments having both debt and equity elements in the…
Q: Po16
A: The liquidity ratios include working capital, current ratio and acid test ratio. The current ratio…
Q: Bryant Company sells a wide range of inventories, which are initially purchased on account.…
A: Businesses can continuously monitor their inventory levels by using the perpetual inventory system.…
Q: Prepare a depreciation schedule assuming actual mileage was: 2022, 26,000: 2023, 32.000; 2024,…
A: The depreciation expense is charged on the fixed assets as reduction in the value of the fixed…
Q: Lemon, Lime, and Orange, three cash method, calendar year individuals, form Starburst General…
A: Partnership basis is the amount that each partner has invested in the partnership. It is used to…
Please do not give solution in image format thanku
Step by step
Solved in 3 steps
- II. AJA Company has two service departments (A and B) and two producing departments (X and Y). Data provided are as follows: Service Departments Operating Departments Y A В Direct Costs P150 P300 P5,000 P6,000 Services performed by Dept. A Services performed by Dept. B 40% 40% 20% 20% 70% 10% 1) If the company is using the direct method to allocate service department costs, the service department cost allocated to Department Y is: 2) Using the information in number 1, what is the total cost for Department X? 3) If the company is using the step-down to allocate service department costs and Department A costs are allocated first, the service department cost allocated to Department Y is? 4) Using the information in number 3, the total cost for Department X is? 5) If the reciprocal method is used, the service department cos allocated to department Y is?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: From S1 52 52 P1 20% 30% ? The direct operating costs of the departments (including both variable and fixed costs) are: S1 S1 S2 P1 P2 - 20% $ 200,000 73,000 60,000 170,000 To 2. Step method. 3. Reciprocal method. Required: Determine the total cost (including direct operating costs) of P1 and P2 using the: 1. Direct method. Required 1 Required 2 P2 Production department 1 Production department 2 ?% Answer is not complete. Complete this question by entering your answers in the tabs below. 40 $ $ Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.) Total Cost Allocated Required 3 180,000 X 184,600 xII. AJA Company has two service departments (A and B) and two producing departments (X and Y). Data provided are as follows: Service Departments B P300 Operating Departments A Y Direct Costs P150 P5,000 P6,000 Services performed by Dept. A Services performed by Dept. B 40% 40% 20% 20% 70% 10% 1) If the company is using the direct method to allocate service department costs, the service department cost allocated to Department Y is: 2) Using the information in number 1, what is the total cost for Department X? 3) If the company is using the step-down to allocate service department costs and Department A costs are allocated first, the service department cost allocated to Department Y is? 4) Using the information in number 3, the total cost for Department X is? 5) If the reciprocal method is used, the service department cos allocated to department Y is?
- Dolphin Company has two service departments, S1 and S2 and three production departments, P1, P2 and P3. The following data relate to Dolphin Company's allocation of service department costs: Number of Employees S1 S2 IP1 P2 P3 O $13,333 The allocation of costs from S2 to S1 would be: O $4,800 Cost O $0 80,000 40,000 100,000 800,000 1,200,000 O $10,000 S1 allocates its costs on the basis of number of employees. S2 allocates its costs on the basis of kilowatt hours. The order of allocation for Dolphin Company is S1 first and S2 second. Dolphin Company uses the direct method to allocate its service department costs. Problem 3-4 2 3 3 6 6 Kilowatt Hours 600 400 500 1,000 2,500[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 Cost S1 S2 P1 P2 Service 1 (S1) $ 40,000 0 % 25 % 30 % 45 % Service 2 (S2) 31,000 20 0 20 60 Production 1 (P1) 210,000 Production 2 (P2) 260,000 What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1 and P2 using the step method with S1 going first?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
- Service Cost Allocation Harley Corp. has two service departments, (Admin Support Dept. & It Support Dept.) and two producing departments (AgencyLine and BancAssure). Provided below are the relevant data: Service Departments Operating Departments Admin IT Services AgencyLine BancAssure Direct Costs P150,000 P300,000 P5,000,000 P6,000,000 Services by Admin Support 40% 40% 20% Services by IT Support 20% 70% 10% Requirements Prepare a complete service cost allocation report with details using the following method: Reciprocal MethodService Cost Allocation Harley Corp. has two service departments, (Admin Support Dept. & It Support Dept.) and two producing departments (AgencyLine and BancAssure). Provided below are the relevant data: Service Departments Operating Departments Admin IT Services AgencyLine BancAssure Direct Costs P150,000 P300,000 P5,000,000 P6,000,000 Services by Admin Support 40% 40% 20% Services by IT Support 20% 70% 10% Requirements Prepare a complete service cost allocation report with details using the following method: Step-Down Method (Admin Support Costs are allocated first)The following data relate to Department no. 3 of Tsing Corporation: Segment contribution margin 540,000 Profit margin controllable by segment manager 310000 Segment profit margin 150000 On the basis of this information, Department no. 3's variable operating expenses are: Select one: a. $80,000. b. $160,000. c. $230,000. d. $390,000. e. not determinable.
- Service Cost Allocation Harley Corp. has two service departments, (Admin Support Dept. & It Support Dept.) and two producing departments (AgencyLine and BancAssure). Provided below are the relevant data: Service Departments Operating Departments Admin Agency Line BancAssure Direct Costs P150,000 P300,000 P5,000,000 P6,000,000 Services by Admin Support 40% 40% 20% Services by IT Support 20% 70% 10% Requirements Prepare a 3 different complete service cost allocation report with details using the following methods: 1. Direct Method IT ServicesUse the following information to answer questions 2 through 6: M2). The following information is available. A company has two service departments (S1 and 52) and two manufacturing divisions (M1 and Percent Allocable to $2 20% Costs Incurred Department $1 $200,000 500,000 d. 62.5% $2 50% 2. Using the direct method, what proportion of S1's costs will be allocated to M2! a 20% b. 37.5% C. $295,400 d. $302,500 3. Using the direct method, how much of the service department costs will be allocated to M1? a. $195,250 b. $205,750 c. $308,750 d. $326,450 4. Using the step method, how much of the service department costs will be allocated to M1? a. $243,000 b. $265.700 a. S1-$290,000+ 0.5 × $2 b. S1-$290,000+ 0.2 × S2 c. S1-$290,000+ 0.3 × $2 715473_1&course_id=_31557 M1 M2 expressed? Using the reciprocal method, how should the total service department costs of S1 be E d. S1 - $500,000+ 0.5 × $2 Matching.docx 6. Using the reciprocal method, how much of the service department costs will be…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 depart- ment's efforts (in percentages) to the other departments is: To From S1 S2 P1 P2 S1 10% 20% ?% S2 10% 30 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $180,000 S2 60,000 P1 50,000 P2 120,000 Required 1. 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.