Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Noh Che Co. has four departments: Materials, Personnel, Manufacturing, and Packaging. In a recent month, the four departments ncurred three shared indirect expenses. The amounts
Noh Che Co. has four departments: Materials, Personnel, Manufacturing, and Packaging. In a recent month, the four departments ncurred three shared indirect expenses. The amounts of these indirect expenses and the bases used to allocate them follow. Indirect Expense Supervision Utilities Insurance Cost Allocation Base $ 83,300 Number of employees 58,000 square feet occupied 26,500 Value of assets in use $167,800 Total Departmental data for the company's recent reporting period follow. Department Materials Personnel Manufacturing Packaging Total Employees 38 19 76 57 190 Square Feet 54,000 18,000 81,000 27,000 180,000 Asset Values $ 6,800 3,400 37,400 20,400 $68,000 1. Use this information to allocate each of the three indirect expenses across the four departments. 2. Prepare a summary table that reports the indirect expenses assigned to each of the four departments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use this information to allocate each of the three indirect expenses across the four departments. Use this information to allocate each of the three indirect expenses across the four departments. Supervision expenses Allocation Base Cost to be Allocated Allocated Cost Percent of Allocation Base Numerator Denominator % of Total Department Materials 0 Personnel 0 0 0 Manufacturing Packaging Totals 0 0 0 Utilities Allocation Base Cost to be Allocated Allocated Cost Percent of Allocation Base Numerator Denominator % of Total Department Materials 0 Personnel 0 Manufacturing 0 0 Packaging 0 0 Totals 0 Insurance Allocation Base Cost to be Allocated Allocated Cost Percent of Allocation Base Numerator Denominator % of Total Department Materials 0 0 Personnel Manufacturing Packaging 0 0 0 0 Totals 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a summary table that reports the indirect expenses assigned to each of the four departments. Supervision Utilities Insurance Total Materials $ 0 0 0 Personnel Manufacturing Packaging Totals 0 $ 0 $ 0 $ 0 $ 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started