Homework Answers
| 1) Allocation of service department costs: | |||||
| Weaving Deptt | Proofing Deptt | Finishing Deptt. | Personnel | Maintenance | |
| total costs | 15800 | 9400 | 4000 | 1600 | 4400 |
| Allocation: | |||||
| Maintenance | 400 | 667 | 267 | -1600 | 267 |
| (Number of employees) | |||||
| sub total | 16200 | 10067 | 4267 | 0 | 4667 |
| 2nd step Allocation: | |||||
| Personnel | 1556 | 2334 | 778 | -4667 | |
| (direct labor hours) | |||||
| Final Total | 17756 | 12400 | 5045 | 0 | 0 |
| 2) Absoption rates: | |||||
| a) Machine hour rate (weaving deptt) = 1600000 / 2400000 = 2/3 per Machine hour | |||||
| b) Direct labor hour (proofing deptt) = 1800000 / 3600000 = 1/2 = 0.5 per DLH | |||||
| c) Alternative suitable method (finishing deptt): | |||||
| Machine Hours = 400000 / 2400000 = 1/6 per MH | |||||
| Direct labor hours = 600000 / 3600000 = 1/6 per DLH | |||||
| Number of employees = 400 / 2400 = 1/6 per employee | |||||
| Net Book value of equipment = 1/6 per mln USD | |||||
Add Answer to:
The following information on ABC company's budgeted operating costs is provided below. The company has three...
QUESTION 2) Hannover Manufacturing Company has three service departments and three production departments. The company budgeted...
QUESTION 2) Hannover Manufacturing Company has three service departments and three production departments. The company budgeted its manufacturing overhead (MOH) cost for the upcoming year of 2020 as follows: Service Departments Production Departments Factory Repair and Management Cafeteria Maintenance Cutting Molding Finishing 425,000 375,000 95,000 700,000 920,000 485,000 I. Allocation in USD). Space occupied (m²) Number of employees Maintenance hours 500 1,000 200 3,000 4,500 4,000 125 55 22 680 150 720 80 50 0 250 400 300 Machine hours...
Required information [The following information applies to the questions displayed below.) Celestial Artistry Company is developing...
Required information [The following information applies to the questions displayed below.) Celestial Artistry Company is developing departmental overhead rates based on direct-labor hours for its two production departments, Etching and Finishing. The Etching Department employs 20 people and the Finishing Department employs 80 people. Each person in these two departments works 2,000 hours per year. The production-related overhead costs for the Etching Department are budgeted at $200,000, and the Finishing Department costs are budgeted at $320,000. Two service departments, Maintenance...
A furniture making business manufactures quality furniture to customers' orders. It has three production departments and...
A furniture making business manufactures quality furniture to customers' orders. It has three production departments and two service departments. Budgeted overhead costs for the coming year are: Totals £ Rent and Rates 12, 800 21.00 Machine insurance 6,000 2,000 Canteen 3200 6,400 Depreciation 18,000 36000 Production supervisor's salaries Heating and lighting 6,400 2,810 70,400 32.000 The three production departments - A B and C,, and the two service departments - X and V, are housed in the new premises, the...
University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing)....
University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing). Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each. The following data appear in the company records for the current period: Maintenance Personnel 1,000 Machine-hours Labor-hours Department direct costs 500 $5,000 Printing 1,000 500 $15,000 Developing 3,000 2,000 $10,000 $12,000 Required: Use the direct...
ABC Ltd manufactures products to the precise specifications of individual customers in three separate production departments....
ABC Ltd manufactures products to the precise specifications of individual customers in three separate production departments. It also has two service departments. The following overhead costs are predicted to occur during the coming year: Total Rent and rates (£) 15,000 Machine insurance (£) 10,000 Telephone charges () 5,000 Depreciation (£) 20,000 Production supervisors' salaries (£) 25,000 Heating/lighting (E) 10,000 85,000 Details relating to each department are given below: Production Service Total Cutting Machining Pressing Stores Maint- enance Floor area occupied...
University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing)....
University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing). Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each. The following data appear in the company records for the current period: Maintenance Personnel 1,000 Machine-hours Labor-hours Department direct costs Printing 1,000 500 $15,000 500 $5,000 Developing 3,000 2,000 $10,000 $12,000 Required: Use the direct...
University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing)....
University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing). Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each. The following data appear in the company records for the current period: Machine-hours Labor-hours Department direct costs Maintenance Personnel Printing Developing 1,000 1,000 3,000 500 500 2,000 $5,000 $12,000 $15,000 $10,000 Required: Use the direct...
LILI SDN BHD is a manufacturer and supplier of home cabinets. It has two main Departments...
LILI SDN BHD is a manufacturer and supplier of home cabinets. It has two main Departments that is the Production Department and the Service Department. The Production department has three (3) sub-departments: Machining, Assembly and Finishing. All three departments are labor-intensive. The Service Department has two sub-department which is Maintenance and General Services. Cost Data Production Departments Service Departments Cost Items (RM) Fabrication Assembly Finishing Maintenance Gen.Services Indirect Supplies 3,000 2,500 2,000 1,000 2,500 Indirect Labour 18,000 10,000 8,000 4,500...
Celestial Artistry Company is developing departmental overhead rates based on direct-labor hours for its two production...
Celestial Artistry Company is developing departmental overhead rates based on direct-labor hours for its two production departments, Etching and Finishing. The Etching Department employs 30 people and the Finishing Department employs 70 people. Each person in these two departments works 1,800 hours per year. The production-related overhead costs for the Etching Department are budgeted at $220,000, and the Finishing Department costs are budgeted at $340,000. Two service departments, Maintenance and Computing, directly support the two production departments. These service departments...
Thank you ABC Ltd manufactures products to the precise specifications of individual customers in three separate...
Thank you
ABC Ltd manufactures products to the precise specifications of individual customers in three separate production departments. It also has two service departments. The following overhead costs are predicted to occur during the coming year: Total Rent and rates (£) 15,000 Machine insurance (£) 10,000 Telephone charges () 5,000 Depreciation (£) 20,000 Production supervisors' salaries (£) 25,000 Heating/lighting (E) 10,000 85,000 Details relating to each department are given below: Production Service Total Cutting Machining Pressing Stores Maint- enance Floor...
QUESTION 2) Hannover Manufacturing Company has three service departments and three production departments. The company budgeted its manufacturing overhead (MOH) cost for the upcoming year of 2020 as follows: Service Departments Production Departments Factory Repair and Management Cafeteria Maintenance Cutting Molding Finishing 425,000 375,000 95,000 700,000 920,000 485,000 I. Allocation in USD). Space occupied (m²) Number of employees Maintenance hours 500 1,000 200 3,000 4,500 4,000 125 55 22 680 150 720 80 50 0 250 400 300 Machine hours...
Required information [The following information applies to the questions displayed below.) Celestial Artistry Company is developing departmental overhead rates based on direct-labor hours for its two production departments, Etching and Finishing. The Etching Department employs 20 people and the Finishing Department employs 80 people. Each person in these two departments works 2,000 hours per year. The production-related overhead costs for the Etching Department are budgeted at $200,000, and the Finishing Department costs are budgeted at $320,000. Two service departments, Maintenance...
A furniture making business manufactures quality furniture to customers' orders. It has three production departments and two service departments. Budgeted overhead costs for the coming year are: Totals £ Rent and Rates 12, 800 21.00 Machine insurance 6,000 2,000 Canteen 3200 6,400 Depreciation 18,000 36000 Production supervisor's salaries Heating and lighting 6,400 2,810 70,400 32.000 The three production departments - A B and C,, and the two service departments - X and V, are housed in the new premises, the...
University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing). Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each. The following data appear in the company records for the current period: Maintenance Personnel 1,000 Machine-hours Labor-hours Department direct costs 500 $5,000 Printing 1,000 500 $15,000 Developing 3,000 2,000 $10,000 $12,000 Required: Use the direct...
ABC Ltd manufactures products to the precise specifications of individual customers in three separate production departments. It also has two service departments. The following overhead costs are predicted to occur during the coming year: Total Rent and rates (£) 15,000 Machine insurance (£) 10,000 Telephone charges () 5,000 Depreciation (£) 20,000 Production supervisors' salaries (£) 25,000 Heating/lighting (E) 10,000 85,000 Details relating to each department are given below: Production Service Total Cutting Machining Pressing Stores Maint- enance Floor area occupied...
University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing). Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each. The following data appear in the company records for the current period: Maintenance Personnel 1,000 Machine-hours Labor-hours Department direct costs Printing 1,000 500 $15,000 500 $5,000 Developing 3,000 2,000 $10,000 $12,000 Required: Use the direct...
University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing). Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each. The following data appear in the company records for the current period: Machine-hours Labor-hours Department direct costs Maintenance Personnel Printing Developing 1,000 1,000 3,000 500 500 2,000 $5,000 $12,000 $15,000 $10,000 Required: Use the direct...
Celestial Artistry Company is developing departmental overhead rates based on direct-labor hours for its two production departments, Etching and Finishing. The Etching Department employs 30 people and the Finishing Department employs 70 people. Each person in these two departments works 1,800 hours per year. The production-related overhead costs for the Etching Department are budgeted at $220,000, and the Finishing Department costs are budgeted at $340,000. Two service departments, Maintenance and Computing, directly support the two production departments. These service departments...
Thank you
ABC Ltd manufactures products to the precise specifications of individual customers in three separate production departments. It also has two service departments. The following overhead costs are predicted to occur during the coming year: Total Rent and rates (£) 15,000 Machine insurance (£) 10,000 Telephone charges () 5,000 Depreciation (£) 20,000 Production supervisors' salaries (£) 25,000 Heating/lighting (E) 10,000 85,000 Details relating to each department are given below: Production Service Total Cutting Machining Pressing Stores Maint- enance Floor...
Most questions answered within 3 hours.
-
26) Briefly describe, using words or simple diagrams, the
chemiosmotic theory for coupling oxidation to phosphorylation...
asked 43 minutes ago -
Suppose that XX is a random variable with mean 16 and standard
deviation 5 . Also...
asked 1 hour ago -
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 4 hours ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 4 hours ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 5 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 6 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 7 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 7 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 8 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 8 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 8 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 9 hours ago