Chapter 7 Cengage assignment due eBook 1. BEX.07.05.ALGO Reciprocal Method of Support Department Cost Allocation Chekov Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly. 2. BEX.07.07.ALGO 3. BEX.07.08.ALGO Support Departments Producing Departments 4. BEX.07.09.ALGO Human General Resources Factory Fabricating Assembly 5. BEX.07.10.ALGO . Direct costs $160,000 $360,000 $114,800 $95,000 6. BEX.07.11.ALGO Normal activity: Number of employees 60 45 80 7. EX.07.22.ALGO Square footage 1,500 6,000 14,000 8. EX.07.25.ALGO The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. 9. EX.07.26.ALGO Now assume that Chekov Company uses the reciprocal method to allocate support department costs. 10. PR.07.32.ALGO Required: 11. PR.07.34.ALGO 1. Calculate the allocation ratios (rounded to four significant digits) for the four departments using the reciprocal method. If an amount is zero, enter "0". Use the rounded values for subsequent calculations. Proportion of Driver Used by Human Resources General Factory Fabricating Assembly UDRA Check My Work 4 more Check My Work uses remaining. Next Progress: 1/11 items Assignment Score: 0.0% Save and Exit Submit Assignment for Grading Chapter 7 Cengage assignment due eBook Human Resources 1. BEX.07.05.ALGO General Factory 2. BEX.07.07.ALGO 2. Develop a simultaneous equations system of total costs for the support departments. If required, round your answers to four decimal places. Use these numbers for subsequent calculations. If required, round all other intermediate calculations to six decimal places, except the answers computed in requirement 1. 3. BEX.07.08.ALGO Human Resources (HR) = + (GF) 4. BEX.07.09.ALGO General Factory (GF) + (HR) 5. BEX.07.10.ALGO Solve for the total reciprocated costs of each support department. (Round reciprocated total costs to the nearest dollar.) 6. BEX.07.11.ALGO Human Resources (HR) 7. EX.07.22.ALGO General Factory (GF) 8. EX.07.25.ALGO 3. Using the reciprocal method, allocate the costs of the Human Resources and General Factory departments to the Fabricating and Assembly departments. Round all allocated costs to the nearest dollar. If an amount is zero, enter "0". Note: There may be a "$ 1" difference due to intermediate rounding. 9. EX.07.26.ALGO Support Departments Producing Departments 10. PR.07.32.ALGO Human Resources General Factory Fabricating Assembly Direct costs 11. PR.07.34.ALGO Allocate: Human Resources General Factory Total after allocation Check My Work 4 more Check My Work uses remaining. Next Progress: 1/11 items Assignment Score: 0.0% Save and Exit Submit Assignment for Grading Chapter 7 Cengage assignment due eBook 1. BEX.07.05.ALGO Reciprocal Method of Support Department Cost Allocation Chekov Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly. 2. BEX.07.07.ALGO 3. BEX.07.08.ALGO Support Departments Producing Departments 4. BEX.07.09.ALGO Human General Resources Factory Fabricating Assembly 5. BEX.07.10.ALGO . Direct costs $160,000 $360,000 $114,800 $95,000 6. BEX.07.11.ALGO Normal activity: Number of employees 60 45 80 7. EX.07.22.ALGO Square footage 1,500 6,000 14,000 8. EX.07.25.ALGO The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. 9. EX.07.26.ALGO Now assume that Chekov Company uses the reciprocal method to allocate support department costs. 10. PR.07.32.ALGO Required: 11. PR.07.34.ALGO 1. Calculate the allocation ratios (rounded to four significant digits) for the four departments using the reciprocal method. If an amount is zero, enter "0". Use the rounded values for subsequent calculations. Proportion of Driver Used by Human Resources General Factory Fabricating Assembly UDRA Check My Work 4 more Check My Work uses remaining. Next Progress: 1/11 items Assignment Score: 0.0% Save and Exit Submit Assignment for Grading Chapter 7 Cengage assignment due eBook Human Resources 1. BEX.07.05.ALGO General Factory 2. BEX.07.07.ALGO 2. Develop a simultaneous equations system of total costs for the support departments. If required, round your answers to four decimal places. Use these numbers for subsequent calculations. If required, round all other intermediate calculations to six decimal places, except the answers computed in requirement 1. 3. BEX.07.08.ALGO Human Resources (HR) = + (GF) 4. BEX.07.09.ALGO General Factory (GF) + (HR) 5. BEX.07.10.ALGO Solve for the total reciprocated costs of each support department. (Round reciprocated total costs to the nearest dollar.) 6. BEX.07.11.ALGO Human Resources (HR) 7. EX.07.22.ALGO General Factory (GF) 8. EX.07.25.ALGO 3. Using the reciprocal method, allocate the costs of the Human Resources and General Factory departments to the Fabricating and Assembly departments. Round all allocated costs to the nearest dollar. If an amount is zero, enter "0". Note: There may be a "$ 1" difference due to intermediate rounding. 9. EX.07.26.ALGO Support Departments Producing Departments 10. PR.07.32.ALGO Human Resources General Factory Fabricating Assembly Direct costs 11. PR.07.34.ALGO Allocate: Human Resources General Factory Total after allocation Check My Work 4 more Check My Work uses remaining. Next Progress: 1/11 items Assignment Score: 0.0% Save and Exit Submit Assignment for Grading