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Please answer the required for 11-35, 11-36, and 11-37. I am aware of chegg's policy but I cannot post 3 questions seperately as the answers
Please answer the required for 11-35, 11-36, and 11-37. I am aware of chegg's policy but I cannot post 3 questions seperately as the answers depend on information of the previous question. Also please post answers manually typed or in a copyable format thank you!
(LO 11-2) 11-35. Cost Allocation: Direct Method Bens Corporation has three service departments (Repairs, HR, and IT) and two production depart- ments (M1 and M2). The following usage data for each of the service departments for the previous period follow. Repairs HR IT M1 0% Repairs.... HR.. IT... 0% 20% M2 60% 35% 70% 40% 35% 20% 10% 0% ! 10% The direct costs of the service departments in the previous period were $20,000 for Repairs, $39,600 for HR, and $45,000 for IT. Required Use the direct method to allocate the service department costs to the production departments. (LO 11-3) 11-36. Cost Allocation: Step Method Refer to the data for Bens Corporation in Exercise 11-35. Required Use the step method to allocate the service department costs to the production departments. Allocate HR costs first, followed by IT, and then Repairs. (LO 11-4) 11-37. Cost Allocation: Reciprocal Method Refer to the data for Bens Corporation in Exercise 11-35. Required Use the reciprocal method to allocate the service department costs to the production departments. (Matrix algebra is not required.)Step by Step Solution
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