The following cost data pertain to the operations of National Department Stores, Inc., for the month of September. Corporate headquarters building lease. Cosmetics Department sales commissions-GC Store Corporate legal office salaries Store manager's salary-GC Store. Heating-GC Store Cosmetics Department cost of sales-GC Store Central warehouse lease cost Store security–GC Store Cosmetics Department manager's salary-GC Store P76,000 P4,000 P59,000 P11,000 P10,000 P37,000 P15,000 P12,000 P4,000 The GC Store is just one of many stores owned and operated by the company. The Cosmetics Department is one of many departments at the GC Store. The central warehouse serves all of the company's stores.

The following cost data pertain to the operations of National Department Stores, Inc., for the month of September. Corporate headquarters building lease. Cosmetics Department sales commissions-GC Store Corporate legal office salaries Store manager's salary-GC Store. Heating-GC Store Cosmetics Department cost of sales-GC Store Central warehouse lease cost Store security–GC Store Cosmetics Department manager's salary-GC Store P76,000 P4,000 P59,000 P11,000 P10,000 P37,000 P15,000 P12,000 P4,000 The GC Store is just one of many stores owned and operated by the company. The Cosmetics Department is one of many departments at the GC Store. The central warehouse serves all of the company's stores.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...

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Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.
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The following data are taken from the general ledger and other records of Coral Park Production Co. on January 31, the end of the first month of operations in the current fiscal year: a. Prepare a statement of cost of goods manufactured. b. Prepare the cost of goods sold section of the income statement.
The following cost data pertain to the operations of Quinonez Department Stores, Inc., for the month of September. Corporate headquarters building lease $ 82,600 Cosmetics Department sales commissions--Northridge Store $ 5160 Corporate legal office salaries $ 60,100 Store manager's salary-Northridge Store $ 11,300 Heating-Northridge Store $ 13,500 Cosmetics Department cost of sales--Northridge Store $ 31,300 Central warehouse lease cost $ 15,500 Store security-Northridge Store $ 20,400 Cosmetics Department manager's salary--Northridge Store $ 4240 The Northridge Store is just one of many stores owned and operated by the company. The Cosmetics Department is one of many departments at the Northridge Store. The central warehouse serves all of the company's stores.What is the total amount of the costs listed above that are NOT direct costs of the Northridge Store? $82,600 $40,700 $53,640 $158,200
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The following cost data pertain to the operations of Quinonez Department Stores, Incorporated, for the month of September. Corporate headquarters building lease $ 78,000 Cosmetics Department sales commissions-Northridge Store $ 5,270 Corporate legal office salaries $ 66,500 Store manager's salary-Northridge Store $ 12,200 Heating-Northridge Store $ 20,400 Cosmetics Department cost of sales-Northridge Store $ 39,100 Central warehouse lease cost $ 9,800 Store security-Northridge Store $ 16,200 Cosmetics Department manager's salary-Northridge Store $ 4,310 The Northridge Store is just one of many stores owned and operated by the company. The Cosmetics Department is one of many departments at the Northridge Store. The central warehouse serves all of the company's stores. What is the total amount of the costs listed above that are direct costs of the Cosmetics Department?
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The following cost data for the year just ended pertain to Sentiments, Inc., a greeting cardmanufacturer:Direct material ..................................................................................................... $2,100,000Advertising expense............................................................................................. 99,000Depreciation on factory building ......................................................................... 115,000Direct labor: wages.............................................................................................. 485,000Cost of finished goods inventory at year-end ...................................................... 115,000Indirect labor: wages............................................................................................ 140,000Production supervisor’s salary............................................................................. 45,000Service department…
The following information relates to the activities of the production department of Will Smith Sdn Bhd for the month of March 2019: Production Department Order Number 123 Direct materials consumed 120,000 20 Direct wages 180,000 25 Overhead chargeable 150,000 Direct labor hours worked 30,000 5 Machine hours operated 10,000 2 The company adds a margin of 50 per cent to the total production cost of specific units in order to cover administration expenses and to provide a profit. Required: a) Calculate the total selling price of order number 123 if overhead is absorbed using the following methods of overhead absorption: I. Direct labor hours II. Machine hours b) State which of the two methods you would recommend for the production department.