Homework Answers
Computation of allocation rates for total overhead cost
Cost ÷ Base Computation Allocation Rate
7,20,00/24,000 = 30
7,20,000/16,000 = 45
The amount of overhead cost allocated to the department
Department Allocation Rate ÷ Weight of base = Allocated
Cost
I 20,000/30 = 666.67
II 4,000/45 = 88.88
Total 755.55
Department Allocation Rate ÷ Weight of base = Allocated
Cost
I 2,000/30 = 166.67
II 14,000/45 = 311.11
Total 477.78
Cost ÷ Base Computation Allocation Rate
Utilities 720,000/420,000 =1.71
Fringe benefits 720,000/300,000 =2.4
Allocations for the respective departments:
Cost Allocation Rate X Weight of base = Department I Department
II
Fringe benefits
Fringe benefits
Utility
Utility
Total
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Required a. Assume that you are the supervisor of Department I. Choose the allocation base that...
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Finch Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company's manufacturing facility incurs two significant overhead costs: employee fringe...
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Campbell Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company’s manufacturing facility incurs two significant overhead costs: employee fringe...
Chapter 4 Assignment i Runde Manufacturing Company uses two departments to make its products Department is...
Chapter 4 Assignment i Runde Manufacturing Company uses two departments to make its products Department is a cutting department that is machine intensve and uses very few employees Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department where they are assembled into finished goods The assembly department islabor intensive and requires many workers to assemble parts into finished goods The company's manufacturing facility incurs two significant overhead costs employee...
Nuste Peay State t.himl elect then t and drag to the Favorites Bar folder. Or import...
Nuste Peay State t.himl elect then t and drag to the Favorites Bar folder. Or import from another browser. Import favorites Help Save & 4Homework workers to assemble parts into tinished goods. The company's manufacturing facility incurs two significant overhead costs employee fringe benefits and utlity costs. The annual costs of finge benefits are $308,000 and utility costs are $236,000. The typical consumption patterns for the two departments are as follows 5,480 9,600 28,000 Machine hours used Direct labor hours...
Campbell Manufacturing Company uses two departments to make its products. Department I is a cutting department...
Campbell Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company’s manufacturing facility incurs two significant overhead costs: employee fringe...
The Sendal Co., Ltd., of Japan has budgeted costs in its various departments as follows for...
The Sendal Co., Ltd., of Japan has budgeted costs in its various departments as follows for the coming year, Factory Administration Custodial Services Personnel Maintenance Machining-overhead Assembly-overhead Total cost $1,614,315 143,440 46,502 129,983 1,313,880 232,480 $2,880,680 The company allocates service department costs to other departments in the order listed below. Department Factory Administration Custodial Services Personnel Maintenance Machining Assembly Square Total Feet of Direct Number of Labor Space Labor- Machine- Employees Hours Occupied Hours Hours 25 9,600 15,400 3,500 12,400...
Company has prepared department overhead budgets for budgeted-volume levels before allocations as...
Company has prepared department overhead budgets for
budgeted-volume levels before allocations as follows:
Management has decided that the most appropriate inventory costs
are achieved by using individual department overhead rates. These
rates are developed after support-department costs are allocated to
operating departments. Bases for allocation are to be selected from
the following:
Support departments:
Building and grounds
$56,000
Personnel
1,140
General plant administration
14,040
Cafeteria: Operating loss
300
Storeroom
6,244
$77,724
Operating departments:
Machining
$34,000
Assembly
49,000
83,000
Total for...
The Sendai Co., Ltd., of Japan has budgeted costs in its various departments as follows for...
The Sendai Co., Ltd., of Japan has budgeted costs in its various departments as follows for the coming year: Factory Administration Custodial Services 480,760 116,260 45,602 Personnel Maintenance 141,258 Machining-overhead Assembly-overhead Total cost 874,528 1,181,192 $2,839,600 The company allocates service department costs to other departments in the order listed below. Square Feet of Total Labor- Direct Number of Labor- Machine- Space Employees Hours Occupied Hours Department Factory Administration Custodial Services Hours 8,600 3,600 8,600 16,000 60,000 112,000 180,00 20,000 227,000...
Clement Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company's manufacturing facility incurs two significant overhead costs: employee fringe...
Check my work Jordan Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company's manufacturing facility incurs two significant overhead...
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Chapter 4 Assignment i Runde Manufacturing Company uses two departments to make its products Department is a cutting department that is machine intensve and uses very few employees Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department where they are assembled into finished goods The assembly department islabor intensive and requires many workers to assemble parts into finished goods The company's manufacturing facility incurs two significant overhead costs employee...
Nuste Peay State t.himl elect then t and drag to the Favorites Bar folder. Or import from another browser. Import favorites Help Save & 4Homework workers to assemble parts into tinished goods. The company's manufacturing facility incurs two significant overhead costs employee fringe benefits and utlity costs. The annual costs of finge benefits are $308,000 and utility costs are $236,000. The typical consumption patterns for the two departments are as follows 5,480 9,600 28,000 Machine hours used Direct labor hours...
The Sendal Co., Ltd., of Japan has budgeted costs in its various departments as follows for the coming year, Factory Administration Custodial Services Personnel Maintenance Machining-overhead Assembly-overhead Total cost $1,614,315 143,440 46,502 129,983 1,313,880 232,480 $2,880,680 The company allocates service department costs to other departments in the order listed below. Department Factory Administration Custodial Services Personnel Maintenance Machining Assembly Square Total Feet of Direct Number of Labor Space Labor- Machine- Employees Hours Occupied Hours Hours 25 9,600 15,400 3,500 12,400...
Company has prepared department overhead budgets for
budgeted-volume levels before allocations as follows:
Management has decided that the most appropriate inventory costs
are achieved by using individual department overhead rates. These
rates are developed after support-department costs are allocated to
operating departments. Bases for allocation are to be selected from
the following:
Support departments:
Building and grounds
$56,000
Personnel
1,140
General plant administration
14,040
Cafeteria: Operating loss
300
Storeroom
6,244
$77,724
Operating departments:
Machining
$34,000
Assembly
49,000
83,000
Total for...
The Sendai Co., Ltd., of Japan has budgeted costs in its various departments as follows for the coming year: Factory Administration Custodial Services 480,760 116,260 45,602 Personnel Maintenance 141,258 Machining-overhead Assembly-overhead Total cost 874,528 1,181,192 $2,839,600 The company allocates service department costs to other departments in the order listed below. Square Feet of Total Labor- Direct Number of Labor- Machine- Space Employees Hours Occupied Hours Department Factory Administration Custodial Services Hours 8,600 3,600 8,600 16,000 60,000 112,000 180,00 20,000 227,000...
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