Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

these two images are part of the same question. i know the honor code that chegg has. please help by filling out the charts and

image text in transcribedimage text in transcribedthese two images are part of the same question. i know the honor code that chegg has. please help by filling out the charts and explaining whats going on.

thank you

Exercise 24-5 Departmental expense allocations LO P2 Woh Che Co. has four departments: materials, personnel, manufacturing, and packaging. In a recent month, the four departments incurred three shared indirect expenses. The amounts of these indirect expenses and the bases used to allocate them follow. Indirect Expense Supervision Utilities Insurance Total Cost Allocation Base $ 84,400 Number of employees 69,000 Square feet occupied 32,000 Value of assets in use $ 185,400 Departmental data for the company's recent reporting period follow. Department Materials Personnel Manufacturing Packaging Total Employees 38 19 76 57 190 Square Feet 64,750 9,250 92,500 18,500 185.000 Asset Values $ 7,900 4,740 45,820 20,540 $ 79,000 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. Allocation Base Cost to be Allocated Allocated Cost Supervision expenses Department Materials Percent of Allocation Base Numerator Denominato % of Total 0 0 Personnel Manufacturing 0 0 Packaging 0 0 Totals Utilities Allocation Base Cost to be Allocated Allocated Cost 0 Percent of Allocation Base Numerator Denominato % of Total 0 Department Materials Personnel 0 Manufacturing 0 0 Packaging 0 0 Totals 0 Insurance Allocation Base Cost to be Allocated Allocated Cost Percent of Allocation Base Numerator Denominatot % of Total Department Materials 0 Personnel 0 0 0 Manufacturing Packaging 0 0 Totals 0 Exercise 24-5 Departmental expense allocations LO P2 Woh Che Co. has four departments: materials, personnel, manufacturing, and packaging. In a recent month, the four departments incurred three shared indirect expenses. The amounts of these indirect expenses and the bases used to allocate them follow. Indirect Expense Cost Allocation Base Supervision $ 84,400 Number of employees Utilities 69,000 Square feet occupied Insurance 32,000 Value of assets in use Total $ 185,400 Departmental data for the company's recent reporting period follow. Department Materials Personnel Manufacturing Packaging Total Employees 38 19 76 57 190 Square Feet 64,750 9,250 92,500 18,500 185,000 Asset Values $ 7,900 4,740 45,820 20,540 $ 79,000 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 Prepare a summary table that reports the indirect expenses assigned to each of the four departments. Supervision Utilities Insurance Total $ $ 0 0 Materials Personnel Manufacturing Packaging Totals 0 0 $ 0 $ 0 $ 0 $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions