Homework Answers
Answer:
| Service department cost = Direct cost + Allocated costs |
| Engineering = $38,000 + 20% of administration |
| Administration = $246,500 + 40% of engineering + 20% of maintenance |
| Maintenance = $40,000 + 25% of administration |
| Administration = $246,500 + 40% ($38,000 + 20% of administration) + 20% ($40,000 + 25% of administration |
| Administration = $246,500 + $15200 + 0.08 Administration + $8,000 + 0.05 Administration |
| Administration = $269,700 / 0.87 = $310,000 |
| Engineering = $38,000 + 20% of $310,000 = $100,000 |
| Maintenance = $40,000 + 25% of $310,000 = $117,500 |
| Allocated to: | |||
| Costs | Fabrication | Assembly | |
| Amount($) | Amount($) | Amount($) | |
| Engineering | 1,00,000 | 15,000 | 45,000 |
| Administration | 3,10,000 | 1,39,500 | 31,000 |
| Maintenance | 1,17,500 | 35,250 | 58,750 |
| Total | 1,89,750 | 1,34,750 | |
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Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded. 1.15 points Engineering Supplying Department Engineering Administration Maintenance Direct cost Using Department Administration Maintenance Fabrication 40% 0 15% 25% 45% 30% 15% $248,550 $ 45,000 $230,000 Skipped 208 Assembly 45% 10% 55% $80,000 $ 42,000 eBook References Required: Allocate the service department costs to the two operating departments using the reciprocal...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded. 0.76 points Engineering Fabrication 15% Supplying Department Engineering Administration Maintenance Direct cost 20% Using Department Administration Maintenance 40% 25% 20% $ 222,800 $40,000 45% 30% $ 205,000 45% 10% 50% $50,000 $32,000 eBook Required: Allocate the service department costs to the two operating departments using the reciprocal method. (Do not round...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering,...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded. Engineering Assembly 20% Supplying Department Engineering Administration Maintenance Direct cost 15% Using Department Administration Maintenance 60% 10% 30% $274,500 $45,000 Fabrication 20% 50% 15% $245,000 25% $48,000 55% $80,000 Required: Allocate the service department costs to the two operating departments using the reciprocal method. (Do not round intermediate calculations.) Allocated to:...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and...
Midland Resources has two production departments (Fabrication
and Assembly) and three service departments (Engineering,
Administration, and Maintenance). During July, the following costs
and service department usage ratios were recorded:
Supplying Department
Using Department
Engineering
Administration
Maintenance
Fabrication
Assembly
Engineering
0
60
%
0
20
%
20
%
Administration
15
%
0
10
%
50
%
25
%
Maintenance
0
20
%
0
20
%
60
%
Direct cost
$
58,000
$
329,000
$
50,000
$
270,000
$
90,000
Required:
Allocate...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded: Supplying Department Using Department Engineering Administration Maintenance Fabrication Assembly Engineering 0 60 % 0 20 % 20 % Administration 15 % 0 10 % 50 % 25 % Maintenance 0 30 % 0 15 % 55 % Direct cost $ 54,000 $ 304,600 $ 50,000 $ 260,000 $ 90,000 Required:...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded: Supplying Department Using Department Engineering Administration Maintenance Fabrication Assembly Engineering 0 60 % 0 20 % 20 % Administration 15 % 0 10 % 50 % 25 % Maintenance 0 20 % 0 30 % 50 % Direct cost $ 50,000 $ 290,300 $ 45,000 $ 250,000 $ 90,000 Supplying Department...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineer...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded. Engineering Supplying Department Engineering Administration Maintenance Direct cost Using Department Administration Maintenance 60% Fabrication 20% 15% Assembly 20% 25% lex Sex 2ex 20% $ 298,000 $52,000 60% $45,000 $255,000 $90,000 Required: Allocate the service department costs to the two operating departments using the reciprocal method. (Do not round intermediate calculations.) Allocated...
Anderson Enterprises has three service departments, Administration, Maintenance and security and two production departments, Machining and...
Anderson Enterprises has three service departments, Administration, Maintenance and security and two production departments, Machining and Assembly. Total Manufacturing overhead was either directly traced or allocated to all of the departments resulting gin a total of $300,000 of overhead in the Maintenance Department, $240,000 in the administration department, $135,000 in the security department, $1,000,000 in the machining department and $300,000 in the assembly department. The company allocates service department cost using the step method. The maintenance department overhead is allocated...
Caro Manufacturing has two production departments, Machining and Assembly, and two service departments, Maintenance and Cafeteria....
Caro Manufacturing has two production departments, Machining and Assembly, and two service departments, Maintenance and Cafeteria. Direct costs for each department and the proportion of service costs used by the various departments for the month of August follow: Proportion of Services Used by Maintenance Cafeteria Machining Assembly Department Machining Assembly Maintenance Cafeteria Direct Costs $110,000 67,000 51,000 38,000 0.2 0.7 0.5 0.1 0.3 0.2 Required: Use the reciprocal method to allocate the service costs. (Matrix algebra is not required.) (Negative...
Caro Manufacturing has two production departments, Machining and Assembly, and two service departments, Maintenance and Cafeteria....
Caro Manufacturing has two production departments, Machining and Assembly, and two service departments, Maintenance and Cafeteria. Direct costs for each department and the proportion of service costs used by the various departments for the month of August follow: Proportion of Services Used by Department Direct Costs Maintenance Cafeteria Machining Assembly Machining $ 125,000 Assembly 81,000 Maintenance 54,000 — 0.1 0.7 0.2 Cafeteria 38,000 0.7 — 0.2 0.1 Required: Use the reciprocal method to allocate the service costs. (Matrix algebra is...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded. 1.15 points Engineering Supplying Department Engineering Administration Maintenance Direct cost Using Department Administration Maintenance Fabrication 40% 0 15% 25% 45% 30% 15% $248,550 $ 45,000 $230,000 Skipped 208 Assembly 45% 10% 55% $80,000 $ 42,000 eBook References Required: Allocate the service department costs to the two operating departments using the reciprocal...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded. 0.76 points Engineering Fabrication 15% Supplying Department Engineering Administration Maintenance Direct cost 20% Using Department Administration Maintenance 40% 25% 20% $ 222,800 $40,000 45% 30% $ 205,000 45% 10% 50% $50,000 $32,000 eBook Required: Allocate the service department costs to the two operating departments using the reciprocal method. (Do not round...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded. Engineering Assembly 20% Supplying Department Engineering Administration Maintenance Direct cost 15% Using Department Administration Maintenance 60% 10% 30% $274,500 $45,000 Fabrication 20% 50% 15% $245,000 25% $48,000 55% $80,000 Required: Allocate the service department costs to the two operating departments using the reciprocal method. (Do not round intermediate calculations.) Allocated to:...
Midland Resources has two production departments (Fabrication
and Assembly) and three service departments (Engineering,
Administration, and Maintenance). During July, the following costs
and service department usage ratios were recorded:
Supplying Department
Using Department
Engineering
Administration
Maintenance
Fabrication
Assembly
Engineering
0
60
%
0
20
%
20
%
Administration
15
%
0
10
%
50
%
25
%
Maintenance
0
20
%
0
20
%
60
%
Direct cost
$
58,000
$
329,000
$
50,000
$
270,000
$
90,000
Required:
Allocate...
Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded. Engineering Supplying Department Engineering Administration Maintenance Direct cost Using Department Administration Maintenance 60% Fabrication 20% 15% Assembly 20% 25% lex Sex 2ex 20% $ 298,000 $52,000 60% $45,000 $255,000 $90,000 Required: Allocate the service department costs to the two operating departments using the reciprocal method. (Do not round intermediate calculations.) Allocated...
Caro Manufacturing has two production departments, Machining and Assembly, and two service departments, Maintenance and Cafeteria. Direct costs for each department and the proportion of service costs used by the various departments for the month of August follow: Proportion of Services Used by Maintenance Cafeteria Machining Assembly Department Machining Assembly Maintenance Cafeteria Direct Costs $110,000 67,000 51,000 38,000 0.2 0.7 0.5 0.1 0.3 0.2 Required: Use the reciprocal method to allocate the service costs. (Matrix algebra is not required.) (Negative...
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