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er departments to which its costs are to be allocated. Complete the intenance Hours Worked Usage Percent 10,692 12 % 8,910 10 28,512 32 23,166 26 17,820 20 89,100 100 % inistration of Employees Usage Percent 8 16 % 12 12 24 16 32 16 50 100 % elow, create the formulas that will simultaneously allocate support among the departments. "M" represents Maintenance and "A" istration. + 16% A + 12 0 M ons, If required round any decimal to three places in your computations. 83 would be rounded to .018. Round your final answer to the nearest table to allocate the support cost departments. Round allocated earest whole dollar. If an amount is zero, enter "O". Support Departments Production Departments Maintenance Administration Log Yard Milling Drying Packaging 11,825 d amounts from the support cost allocation table (previous task), owing table to allocate the production department costs to each product ated amounts to the nearest whole dollar. Thousand Weight Weighted Weighted % of Final Department Cost Allocation Board Feet Factor Thous. Bd. Ft. Board Feet Costs to Product Line % $ 2 .8=16 1 .. e E} (D v2.cengagenow.com [Ii ForestLand Wood Products manufactures lumber and wood components. The company has two main product lines: Hardwood and Softwood. Hardwoods are used for flooring, cabinetry, paneling, doors and trimwork. Softwoods are used for wall studs, joists, planks, rafters, beams, stringers, posts, decking, subflooring and concrete forms. ForestLand also sells a by-product, wood shavings and saw dust. Shavings are purchased for farm and industrial use as well as for further processing into wood pellets and fiber board. The revenue is allocated to each product line based on the percentage 0 of thousand board feet produced by the product line. Your accounting firm has been retained by ForestLand for three years. You have been assigned to properly allocate support department costs. Your manager wants the allocation to be as accurate as possible and has instructed you to use the reciprocal services method. She reminds you that revenue from byproducts are used to offset costs. You begin your research and learn that there are four production departments: log yard, milling, drying, and packaging. The Hardwood line produces 300 thousand board feet of product while the Softwood produces 900 thousand board feet. The milling department direct costs, direct labor and overhead per thousand board feet for Hardwood is two times that of Softwood. You have been instructed to use the weighted average method to allocate the costs in the milling department between the two product lines. The remaining department costs are the same for both product lines, per thousand board feet. There are two support departments: maintenance and administration. The maintenance department is responsible for maintaining all equipment and janitorial duties. Because the equipment is used more extensively for hardwoods, the department cost driver is hours worked. The administration department includes the company president and his staff. Their duties include accounting, human resources, and information technology. The cost driver for the administration department is number of employees. In your first step, you determine the costs traced to each department and the usage of the support department cost drivers. You have created the following table: Malnhenanoe Administration Log Yard Mllllng Drying Packaging Hours worked 11,325 10,692 8,910 23,512 23,166 17,820 Number of employees 8 5 5 12 16 8 Department costs $176,000 $216,275 $309,940 $747,000 $433,160 $224,000 Your next step is to determine the proportional usage of each support department's cost driver by the other departments to which its costs are to be allocated. Complete the following tables. Maintenance Department Hours Worked Llnge Pure-n! Administration E [:1 % W... [W [ Totals 89,100 . IDDJ % Administration Department it of Employees Usage Percent MIIRKEIIII'ICE a 16 \"/0 e + E) Use the following table to allocate the support cost departments. Round allocated ? amounts to the nearest whole dollar. If an amount is zero, enter "O". Support Departments Production Depart Maintenance Administration Log Yard Milling Dry Hours worked 11,825 Number of employees Department cost Maintenance Administration Final department costs Using the rounded amounts from the support cost allocation table (previous task), complete the following table to allocate the production department costs to each p line. Round allocated amounts to the nearest whole dollar. Thousand Weight Weighted Weighted % of Final Board Feet Factor Thous. Bd. Ft. Board Feet Log Yard: Hardwood % Softwood Total Log Yard % Milling: Hardwood % Softwood Total Milling % Drying: Hardwood % X Softwood Total Drying % Packaging: Hardwood % Softwood Total Packaging % Forest Land earns revenue of $100,000 from selling its by-products, wood shaving saw dust. Allocate the revenue to each product line in the following table and dete the final cost per product line. Thousand Percentage of By-product Portion of By- Board Feet Board Feet Revenue product Revenue Hardwood $100,000 Softwood 100,000 Total Cost per Product Line Hardwood Softwood Log Yard Milling Drying Packaging Subtotal Portion of By-product revenue Total cost per product line 2 . . .Your next step is to determine the proportional usage of each support department's cost ? driver by the other departments to which its costs are to be allocated. Complete the following tables. Maintenance Department Hours Worked Usage Percent Administration 10,692 12 % Log Yard 8,910 10 Milling 28,512 32 Drying 23,166 26 Packaging 17,820 20 Totals 89,100 100 % Administration Department # of Employees Usage Percent Maintenance 16 % Log Yard 12 Milling 12 24 Drying 16 32 Packaging 16 Totals 50 100 % Using the cells below, create the formulas that will simultaneously allocate support department costs among the departments. "M" represents Maintenance and "A" represents Administration. M = $ 176,000 + ( 16 % A A = $ 216,275 + 12 % M Solve the equations, If required round any decimal to three places in your computations. For example, .0183 would be rounded to .018. Round your final answer to the nearest dollar. M = $ A = $ Use the following table to allocate the support cost departments. Round allocated amounts to the nearest whole dollar. If an amount is zero, enter "0". Support Departments Production Departments Maintenance Administration Log Yard Milling Drying Hours worked 11,825 Number of employees Department cost Maintenance Administration Final department costs Using the rounded amounts from the support cost allocation table (previous task), complete the following table to allocate the production department costs to each product line. Round allocated amounts to the nearest whole dollar. Thousand Weight Weighted Weighted % of Final Departme Board Feet Factor Thous. Bd. Ft. Board Feet Costs Log Yard: Hardwood Softwood 28:17 1 v2.cengagenow.com table to allocate the support cost departments. Round allocated earest whole dollar. If an amount is zero, enter "O". Support Departments Production Departments Maintenance Administration Log Yard Milling Drying Packaging 11,825 d amounts from the support cost allocation table (previous task), owing table to allocate the production department costs to each product ated amounts to the nearest whole dollar. Thousand Weight Weighted Weighted % of Final Department Cost Allocation Board Feet Factor Thous. Bd. Ft. Board Feet Cost to Product Line % $ % X $ s revenue of $100,000 from selling its by-products, wood shavings and e the revenue to each product line in the following table and determine product line. Percentage of By-product Portion of By- eet Board Feet Revenue product Revenue $100,000 100,000 Cost per Product Line Hardwood Softwood nue Previous Next + 2