FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Supervision expenses
Department
Materials
Personnel
Manufacturing
Packaging
Totals
Utilities
Department
Materials
Personnel
Manufacturing
Packaging
Totals
Insurance
Department
Materials
Personnel
Manufacturing
Packaging
Totals
Allocation Base
Allocation Base
Allocation Base
Percent of Allocation Base
Numerator Denominator % of Total
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Transcribed Image Text:Supervision expenses Department Materials Personnel Manufacturing Packaging Totals Utilities Department Materials Personnel Manufacturing Packaging Totals Insurance Department Materials Personnel Manufacturing Packaging Totals Allocation Base Allocation Base Allocation Base Percent of Allocation Base Numerator Denominator % of Total 0 0 OL 0 0 Percent of Allocation Base Numerator Denominator % of Total Prev 0 Cost to be Allocated Allocated Cost 0 0 0 0 Percent of Allocation Base Numerator Denominator % of Total 0 Cost to be Allocated Allocated Cost 0 0 0 0 0 1 of 3 । ‒‒‒ ‒‒‒ 0 0 Cost to be Allocated Allocated Cost Next > ********* C 0 P 0 0 0
Woh Che Co. has four departments: Materials, Personnel, Manufacturing, and Packaging. In a recent month, the four departments
incurred three shared indirect expenses. The amounts of these indirect expenses and the bases used to allocate them follow.
Indirect Expense
Supervision
Utilities
Insurance
Total
Cost
$ 83,100 Number of employees
56,000 square feet occupied
25,500 Value of assets in use
$164,600
Allocation Base
Departmental data for the company's recent reporting period follow.
Department
Materials
Square Feet
Asset Values
32,000
$13,200
16,000
1,980
88,000
34,980
Personnel
Manufacturing
Packaging
Total
24,000
15,840
160,000
$66,000
Employees
34
17
68
51
170
1. Use this information to allocate each of the three indirect expenses across the four departments.
2. Prepare a summary table that reports the indirect expenses assigned to each of the four departments.
Complete this question by entering your answers in the tabs below.
OL
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Transcribed Image Text:Woh Che Co. has four departments: Materials, Personnel, Manufacturing, and Packaging. In a recent month, the four departments incurred three shared indirect expenses. The amounts of these indirect expenses and the bases used to allocate them follow. Indirect Expense Supervision Utilities Insurance Total Cost $ 83,100 Number of employees 56,000 square feet occupied 25,500 Value of assets in use $164,600 Allocation Base Departmental data for the company's recent reporting period follow. Department Materials Square Feet Asset Values 32,000 $13,200 16,000 1,980 88,000 34,980 Personnel Manufacturing Packaging Total 24,000 15,840 160,000 $66,000 Employees 34 17 68 51 170 1. Use this information to allocate each of the three indirect expenses across the four departments. 2. Prepare a summary table that reports the indirect expenses assigned to each of the four departments. Complete this question by entering your answers in the tabs below. OL Prev 1 of 3 - --- ‒‒‒ H Next > O
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