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Need help on formulas Using the rounded amounts from the support cost allocation table (previous task), complete the following table to allocate the production department
Need help on formulas
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 Board Feet | Weight Factor | Weighted Thous. Bd. Ft. | Weighted % of Board Feet | Final Department Costs | Cost Allocation to Product Line | ||||
Log Yard: | |||||||||
Hardwood | % | $ | $ | ||||||
Softwood | |||||||||
Total Log Yard | % | $ | |||||||
Milling: | |||||||||
Hardwood | % | $ | $ | ||||||
Softwood | |||||||||
Total Milling | % | $ | |||||||
Drying: | |||||||||
Hardwood | % | $ | $ | ||||||
Softwood | |||||||||
Total Drying | % | $ | |||||||
Packaging: | |||||||||
Hardwood | % | $ | $ | ||||||
Softwood | |||||||||
Total Packaging | % | $ |
Forest Land earns revenue of $100,000 from selling its by-products, wood shavings and saw dust. Allocate the revenue to each product line in the following table and determine the final cost per product line.
Thousand Board Feet | Percentage of Board Feet | By-product Revenue | Portion of By- 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 | $ | $ |
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