Question
[The following information applies to the questions displayed below.] The following information is departmental cost allocation with two service departments and two production departments. Percentage
[The following information applies to the questions displayed below.]
The following information is departmental cost allocation with two service departments and two production departments.
Percentage Service Provided to
Department Cost S1 S2 P1 P2 Service 1 (S1) $ 31,000 0 % 20 % 40 % 40 % Service 2 (S2) 21,000 25 0 30 45 Production 1 (P1) 110,000 Production 2 (P2) 160,000
Brief Exercise 7-13 [LO 7-3]
What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1 and P2 using the step method with S1 going first?
P1 P2 service department production department
[The following information applies to the questions displayed below.]
The following information is departmental cost allocation with two service departments and two production departments.
| Percentage Service Provided to | |||||||||||||||
| Department | Cost | S1 | S2 | P1 | P2 | ||||||||||
| Service 1 (S1) | $ | 31,000 | 0 | % | 20 | % | 40 | % | 40 | % | |||||
| Service 2 (S2) | 21,000 | 25 | 0 | 30 | 45 | ||||||||||
| Production 1 (P1) | 110,000 | ||||||||||||||
| Production 2 (P2) | 160,000 | ||||||||||||||
| | |||||||||||||||
Brief Exercise 7-13 [LO 7-3]
What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1 and P2 using the step method with S1 going first?
| P1 | P2 | |
| service department | ||
| production department |
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Federal Tax Accounting 2022
Authors: Frank L. Brunetti
1st Edition
080805631X, 9780808056317
