The following data is available for September 2017:
DIRECT ALLOCATION DATA
STEP-DOWN ALLOCATION DATA
REQUIREMENTS
Homework Answers
Answer 1: The reciprocal method, unlike the direct or step allocation methods, uses simultaneous equations to allocate the costs incurred by service departments to other departments. All allocations are made between the service and production departments. Thus, mutual services provided by all departments are considered. This method results in the most accurate distribution of the service department costs due to the recognition of mutual services. However, this method is rarely used because the calculations are very complete and take comparatively a lot of time. The direct and step allocation are less accurate methods available that require much fewer calculations and are generally preferred.
For the rest of the answers please create separate questions for each question.
Add Answer to:
The following data is available for September
2017:
DIRECT ALLOCATION DATA
STEP-DOWN ALLOCATION DATA
REQUIREMENTS
O-books,...
Vision Books an online book rear has two operating departments corporate sales and consumer sales and...
Vision Books an online book rear has two operating departments corporate sales and consumer sales and two support departments human resources and information systems. Each salos department conducts merchandising and marketing operations independently Vision Books uses number of employees to allocate human resources costs and processing time to a locatie information systems costs. The following data are available for September 2017 Click the icon to view the data) Read the requirements Requirement 1. Alocate the support department costs to the...
Question Help Tech Books, an online book retailer, has two operating departments corporate sales and consumer sal...
Question Help Tech Books, an online book retailer, has two operating departments corporate sales and consumer sales and to support departments human resources and conducts merchandising and marketing operations independently. Tech Books uses number of employees to locate human resources cours and processing to c data are available for September 2017 Click the icon to view the data) on Ech t o n nect the Read the Requirement 1. Allocate the support department costs to the operating departments using the...
And information systems (Click the icon to view the stap down allocation data) Human Information ...
and information systems (Click the icon to view the stap down allocation data) Human Information Corporate Consumer Alocation of Into System cot This Sime, use repeated terations (Rnd proportions to five decimal places, 2X0000, and your inal cost allocations Support work supplied by human resources department Info HR Budgeted number ofl employees Support work supplied by inlormation sntems department 21
and information systems (Click the icon to view the stap down allocation data) Human Information Corporate Consumer Alocation of Into...
d to r corpo de Bosco e Boston Partners provides an department S following Click the...
d to r corpo de Bosco e Boston Partners provides an department S following Click the icon to view the cost records DVT) and corporate con CORP) For the first of 2017. Boccordance the Read the regirements Budged overhead costs before department cost o s $ 300 000 200 000 $ 700.000 12.000.000 52180.000 Action AS Alocation of 70 000 $ 8.390 000 $13.510.000 $2 To bugeted v ead of operating 80.000 Requirement t o the part department cos to...
Solve the allocation question with three methods. 1. direct method, 2. step down method. 3. reciprocal...
Solve the allocation question with three methods. 1.
direct method, 2. step down method. 3. reciprocal method.
Support Departments Plant Information Maintenance Systems Operating Departments Machining Assembly Total $600,000 $116,000 $400,000 $200,000 $1,316,000 Budgeted manufacturing overhead costs before any interdepartment cost allocations Support work furnished: By Plant Maintenance Budgeted labor-hours Percentage By Information Systems Budgeted computer-hours Percentage 1,600 20% 2,400 30% 4,000 50% 8,000 100% 200 10% 1,600 80X 200 10% 2,000 100%
15-34 Support-department cost allocations; single-department cost pools; direct, step-down, and r...
15-34 Support-department cost allocations; single-department cost pools; direct, step-down, and reciprocal methods. Sportz, Inc., manufactures athletic shoes and athletic clothing for both amateur and professional athletes. The company has two product lines (clothing and shoes), which are produced in separate manufacturing facilities; however, both manufacturing facilities share the same support services for information technology and human resources. The following shows total costs for each manufacturing facility and for each support department. Information technology (IT) Human resources (HR) Clothing Shoes Total...
74 7 method (2) the step method maintenance Denartmental Cost Allocation Data Performance per of has...
74 7 method (2) the step method maintenance Denartmental Cost Allocation Data Performance per of has three major functional areas: computer programming informatie software training. Carol Bingham, a pricing analyst in the accou asked to develop total costs for the functional areas. These costs will be ing a new contract. In computing these costs, Carol is considering three departmental allocation approach to allocate overhead costs: the direct and the reciprocal method. She assembled the following data from the information systems...
cost allocation
Vines Company is a manufacturer of women’s and men’s swimsuits. The company uses a dual-ratesystem to allocate support costs. Last year’s support departments’ fixed and variable costs are asfollows:AccountingHumanResources Janitorial TotalVariable costs $18,420 $22,104 $60,360 $100,884Fixed costs $55,260 $100,696 $60,360 $216,316Total cost $73,680 $122,800 $120,720 $317,200Allocation base amounts for all the departments are as follows:AccountingHumanResources Janitorial Women’s Men’s TotalEmployees 2 2 4 10 6 24Time spent for accounting 15% 10% 20% 30% 25% 100%Time spent cleaning 5% 10% 15% 30%...
The following information is for Secrest Manufacturing Company: Budgeted manufacturing overhead be- fore allocation of support...
The following information is for Secrest Manufacturing Company: Budgeted manufacturing overhead be- fore allocation of support dept. costs Proportions of service provided by T Proportions of service provided by V Support Operating Departments... Departments 1 2 $60,000 $80,000 $30,000 $25,000 - 30% 50% 20% 10% - 60% 30% Complete the schedule below using the direct method to allocate the costs of the support departments to Departments 1 and 2. I V I 2 Total Budgeted manufacturing overhead be- fore allocation...
Direct method of support department cost allocation: bank aewide Bank has two support departments: the Human...
Direct method of support department cost allocation: bank aewide Bank has two support departments: the Human Resources Department and the Computing Department. The bank also has two departments that service customers directly: the (LOO] Computing Deposits Department and the Loans Department. The usage of the two support departments output in the year just ended was as follows: Provider of service Computing 20% Human Resources User of service Human Resources Computing Deposits Loans 2096 50% 30% 60% 20% The budgeted costs...
Vision Books an online book rear has two operating departments corporate sales and consumer sales and two support departments human resources and information systems. Each salos department conducts merchandising and marketing operations independently Vision Books uses number of employees to allocate human resources costs and processing time to a locatie information systems costs. The following data are available for September 2017 Click the icon to view the data) Read the requirements Requirement 1. Alocate the support department costs to the...
Question Help Tech Books, an online book retailer, has two operating departments corporate sales and consumer sales and to support departments human resources and conducts merchandising and marketing operations independently. Tech Books uses number of employees to locate human resources cours and processing to c data are available for September 2017 Click the icon to view the data) on Ech t o n nect the Read the Requirement 1. Allocate the support department costs to the operating departments using the...
and information systems (Click the icon to view the stap down allocation data) Human Information Corporate Consumer Alocation of Into System cot This Sime, use repeated terations (Rnd proportions to five decimal places, 2X0000, and your inal cost allocations Support work supplied by human resources department Info HR Budgeted number ofl employees Support work supplied by inlormation sntems department 21
and information systems (Click the icon to view the stap down allocation data) Human Information Corporate Consumer Alocation of Into...
d to r corpo de Bosco e Boston Partners provides an department S following Click the icon to view the cost records DVT) and corporate con CORP) For the first of 2017. Boccordance the Read the regirements Budged overhead costs before department cost o s $ 300 000 200 000 $ 700.000 12.000.000 52180.000 Action AS Alocation of 70 000 $ 8.390 000 $13.510.000 $2 To bugeted v ead of operating 80.000 Requirement t o the part department cos to...
Solve the allocation question with three methods. 1.
direct method, 2. step down method. 3. reciprocal method.
Support Departments Plant Information Maintenance Systems Operating Departments Machining Assembly Total $600,000 $116,000 $400,000 $200,000 $1,316,000 Budgeted manufacturing overhead costs before any interdepartment cost allocations Support work furnished: By Plant Maintenance Budgeted labor-hours Percentage By Information Systems Budgeted computer-hours Percentage 1,600 20% 2,400 30% 4,000 50% 8,000 100% 200 10% 1,600 80X 200 10% 2,000 100%
15-34 Support-department cost allocations; single-department cost pools; direct, step-down, and reciprocal methods. Sportz, Inc., manufactures athletic shoes and athletic clothing for both amateur and professional athletes. The company has two product lines (clothing and shoes), which are produced in separate manufacturing facilities; however, both manufacturing facilities share the same support services for information technology and human resources. The following shows total costs for each manufacturing facility and for each support department. Information technology (IT) Human resources (HR) Clothing Shoes Total...
74 7 method (2) the step method maintenance Denartmental Cost Allocation Data Performance per of has three major functional areas: computer programming informatie software training. Carol Bingham, a pricing analyst in the accou asked to develop total costs for the functional areas. These costs will be ing a new contract. In computing these costs, Carol is considering three departmental allocation approach to allocate overhead costs: the direct and the reciprocal method. She assembled the following data from the information systems...
The following information is for Secrest Manufacturing Company: Budgeted manufacturing overhead be- fore allocation of support dept. costs Proportions of service provided by T Proportions of service provided by V Support Operating Departments... Departments 1 2 $60,000 $80,000 $30,000 $25,000 - 30% 50% 20% 10% - 60% 30% Complete the schedule below using the direct method to allocate the costs of the support departments to Departments 1 and 2. I V I 2 Total Budgeted manufacturing overhead be- fore allocation...
Direct method of support department cost allocation: bank aewide Bank has two support departments: the Human Resources Department and the Computing Department. The bank also has two departments that service customers directly: the (LOO] Computing Deposits Department and the Loans Department. The usage of the two support departments output in the year just ended was as follows: Provider of service Computing 20% Human Resources User of service Human Resources Computing Deposits Loans 2096 50% 30% 60% 20% The budgeted costs...
Most questions answered within 3 hours.
-
Do not neglect the old for the new. The existing business must
not lose priority simply...
asked 57 minutes ago -
Kylie is a single mom with two dependent children,
Tanner, age 7 and Olivia, age 11....
asked 2 hours ago -
Phosphorous + bromine = phosphorous tribromide. If 35.0 g of
bromine are reacted and 27.9 grams...
asked 3 hours ago -
Derive the long wavelength limit of the Planck energy density
distribution
asked 3 hours ago -
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 7 hours ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 7 hours ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 7 hours ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 7 hours ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 7 hours ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 7 hours ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 7 hours ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 7 hours ago