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s.) Harris Company uses a job-order costing system to compute product costs. There are two producing departments (P1 and P2) and two support departments (
s.) Harris Company uses a job-order costing system to compute product costs. There are two producing departments (P1 and P2) and two support departments ( S1 and S2 ). The costs incurred in S1 and S2 are allocated to Departments A and B and included in their factory overhead rates for costing products. S1 costs are allocated based on the number of employees, S2 costs are allocated based on direct labor hours, and the production departmental overhead rates are also based on direct labor hours. The following data are available for a recent period: Harris uses the sequential method to allocate support departments costs based on highest costs to lowest costs. Allocate the support departments. Round all % to 4 decimal places. Round allocated costs to the nearest dollar. After all Allocations are complete, what is the total cost in each of the Producing Departments? Show ALL your work to receive full credit for a correct answer. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
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