Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution ofeach service department's efforts (in percentages) to the other departments is:FromS1S2S1S2S1P1P2-10%S210%-ToP120%?The direct operating costs of the departments (including both variable and fixed costs) are:$ 180,00060,00050,000120,000P2Required 1 Required 2?%Production department 1Production department 230Required: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.Complete this question by entering your answers in the tabs below.Required 3Determine the total cost of P1 and P2 using the step method. (Do not round intermediate calculations.)Total CostAllocated

According to each department's portion of the allocation basis, the direct method divides the…

Answered: Robinson Products Company has two…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

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 S2 S1 S1 S2 P1 P2 10% To S2 10% Required 1 P1 20% ? The direct operating costs of the departments (including both variable and fixed costs) are: $ 180,000 69,000 56,000 150,000 P2 Required 2 7% 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. Production department 1 Production department 2 30 Complete this question by entering your answers in the tabs below. Required 3 Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.) Total Cost Allocated Required 1 Required 2 >
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 To S1 S2 P1 P2 S1 — 20 % 30 % ? % S2 20 % — ? 40 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $ 220,000 S2 74,000 P1 61,000 P2 175,000 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.
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 To S1 S2 P1 P2 S1 — 20 % 30 % ? % S2 20 % — ? 40 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $ 255,000 S2 85,000 P1 66,000 P2 200,000 Required: 3. Determine the total cost of P1 and P2 using the reciprocal method.
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 To S1 S2 P1 P2 S1 — 20 % 30 % ? % S2 20 % — ? 40 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $ 255,000 S2 85,000 P1 66,000 P2 200,000 3. Determine the total cost of P1 and P2 using the reciprocal method.
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 To S1 S2 P1 P2 S1 — 20 % 30 % ? % S2 20 % — ? 40 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $ 255,000 S2 85,000 P1 66,000 P2 200,000 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.
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 To S1 S2 P1 P2 S1 — 20% 30% ?% S2 20% — ? 40 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $ 255,000 S2 85,000 P1 69,000 P2 215,000 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. QUESTION 2. Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $185,000: Product Units Produced and Sold After Split-Off Total Separable Costs Total Final Sales Value M 16,500 $ 14,300 $ 225,000 N 10,500 15,800 205,000 T 11,500 7,900 38,000 Required:…
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: Fron s1 52 The direct operating costs of the departments (including both variable and fixed costs) are: s1 20% s1 52 PL P2 To $ 170,000 68,000 54,000 140,000 52 P1 20% 30% 2 P2 2% Production department 1 Production department 2 40 Required: 1. Determine the total cost of P1 and P2 using the direct metholt. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.) Total Cost Allocated
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 S2 S1 S1 S2 P1 P2 20% S2 20% $ 255,000 85,000 69,000 215,000 To P1 30% ? The direct operating costs of the departments (including both variable and fixed costs) are: P2 Required 1 Required 2 ? % Production department 1 Production department 2 40 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. Complete this question by entering your answers in the tabs below. Required 3 Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.) Total Cost Allocated
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 x
Alpha Company has three support departments whose direct department costs are P20,000, P30,000, and P40,000, respectively, and two producing departments whose direct department costs are P400,000 and P360,000, respectively. The combined total department cost for the producing departments after allocation of the support departments is?
ed 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 $1 S1 S2 P1 P2 20% $2 20% $ 220,000 74,000 61,000 175,000 To P1 30% ? The direct operating costs of the departments (including both variable and fixed costs) are: Required 1 Required 2 P2 Production department 1 Production department 2 ?% 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. 40 Complete this question by entering your answers in the tabs below. $ $ Determine the total cost of P1 and P2 using the reciprocal method. (Do not round intermediate calculations. Round your final answers to whole dollars.) Required 3 Total Cost Allocated 183,548 346,458 < Required 2
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 51 52 $1 $2 51 20% P1 P2 To $2 P1 20% $ 175,000. 65,000 52,000 130,000 30% 7 The direct operating costs of the departments (including both variable and fixed costs) are: P2 7% 40 Production department 1 Production department 2 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.) Total Cost Allocated ………………………

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS