The following data relate to the overhead expenditure of an organisation at two activity levels. Square metres 12,750 15,100 Overheads $73,950 $83,585 What is the estimated overhead expenditure if 16,200 square metres are to be cleaned? A $25,626 B $44,745 C $88,095 D $192,645

The following data relate to the overhead expenditure of an organisation at two activity levels. Square metres 12,750 15,100 Overheads $73,950 $83,585 What is the estimated overhead expenditure if 16,200 square metres are to be cleaned? A $25,626 B $44,745 C $88,095 D $192,645

Name: The following data relate to the overhead expenditure of an organisati
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: The following data relate to the overhead expenditure of an organisation at two activity levels.Square metres 12,750 15,100Overheads $73,950 $83,585What is the estimated overhead expenditure if 16,200 square metres are to be cleaned?A $25,626B $44,74

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Original costs Proportion of Administrative hours used Proportion of Information Systems hours used Proportion of Maintenance hours used (a) Total costs Administrative Institutional $77,000 0.20 Operating Segments 0.10 Support Departments Information Systems Maintenance $110,600 $62,000 0.10 Retail 0.10 0.10 0.10 Operating Segments Institutional Retail $649,000 $351,000 0.45 0.40 Determine the total costs that each operating segment would be accountable for if support costs are allocated using the direct method. (Round interme 0.30 0.35 0.30 0.50
How much should be the accumulated cost of work in process as of May 31? a. P90,000 b. P100,000 c. P190,000 d. P220,000
Question Content Area Compute conversion costs given the following data: direct materials, $376,200; direct labor, $200,400; factory overhead, $179,400 and selling expenses, $48,400. a. $555,600 b. $131,000 c. $756,000 d. $379,800
Operating Department Service Department A B 1 2 Total Overhead costs £100,000 £93,100 £62,100 £237,200 £257,400 £749,800 855 Number of employees Square feet of space occupied Hours of press time 55 40 160 360 240 7,500 38,000 30,000 172,400 90,000 12,900 19,000 95,000 60,000 The company allocates service department costs by the direct method in the following order: A (number of employees), B (space occupied), and C (hours of press time). The company makes no distinction between variable and fixed service department costs. Required: How much overhead cost would be allocated to each operating department? (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign.) Service Departments Operating Departments 2 Total Overhead costs Allocation: Department A: Department B: Department C: Total overhead costs after allocations
Magnificent Sdn Bhd is a manufacturing company producing slime. It has two production departments; Mixing and Packing and two service departments; Store and Maintenance. Mixing department is more machine oriented and Packing is more labour oriented. The following information relates to the operation on the month of May 2020: Mixing RM189,500 Packing RM90.500 Actual total production overheads Budgeted total production overheads RM178,500 Actual machine hours RM94,500 5,050 1,010 Budgeted machine hours 5,100 1,100 Actual direct labour hours 1,380 3,460 Budgeted direct labour hours 1,400 3,500
QUESTION 3 A company absorbs overheads based on machine hours. Machine hours were budgeced co be 11,250 and budgeted overheads were £258,750. The actual results were 10,980 machine hours with averheads of £254,692. Were overheads over or under absorbed and by how much? Oa Under absorbed by £2.152 Ob.Over absorbed by £4,058 O. Under absorbed by E4,058 Od. Over absorbed by £2,152 QUESTION 4 A firm has a high level of inventory turnover and uses the Firar in First Out (FIFO) inventory valuation method. In a period of rising purchase prices what would the value of the dosing inventory units be? Oa Based on the pnces of the first inems recerved Ob. Much iower than current purchase prices Oc The average of all goods purchased in the period O d. Close to current purchase prices
Compute conversion costs given the following data: direct materials, $359,700; direct labor, $190,200; factory overhead, $197,100 and selling expenses, $47,700. a. $747,000 b. $149,400 c. $387,300 d. $556,800
Compute conversion costs given the following data: direct materials, $397,000; direct labor, $192,200; factory overhead, $201,100 and selling expenses, $36,800. a.$393,300 b.$164,300 c.$790,300 d.$598,100
Service Department Cost Allocation Presented below are certain operating data for the four departments of Tally Manufacturing Company. Service Production 1 2 1 2 Total manufacturing overhead costs either identifiable with or allocated to each department $120,000 $144,000 $180,000 $196,000 Square feet of factory floor space 80,000 160,000 Number of factory workers 60 20 Planned direct labor hours for the year 40,000 60,000 Allocate, to the two production departments, the costs of service departments 1 and 2, using factory floor space and number of workers, respectively, as bases. Do not round bases when calculating reallocations of service departments. Production 1 2 Identifiable and allocated overhead Reallocation of service departments: Dept. 1 Factory floor space Dept. 2 Number of factory workers Total manufacturing overhead What is the apparent overhead rate for each…
See information in image attached Question: After the reapportionment of service departments, what is the total overhead for the finishing department? a. R126 100 b. R124 500 c. R126 500 d. R127 000 e. R128 500
The following information is departmental cost allocation with two service departments and two production departments. Percentage Service Provided to Department Cost S1 S2 P1 P2 Service 1 (S1) $ 47,000 0 % 20 % 40 % 40 % Service 2 (S2) 37,000 20 0 20 60 Production 1 (P1) 270,000 Production 2 (P2) 320,000 What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1 and P2 using the step method with S1 going first?
Use the information in the following table to compute each department’s contribution to overhead (both in dollars and as a percent). Which department contributes the largest dollar amount to total overhead? Which department contributes the highest percent (as a percent of sales) to total overhead? Dept. A Dept. B Dept. C Sales $ 53,000 $ 180,000 $ 84,000 Costs of goods sold 34,185 103,700 49,560 Gross profit 18,815 76,300 34,440 Total direct expenses 3,660 37,060 7,386