Question
Use the following information: Department Cost Percentage Service Provided to S1 S2 P1 P2 Service 1 (S1) $ 127,000 0% 30% 30% 40% Service 2
Use the following information:
| Department | Cost | Percentage Service Provided to | |||
|---|---|---|---|---|---|
| S1 | S2 | P1 | P2 | ||
| Service 1 (S1) | $ 127,000 | 0% | 30% | 30% | 40% |
| Service 2 (S2) | 59,000 | 20 | 0 | 20 | 60 |
| Production 1 (P1) | 495,000 | ||||
| Production 2 (P2) | 366,000 | ||||
| Total | $ 1,047,000 | ||||
What percentage of S1s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.)
What percentage of S2s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.)
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
