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The Yeyoughtogethis Company is looking for a new name... however, that is another story. Information for...
The Yououghtogethis Company is looking for a new name... however, that is another story. Information for...
The Yououghtogethis Company is looking for a new name... however, that is another story. Information for four departments in this company was as follows at the end of the period. Department Accounting Number of s 10 House Manags Square Feet Cost before Allocation 100 square feet $82.500 5 20 square feet SH0.172 300 square feet $61,372 30 square feet S71.612 RAD Maintenance 40 3 Required: . You will not receive credit without showing work. • Answers should be to two...
For its two-story building, each year Imposters Company pays rent of $180,000. The two story building space has 5 d...
For its two-story building, each year Imposters Company pays rent of $180,000. The two story building space has 5 departments mentioned below. Jewelry department Cosmetics department Housewares department Tools department Shoes department 1,400 square feet of first-floor space 2,600 square feet of first-floor space 1,600 square feet of second-floor space 640 square feet of second-floor space 1,760 square feet of second-floor space For the 1st floor, Imposters Company allocates 65% of total rent expense and 35% to the 2nd floor....
1. Support department cost allocation—reciprocal services method Davis Snowflake & Co. produces Christmas stockings in its...
1. Support department cost allocation—reciprocal services method Davis Snowflake & Co. produces Christmas stockings in its Cutting and Sewing departments. The Maintenance and Security departments support the production of the stockings. Costs from the Maintenance Department are allocated based on machine hours, and costs from the Security Department are allocated based on asset value. Information about each department is provided in the following table: Maintenance Department Security Department Cutting Department Sewing Department Machine hours 800 2,000 6,400 11,600...
1. Support Department Cost Allocation—Reciprocal Services Method Blue Africa Inc. produces laptops and desktop computers. The...
1. Support Department Cost Allocation—Reciprocal Services Method Blue Africa Inc. produces laptops and desktop computers. The company’s production activities mainly occur in what the company calls its Laser and Forming departments. The Cafeteria and Security departments support the company’s production activities and allocate costs based on the number of employees and square feet, respectively. The total cost of the Security Department is $273,000. The total cost of the Cafeteria Department is $180,000. The number of employees and the square footage...
1. Support Department Cost Allocation—Direct Method Christmas Timber, Inc., produces Christmas trees. The trees are produced...
1. Support Department Cost Allocation—Direct Method Christmas Timber, Inc., produces Christmas trees. The trees are produced through a cutting and pruning process. Machine maintenance and janitorial labors are performed throughout the production process by nonproduction employees. Maintenance and janitorial costs are allocated based on machine hours used and the number of trees in each department, respectively. The company estimates that the cutting and pruning areas typically have about 24 and 56 trees, respectively, in them at 1 time. The company...
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%...
QUESTION 3 QRS Company has two support departments (Administration and Janitorial) and three producing departments (Fabricating,...
QUESTION 3 QRS Company has two support departments (Administration and Janitorial) and three producing departments (Fabricating, Assembly, and Finishing). Costs and activities are as follows: Administration Janitorial Fabricating Assembly Finishing Direct costs before allocation $180,000 $110,000 $70000 $80,000 $65,000 10 Number of employees Square feet 30 40 20 5,000 20,000 15,000 Administrative department services all departments of the company, and its costs are allocated based on the number of employees; janitorial services costs are allocable to fabricating, assembly and finishing...
Kizzle’s Crepes Co. produces world famous crepes. The company’s crepes are produced via its Mixing and...
Kizzle’s Crepes Co. produces world famous crepes. The company’s crepes are produced via its Mixing and Cooking activities, which both rely on the Janitorial and Maintenance activities. Kizzle’s management knows the most practical driver of Janitorial costs is square feet, but is uncertain whether to allocate Maintenance costs based on asset value of production equipment, number of service calls, or machine hours. Kizzle’s management estimates that the Cooking and Mixing activities each require about twice as much space as the...
National Bank has several departments that occupy both floors of a two-story building. The depart...
National Bank has several departments that occupy both floors of a two-story building. The departmental accounting system has a single account, Building Occupancy Cost, in its ledger. The types and amounts of occupancy costs recorded in this account for the current period follow Depreciation-Building Interest-Building mortgage Taxes-Building and land Gas (heating) expense Lighting expense Haintenance expense Total occupancy cost $27,000 40, 500 12,000 3, 750 4, 500 8,250 $96, 000 The building has 6,000 square feet on each floor. In...
Using the direct method, Pone HI Company allocates Janitorial Department costs based on square footage serviced....
Using the direct method, Pone HI Company allocates Janitorial Department costs based on square footage serviced. It allocates Cafetaria Department costs based on the number of employees served. It has the following information about its two service departments and two production departments, Cutting and Assembly Number of Square Feet Employees Janitorial Department 100 Cafeteria Department 10,000 10 Cutting Department 2,000 60 Assembly Department 8,000 20 If the Janitorial Department incurs costs of $200,000, how much of that cost is allocated...
The Yououghtogethis Company is looking for a new name... however, that is another story. Information for four departments in this company was as follows at the end of the period. Department Accounting Number of s 10 House Manags Square Feet Cost before Allocation 100 square feet $82.500 5 20 square feet SH0.172 300 square feet $61,372 30 square feet S71.612 RAD Maintenance 40 3 Required: . You will not receive credit without showing work. • Answers should be to two...
For its two-story building, each year Imposters Company pays rent of $180,000. The two story building space has 5 departments mentioned below. Jewelry department Cosmetics department Housewares department Tools department Shoes department 1,400 square feet of first-floor space 2,600 square feet of first-floor space 1,600 square feet of second-floor space 640 square feet of second-floor space 1,760 square feet of second-floor space For the 1st floor, Imposters Company allocates 65% of total rent expense and 35% to the 2nd floor....
QUESTION 3 QRS Company has two support departments (Administration and Janitorial) and three producing departments (Fabricating, Assembly, and Finishing). Costs and activities are as follows: Administration Janitorial Fabricating Assembly Finishing Direct costs before allocation $180,000 $110,000 $70000 $80,000 $65,000 10 Number of employees Square feet 30 40 20 5,000 20,000 15,000 Administrative department services all departments of the company, and its costs are allocated based on the number of employees; janitorial services costs are allocable to fabricating, assembly and finishing...
National Bank has several departments that occupy both floors of a two-story building. The departmental accounting system has a single account, Building Occupancy Cost, in its ledger. The types and amounts of occupancy costs recorded in this account for the current period follow Depreciation-Building Interest-Building mortgage Taxes-Building and land Gas (heating) expense Lighting expense Haintenance expense Total occupancy cost $27,000 40, 500 12,000 3, 750 4, 500 8,250 $96, 000 The building has 6,000 square feet on each floor. In...
Using the direct method, Pone HI Company allocates Janitorial Department costs based on square footage serviced. It allocates Cafetaria Department costs based on the number of employees served. It has the following information about its two service departments and two production departments, Cutting and Assembly Number of Square Feet Employees Janitorial Department 100 Cafeteria Department 10,000 10 Cutting Department 2,000 60 Assembly Department 8,000 20 If the Janitorial Department incurs costs of $200,000, how much of that cost is allocated...
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