Homework Answers
| Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks! |
| Oxide Company | |||||
| Reciprocal Method | S 1 | S 2 | X | Y | Total |
| Services provided by S 1 | 10.00% | 35.00% | 55.00% | 100.00% | |
| Services provided by S 2 | 6.00% | 50.00% | 44.00% | 100.00% | |
| Department cost | 15,000.00 | 8,000.00 | 105,000.00 | 97,500.00 | 225,500.00 |
| Let Overhead cost of S 1 is $ S1 and Overhead cost of S 2 is $ S2 | |||||
| S2= 8000+ 0.10 of S1 | |||||
| S2= 8000+ 0.10S1 | |||||
| So answer is option a. | |||||
| Restaurant Products | |||||
| X | Y | Total | |||
| Units produced | 4,000.00 | 6,000.00 | 10,000.00 | ||
| So Joint cost of 25000 to be allocated in the ratio of 4,000 and 6,000 | |||||
| Joint costs allocated | 10,000.00 | 15,000.00 | 25,000.00 | ||
| So Joint costs allocated to X is $ 10,000. | |||||
| So answer is option b. |
Add Answer to:
15) Oxide Company has two support departments (S1 and S2) and two producing departments (X and...
Evergreen Company has two support departments (S1 and S2) and two producing departments (P1 and P2)....
Evergreen Company has two support departments (S1 and S2) and two producing departments (P1 and P2). Department S1 costs are allocated on the basis of number of employees, and Department S2 costs are allocated on the basis of space occupied expressed in square feet. Data on direct department costs, number of employees, and space occupied are as follows: S1 S2 P1 P2 Direct dept. costs $7,500 $11,000 $27,500 $30,000 Number of employees 10 5 20 25 Space occupied (sq. ft.)...
Restaurant Products produces two products, X and Y, in a single process. In 2011, the joint...
Restaurant Products produces two products, X and Y, in a single process. In 2011, the joint costs of this process were $25,000. In addition, 4,000 units of X and 6,000 units of Y were produced. Separable processing costs beyond the split-off point were X - $10,000; Y - $20,000. X sells for $10.00 per unit; Y sells for $7.50 per unit. What amount of joint costs will be allocated to Product X using the physical units method? a. $25,000 b....
The Real McCoys Company has two service departments (S1 and S2) and two production departments (P1...
The Real McCoys Company has two service departments (S1 and S2) and two production departments (P1 and P2). Department S1 allocates service costs based on machine hours. S2 allocates service costs based on kilowatt hours. The company does NOT make a distinction between fixed and variable costs when allocating service costs. The budgeted total costs in the service departments for 2019 are $70,000 for S1 and $98,800 for S2. Budgeted machine hours and kilowatt hours for the year are as...
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and...
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department’s efforts (in percentages) to the other departments is: From To S1 S2 P1 P2 S1 — 20% 30% ? % S2 20% — ? 40 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $ 205,000 S2 71,000 P1 58,000 P2 160,000 Required: 1. Determine the total cost of P1 and...
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and...
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other departments is: To S1 P1 From S1 S2 S2 10% 20% ? P2 ?% 30 10% The direct operating costs of the departments (including both variable and fixed costs) are: S1 S2 P1 P2 $ 225,000 72,000 59,000 165,000 Required: 1. Determine the total cost of P1 and P2 using the...
The Springfield Company has three service departments, S1, S2, and S3, and two production departments, P1...
The Springfield Company has three service departments, S1, S2,
and S3, and two production departments, P1 and P2. The following
data relate to Springfield’s allocation of service department
costs:
Budgeted Costs
Number of Employees
S1
$4,588,000
92
S2
2,834,000
64
S3
2,760,000
41
P1
196
P2
294
Service department costs are allocated by the direct method. The
number of employees is used as the allocation base for all service
department costs.
(a)
Allocate service department costs to production departments.
Service...
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other d...
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other departments is: To From S1 S2 P1 P2 S1 78 -20% 30% S2 20% 2 40 The direct operating costs of the departments (including both variable and fixed costs) are: Si $255,000 85,000 63,000 P2 185,000 S2 P1 Required: 1. Determine the total cost of P1 and P2 using the direct...
The DuffyDog Company has three service departments, S1, S2, and S3, and two production departments, P1...
The DuffyDog Company has three service departments, S1, S2, and
S3, and two production departments, P1 and P2. The following data
relate to DuffyDog’s allocation of service department costs:
Budgeted Costs
Number of Employees
S1
$4,637,000
89
S2
3,262,000
58
S3
2,618,000
40
P1
196
P2
294
Service department costs are allocated by the direct method. The
number of employees is used as the allocation base for all service
department costs.
(a)
Your answer is correct.
Allocate service department costs...
Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2....
Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows: Proportion of Services Used by: S1 S2 P1 0.70 0.10 0.20 0.20 0.30 0.50 Department Direct costs $ 60,000 $100,000 $160,000 $140,000 P2 Under the direct method of cost allocation, the amount of S1 costs allocated to S2 would be:...
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2) The distribution of each service department's efforts (in percentages) to the othe...
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2) The distribution of each service department's efforts (in percentages) to the other departments is: 20 7 30 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $225,000 $2 $2 2,000 P2 165,000 Required 1. Determine the total cost of P1 and P2 using the direct method. 2. Determine the total cost of P1 and P2 using the...
The Real McCoys Company has two service departments (S1 and S2) and two production departments (P1 and P2). Department S1 allocates service costs based on machine hours. S2 allocates service costs based on kilowatt hours. The company does NOT make a distinction between fixed and variable costs when allocating service costs. The budgeted total costs in the service departments for 2019 are $70,000 for S1 and $98,800 for S2. Budgeted machine hours and kilowatt hours for the year are as...
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other departments is: To S1 P1 From S1 S2 S2 10% 20% ? P2 ?% 30 10% The direct operating costs of the departments (including both variable and fixed costs) are: S1 S2 P1 P2 $ 225,000 72,000 59,000 165,000 Required: 1. Determine the total cost of P1 and P2 using the...
The Springfield Company has three service departments, S1, S2,
and S3, and two production departments, P1 and P2. The following
data relate to Springfield’s allocation of service department
costs:
Budgeted Costs
Number of Employees
S1
$4,588,000
92
S2
2,834,000
64
S3
2,760,000
41
P1
196
P2
294
Service department costs are allocated by the direct method. The
number of employees is used as the allocation base for all service
department costs.
(a)
Allocate service department costs to production departments.
Service...
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other departments is: To From S1 S2 P1 P2 S1 78 -20% 30% S2 20% 2 40 The direct operating costs of the departments (including both variable and fixed costs) are: Si $255,000 85,000 63,000 P2 185,000 S2 P1 Required: 1. Determine the total cost of P1 and P2 using the direct...
The DuffyDog Company has three service departments, S1, S2, and
S3, and two production departments, P1 and P2. The following data
relate to DuffyDog’s allocation of service department costs:
Budgeted Costs
Number of Employees
S1
$4,637,000
89
S2
3,262,000
58
S3
2,618,000
40
P1
196
P2
294
Service department costs are allocated by the direct method. The
number of employees is used as the allocation base for all service
department costs.
(a)
Your answer is correct.
Allocate service department costs...
Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows: Proportion of Services Used by: S1 S2 P1 0.70 0.10 0.20 0.20 0.30 0.50 Department Direct costs $ 60,000 $100,000 $160,000 $140,000 P2 Under the direct method of cost allocation, the amount of S1 costs allocated to S2 would be:...
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2) The distribution of each service department's efforts (in percentages) to the other departments is: 20 7 30 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $225,000 $2 $2 2,000 P2 165,000 Required 1. Determine the total cost of P1 and P2 using the direct method. 2. Determine the total cost of P1 and P2 using the...
Most questions answered within 3 hours.
-
After watching the lectures I am still having a hard time
understanding these equations.
1. The...
asked 52 minutes ago -
Testing:
H0:μ=56.9
H1:μ<56.9
Your sample consists of 23 subjects, with a mean of 56.3 and
standard...
asked 55 minutes ago -
straight wire, labeled as Wire A, lies horizontally on a
tabletop and is oriented to run...
asked 56 minutes ago -
For a Chi-Squared Goodness of Fit Test about a uniform
distribution, complete the table.
Round to...
asked 1 hour ago -
Milk of magnesia is only slightly soluble in water. Kc for the
reaction Mg(OHs)(s)>Mg2+(a) + 2OH-1(aq)...
asked 1 hour ago -
Excel's HYPGEOM.DIST function can be used to compute _____.
a. both hypergeometric probabilities and cumulative
hypergeometric...
asked 1 hour ago -
The rocket used for the human lunar missions was the Saturn V
rocket. At liftoff the...
asked 1 hour ago -
1. The East Street Bagel Shop has a weekly demand for 3,500
bagels, which they make...
asked 1 hour ago -
paraphrasing each paragraph
“Where two or more persons knowingly act together unlawfully,
the act of each...
asked 1 hour ago -
The lateral line system in fish is contained which of the
following?
chemoreceptors
photoreceptors
mechanoreceptors
odor...
asked 1 hour ago -
Find the y-intercept of y =-5 x. The y-intercept of y equals
negative 5 x is______...
asked 1 hour ago -
Customers arrive randomly at a gas station at the average rate
of 30 per hour, while...
asked 1 hour ago