A company has two service departments (S1 and S2) and two production departments (P1 and P2). Departmental data for August 2018 were as follows: Cost incurred: Service provided to: S1 S2 P1 P2 S1 P54,000 S2 P36,000 20% 10% 50% 40% What are the total allocated service department costs to P2 if the company uses the reciprocal method of allocating its service department costs? --- 30% 50%

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.