Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Yolksbaggin has one cost pool (General Plant), one service department (Sanitation), and two production departments (Collection and Packaging), plus it uses the STEP (sequential) method of cost allocation to allocate costs (in the order that they are mentioned above) to the two production departments. General plant, Sanitation, Collection, and Packaging, have departmental costs before allocation of $80,000, $192,000, $600,000, and $900,000 respectively. General plant costs are allocated on the basis of number of direct labor hours worked. Sanitation, Collection, and Packaging worked 2000, 8000, and 10,000 direct labor hours respectively this period. Sanitation costs are allocated on the basis of square footage occupied by a department. The entire factory is 220,000 square feet with Sanitation occupying the first 20,000 square feet of that total, while Collection and Packaging each occupy half of the remaining square footage.

1. How much of the General Plant cost should be allocated to Sanitation?

2.How much of the Sanitation cost (after any prior allocations to Sanitation) should be allocated to Packaging?

3.How much of the Sanitation cost (after any prior allocations to Sanitation) should be allocated to the Collection production department?

4.How much of the General Plant cost should be allocated to Packaging?

5.How much of the General Plant cost should be allocated to Collection?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9979991

Have any Question?


Related Questions in Accounting Basics

Quesiton instructions first locate the financial statement

Quesiton: Instructions: First, locate the financial statement (10 - K Annual Reporting) information for each company (listed below) that you will be investigating for your final project. This information can be found on ...

Question - in 2017 wildhorse corporation had net cash

Question - In 2017, Wildhorse Corporation had net cash provided by operating activities of $569,000, net cash used by investing activities of $965,000, and net cash provided by financing activities of $592,000. At Januar ...

Question - larry recently invested 23000 tax basis in

Question - Larry recently invested $23,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is also $23,000. In addition, Larry's share of the limited partnership loss for the year is $2,150, ...

Question - x company incurred the following costs in

Question - X Company incurred the following costs in 2017: Factory insurance $4,606 Customer service 4,470 Advertising costs 5,478 Factory maintenance 4,475 Direct materials 5,151 Direct labor 4,165 Factory utilities 5,4 ...

Question - explain why the purchase of supplies is usually

Question - Explain why the purchase of supplies is usually recorded in the asset account rather than in an expense account. If supplies were expensed when purchased, which account should be debited and which credited at ...

Question - lmn company was organized on january 1 2018 at

Question - "LMN Company was organized on January 1, 2018. At the end of the first quarter (three months) of operations, the owner prepared a summary of its activities as shown below. What is net income? • Services perfor ...

Thinking of the middle east identify where you encounter

Thinking of the Middle East, identify where you encounter products, services, or food items that should be relatively uniform and are based on standard inputs or costs. Identify the items, their standard components, and ...

Question - how would the firm determine the cost

Question - How would the firm determine the cost effectiveness of purchasing the long term assets used by the firm over an extended period of time?

Question - sanchez company completes these transactions and

Question - Sanchez Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 Purchased $45,300 of merchandise from Lee Industries, invoice da ...

Question - carpenter inc had a balance of 80000 in its

Question - Carpenter Inc. had a balance of $80,000 in its quality-assurance warranty liability account as of December 31, 2015. In 2016, Carpenter's warranty expenditures were $445,000. Its warranty expense is calculated ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As