[The following information applies to the questions displayed below.] Use the following information: P1 P2 Department Service 1 (S1) Service 2 (52) Production 1 (P1) Production 2 (P2) Total Cost $115,000 47,000 375,000 246,000 $783,000 Percentage Service Provided to S1 0% 20 52 P1 P2 25% 30% 45% 0 20 60 What percentage of S1's costs is allocated to P1 and to P2 under the direct method? Service Department 1's Costs
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![Required Information
[The following information applies to the questions displayed below.]
Use the following information:
P1
P2
Department
Cost
Service 1 (51) $115,000
Service 2 (52)
47,000
Production 1
375,000
(P1)
Production 2
(P2)
Total
246,000
$783,000
Percentage Service
Provided to
S1
0%
S2 P1 P2
25% 30% 45%
20 60
20 0
What percentage of S1's costs is allocated to P1 and to P2 under the direct method?
Service
Department
1's Costs](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F92f9c27e-8a65-473f-9e90-e5d207bdfdd1%2Fcf27fcea-6ad3-423a-a6da-3300c6eaa44a%2Fp5um6n9_processed.png&w=3840&q=75)
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- Use the following information: Department Cost Percentage Service Provided to S1 S2 P1 P2 Service 1 (S1) $ 118,000 0% 45% 35% 20% Service 2 (S2) 50,000 20 0 20 60 Production 1 (P1) 405,000 Production 2 (P2) 276,000 Total $ 849,000 a. What percentage of S1’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) b. What percentage of S2’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) Question 2. The following information relates to a joint production process for three products, with a total joint production cost of $175,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off Units at Split-Off 1 $ 227,500 680 2 87,500 1,020 3 35,000 1,700 $ 350,000 3,400 a. What percentage of joint cost is allocated to each of the three products using the…FNHPCF714 Corporation's info is below: Sales $553,00 VC $110,600 (ID#322058) FC $19,890 NOI $422,510 8:43 Q) How much is FNHPCF714's Contribution Margin? A.)24ABFHRL437 Corporation’s info is bel ow: Sales $509,000 VC $101,800 FC $22,730 NOI $384,470 Q. How much is ABFHRL437’s Contribution Margin? A. $
- SCRUMPTIOUS CUPCAKESProfit and loss accountfor the year ended 30 April 20202020£SalesSales 220,000Cost of sales 120,000Gross Profit 100,000ExpensesSalaries 24,000Other Fixed cost 4,800Distribution 3,000Advertising 4,500Rent 13,200AHUtilities 3,600Other Cost 4,00057,100Operating Profit 42,900 SCRUMPTIOUS CUPCAKESBalance Sheetas at 30 April 20202020£Fixed assetsIntangible assets -Tangible assets 35,000Investments -35,000Current assetsStocks 3,000Debtors 10,000Cash at bank and in hand 6,30019,300Written ReportsCreditors: amounts falling duewithin one year (11,300)Net Current Assets 8,000Total assets less currentliabilities 43,000Net Assets 43,000Capital and reservesCalled up share capital 100Profit and loss account 42,900Shareholders' funds 43,000 please calculate the folliwing ratios: Profitability Ratios – Gross Profit Margin, Net Profit Margin and ROCE● Liquidity – Current Test and Acid Test● Gearing● Activity/Performance – Stock Turnover, Debtors’ Collection Period and AssetTurnover…Q36 Goods of the Invoice value R240 000 sent out to consignee at 20% profit on cost. If all goods were sold, what would be the gross amount? Select one: a. R48 000 b. R50 000 c. R40 000 d. R33 333question O C. Work in Progress Finished Product 48 Given the following data; TOTAL SALES OMR 250000 CASH SALES OMR 125000 SALES RETURN OMR 5000 OPENING SUNDRY DEBTORS OMR 20000 CLOSING SUNDRY DEBTORS OMR 10000 What will be the average debtors? ut of O a. OMR 15000 uestion O b. OMR 7500 O c. OMR 30000 O d. OMR 10000 pe here to search Pa lenovo
- Required information The Foundational 15 (Algo) [LO10-1, LO10-2] [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income. $ 1,200,000 320,000 880,000 640,000 $ 240,000 Average operating assets $ 600,000 At the beginning of this year, the company has a $150,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 240,000 50 % of sales $ 84,000 The company's minimum required rate of return is 15%. Foundational 10-9 (Algo) 9. If the company pursues the investment opportunity and otherwise performs the same as last year, what ROI will it earn this year? (Do not round intermediate calculations. Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) ROI %1) Company "Y" has two service departments, DA and DB, and two production departments, Pl and P2. Services provided to: DA DB Departments Coats P1 P2 $60,000 50 20% 25 Required: Allocate reciprocated Costs of DA and DB to departments. A DA ($17,010; $39.691: $56.701) and DB ($13,402: 36,855.5: $16.752.5) B. DA ($16,082; $37.525; $53,606) DB ($15,216: 41,845: $19,020) C. DA ($16,500; $35,000; $50,000) DB ($10,000 $27,500 $12,500) D. None of them 35 55II. WHAT'S MORE Independent Activity 1 (Show your complete solution) 1.Complete the table below. TOTAL SALES P125, 000 b. P 185, 000 d. P1, 450,000 COMMISSION RATE 4.50% 6.80% C. 3.25% 5.35% AMOUNT OF COMMISSION a. P3,750 P14, 500 P21, 380 e.
- > Quint... M 6 D J 3 E5-18 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] bok int 7 rint 0 erences ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A %252F%252Flms.mheducation.com%252Fmgh M 6 M Search results - yaz... M Question Mode: M... C 11 Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Unit contribution margin Contribution margin ratio 400 Scenario 1 Raises Sales Price to $470 per Canoe $ 54,000 60,000 $ 114,000 $135.00 150.00 $285.00 600 $ 81,000 60,000 $ 141,000 % Contribution Margin Income Statement $ 135.00 100.00 $ 235.00 Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Riverside sells its canoes for $370 each. Next year Riverside expects…Help Save & Exit Submit Martinez Corporation reported net sales of $769,000, net income of $138,000, and total assets of $7,674,336. The profit margin is: Multiple Choice 557.0%. 5.57%. 82.05%. 6:35 PM 3/28/2022 Insert Prt Sc F12 Del F8 F9 F10 F7 ocke 1 of 16)- Google Chrome om/mod/quiz/attempt.php?attempt3D1893419&cmid%3891193 NG SYSTEM (ACADEMIC) erial Accounting - Spring21 %3 Time left 1:58:1 Company XYZ has three products A, B and C. The sales mix for products A, B and C are 7,5 and 4 units respectively. The contribution margin per unit for products A, B and C are $900, $600 and $400 respectively. Assuming that the fixed costs were $2,272,000. What is the breakeven point in units (in total)? (rounded to the nearest number) O a. None of the given answers O b. 1,641 O c. 6,745 O d. 3,335 O e. 800 The contribution margin ratio is 50%. If total fixed costs are $21.000, then what is the total cost ($) of producing and