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AccountingManagerial Accounting: The Cornerstone of Business Decision-Making7th Edition

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Chapter 4, Problem 35BEB
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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

Solutions

Chapter
Section
Problem 1DQ
Problem 2DQ
Problem 3DQ
Problem 4DQ
Problem 5DQ
Problem 6DQ
Problem 7DQ
Problem 8DQ
Problem 9DQ
Problem 10DQ
Problem 11DQ
Problem 12DQ
Problem 13DQ
Problem 14DQ
Problem 15DQ
Problem 16DQ
Problem 17DQ
Problem 18DQ
Problem 19DQ
Problem 20DQ
Problem 1MCQ
Problem 2MCQ
Problem 3MCQ
Problem 4MCQ
Problem 5MCQ
Problem 6MCQ
Problem 7MCQ
Problem 8MCQ
Problem 9MCQ
Problem 10MCQ
Problem 11MCQ
Problem 12MCQ
Problem 13MCQ
Problem 14MCQ
Problem 15MCQ
Problem 16MCQ
Problem 17MCQ
Problem 18MCQ
Problem 19MCQ
Problem 20MCQ
Problem 21MCQ
Problem 22BEA
Problem 23BEA
Problem 24BEA
Problem 25BEA
Problem 26BEA
Problem 27BEA
Problem 28BEA
Problem 29BEB
Problem 30BEB
Problem 31BEB
Problem 32BEB
Problem 33BEB
Problem 34BEB
Problem 35BEB
Problem 36E
Problem 37E
Problem 38E
Problem 39E
Problem 40E
Problem 41E
Problem 42E
Problem 43E
Problem 44E
Problem 45E
Problem 46E
Problem 47E
Problem 48E
Problem 49E
Problem 50E
Problem 51E
Problem 52E
Problem 53P
Problem 54P
Problem 55P
Problem 56P
Problem 57P
Problem 58P
Problem 59P
Problem 60P
Problem 61P
Problem 62P
Problem 63P
Problem 64P
Problem 65P
Problem 66C
Problem 67C
BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Use the following information for Brief Exercises 4-34 and 4-35:

Sanjay Company manufactures a product in a factory that has two producing departments, Assembly and Painting, and two support departments, S1 and S2. The activity driver for S1 is square footage, and the activity driver for S2 is number of machine hours. The following data pertain to Sanjay:

Chapter 4, Problem 35BEB, Use the following information for Brief Exercises 4-34 and 4-35: Sanjay Company manufactures a

Brief Exercises 4-35 (Appendix 4B) Sequential Method

Refer to the information for Sanjay Company on the previous page. Now assume that Sanjay uses the sequential method to allocate support department costs. S1 is allocated first, then S2.

Required:

  1. 1. Calculate the cost assignment ratios to be used under the sequential method for S2, Assembly, and Painting. Carry out your answers to four decimal places.
  2. 2. Allocate the overhead costs to the producing departments by using the sequential method.

1.

To determine

Computecost assignment ratios for S2 under sequential method.

Explanation

Sequential Method:

Sequential method recognizes that there is possible interaction between the support departments. However, it does notaccount for such interaction in full which makes it more accurate as compared to the direct method.

Use the following formula to calculatecost assignment ratios for S1 on the basis of number of square footage:

S2:

S2=Number of square footage​ in S2Total square footage 

Substitute 500 for number of square footage in S2 and 3,000 for total square footage in the above formula.

S2=500 square footage3,000 square footage=0.1667

Therefore, the cost assignment ratio for S2 is 0.1667.

Assembly department:

Assembly=Number of square footage​ in cuttingTotal square footage 

Substitute 1,875 for number ofsquare footage in assembly and 3,000 for total square footage in the above formula.

Assembly=1,875 square footage3,000 square footage=0.6250

Therefore, the cost assignment ratio for assembly department is 0.6250.

Painting department:

Painting=Number of square footage​ in sewingTotal square footage​

Substitute 625 for number ofsquare footage in assembly and 3,000 for total square footage in the above formula.

Painting=625 square footage3,000​ square footage=0.2083

Therefore, the cost assignment ratio for painting department is 0.2083.

Use the following formula to calculate cost assignment ratios for Department S2 on the basis of number of machine hours:

Assembly department:

Assembly=Number of machine hours of assemblyTotal machine hours of producing departments

Substitute 3,200 for number of machine hoursofassembly and 16,000 for total machine hours of producing department in the above formula.

Assembly= 3,200 hours16,000 hours=0

2.

To determine

Allocate the support department costs to the producing departments by using the sequential method:

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