Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gemini Inc. operates a goods store that caters for government, private individuals, and organizations. The company has three service departments and two operating departments. Data

Gemini Inc. operates a goods store that caters for government, private individuals, and organizations. The company has three service departments and two operating departments. Data on the five departments are presented below:
Service Departments
Operating Departments
Human Resources
Information Systems
Security
Corporate Sales
Consumer Sales
Total
Overhead costs
$80,000
$60,000
$32,000
$246,000
$484,000
$902,000
No. of employees
_
21
10
42
28
101
Processing time (in minutes)
320
_
325
1920
1600
4,165
Sq. ft. of Space Occupied
2,000
9,000
_
14,000
56,000
81,000
The allocation base for Human Resources is the number of employees. Information systems allocation base is processing time. And square feet of space occupied is the allocation base for Security. Costs are apportioned using the Step-down Method.
What are the Total Costs after Apportionment for the Corporate Sales and Consumer Sales departments?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Concepts And Applications

Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain

10th Edition

0324376154, 978-0324376159

More Books

Students also viewed these Accounting questions

Question

Identify common inherent risks associated with debt obligations.

Answered: 1 week ago

Question

=+b) What is the minimin choice?

Answered: 1 week ago

Question

Do you talk about them as if they are giving you gifts?

Answered: 1 week ago

Question

What is your organizations mind-set about complaints?

Answered: 1 week ago