Question
Overhead expenses of the support departments are allocated to the producing departments using the sequential method, with the higher dollar support department being allocated first.
Overhead expenses of the support departments are allocated to the producing departments using the sequential method, with the higher dollar support department being allocated first. Janitorial services are allocated based on Calculate the allocation and record the journal entry. Round all dollars allocated to the nearest cent and all percentages to 4 decimal places.square footage of each department, and Maintenance services are split equally.
| Producing Departments | Service Departments | ||||||
| Cutting | Tooling | Assembly | Janitorial | Maintenance | Total | ||
| Supplies | $450.00 | $300.00 | $280.00 | $175.00 | $295.00 | $1,500.00 | |
| Indirect Labor | $2,000.00 | $2,000.00 | $2,000.00 | $3,000.00 | $5,000.00 | $14,000.00 | |
| Payroll Taxes | $1,324.39 | $621.65 | $4,648.86 | $229.50 | $1,082.50 | $7,906.90 | |
| Miscellaneous | $3,000.00 | $2,750.00 | $2,500.00 | $750.00 | $1,000.00 | $10,000.00 | |
| Depreciation | $863.00 | $1,190.00 | $600.00 | $180.00 | $150.00 | $2,983.00 | |
| Insurance | $1,805.00 | $892.00 | $1,425.00 | $125.00 | $100.00 | $4,347.00 | |
| $9,442.39 | $7,753.65 | $11,453.86 | $4,459.50 | $7,627.50 | $40,736.90 | ||
| check figure | |||||||
| square feet | 7,530 | 5,000 | 10,000 | 1,000 | 2,000 | 25530 | |
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The Financial Times Essential Guide To Budgeting And Forecasting How To Deliver Accurate Numbers
Authors: Nigel Wyatt
1st Edition
0273768131, 9780273768135
