21. if the direct method of allocation is used, how much of the equipment maintenance costs would be allocated to production department No. 1? a. b. P 13,500 с. Р 16,500 d. P 30,000 22.If the step method of allocation is used, how much would be allocated from supervision to production department No. 1 P 14.000 b. P16.471 iluow or а. P 17,600 d. P18,526 с. 23. If the step method of allocation is used, how much would be allocated from supervision to building occupancy? а. b. P1,750 c. P 2,200 d. P 2,444 Stargazer Company logged 7,250 machine hours for the month of June. P42,500 was spent for manufacturing overhead and this overhead is allocated on the basis of machine hours. The company operates 5 departments; however, one department was closed for the month of June due to poor market conditions for its product. It was decided that this department (#3) should be allocated a lump sum of PS,000 as its share of June overhead. 24. If this policy is followed, how much overhead would be charged to Department 2, which used 1,750 machine hours? P 1,207 b. Р 9,052 а. ia od bleo c. P10,259 d. P20,714

21. if the direct method of allocation is used, how much of the equipment maintenance costs would be allocated to production department No. 1? a. b. P 13,500 с. Р 16,500 d. P 30,000 22.If the step method of allocation is used, how much would be allocated from supervision to production department No. 1 P 14.000 b. P16.471 iluow or а. P 17,600 d. P18,526 с. 23. If the step method of allocation is used, how much would be allocated from supervision to building occupancy? а. b. P1,750 c. P 2,200 d. P 2,444 Stargazer Company logged 7,250 machine hours for the month of June. P42,500 was spent for manufacturing overhead and this overhead is allocated on the basis of machine hours. The company operates 5 departments; however, one department was closed for the month of June due to poor market conditions for its product. It was decided that this department (#3) should be allocated a lump sum of PS,000 as its share of June overhead. 24. If this policy is followed, how much overhead would be charged to Department 2, which used 1,750 machine hours? P 1,207 b. Р 9,052 а. ia od bleo c. P10,259 d. P20,714

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 15Q: In determining the costs transferred to a third department from a second department, are the costs...

See similar textbooks

Similar questions

What is the total costs transferred from Department B to Department C? P619,890 P621,030 P614,680 P603,250
Department Z's cost per equivalent unit of production for materials using the FIFO method would be Department Z's cost per equivalent unit of production for conversion costs using the FIFO method would be
What is the total costs transferred from Department A to Department B? a.P327,240 b.P313,500 c.P289,750 d.P323,400
What is the total units to account for (TUTAF) in Department 1? a.20,000 b.18,500 c.19,000 d.18,000 What is the equivalent units of production (EUP) on Materials in Department 1? a.19,500 b.19,000 c.18,500 d.20,000 What is the equivalent units of production (EUP) on Materials in Department 2? a.18,500 b.19,000 c.18,275 d.18,850 What is the equivalent units of production (EUP) on conversion in Department 3? a.19,000 b.18,500 c.18,275 d.18,850 What is the average unit cost of finished goods transferred out from Department 3? a.14.89 b.15.23 c.15.17 d.15.36
23 - In which of the following accounts the expenses incurred to research a new production method are followed?A) In Financing ExpensesB) Research and Development Expenses C) In Service Production CostD) General Administrative Expenses E) In Marketing, Sales and Distribution Expenses
If physical output method is used in allocating joint cost, how much is Product X's share of the joint cost? a. 50,400 b. 36,000 c. 33,600
In determining the costs transferred to a third department from a second department, are the costs from a first department considered? Are they considered in the computation of the ending work in process in the second department?
19. Which one of the following reports is useful to the middle level? a. Report on research and development activities b. Plant utilization report c. Report on material price and usage variance d. Capital Budge
What is the total costs transferred from Department 1 to Department 2? a.P200,045 b.P115,200 c.P111,150 d.P195,175
What are the total overhead costs of the operating departments (Eastern and Western) after the support-department costs of Engineering and Information Technology have been allocated using (a) the direct method, (b) the step-down method (allocate Engineering first), (c) the step-down method (allocate Information Technology first), and (d) the reciprocal method?
20- Select which of the following requires a separate measurement of cost. a. Activity b. Volume c. Number d. Area
What is the equivalent units of production (EUP) on Materials in Department 1? a.19,500 b.19,000 c.18,500 d.20,000 What is the equivalent units of production (EUP) on Materials in Department 2? a.18,500 b.19,000 c.18,275 d.18,850