Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the cumulative customer-level operating income as a percentage of customer level operating income for the top 4 most profitable (operating income) customers? A)

image text in transcribed
image text in transcribed
What is the cumulative customer-level operating income as a percentage of customer level operating income for the top 4 most profitable (operating income) customers? A) 17.4% B) 89.7% C) 85.0% D) 79.1% 12) The method that allocates costs in each cost pool using the same rate per unit is known as the A) incremental cost-allocation method B) reciprocal cost-allocation method C) single-rate cost allocation method D) dual-rate cost-allocation method 13) Which of the following departments would not be considered a service or support department? A) assembly B) information systems. C) shipping D) plant maintenance: 14) When using the dual-rate method, the fixed cost allocation is based on A) actual rate B) budgeted usage C) incremental cost allocation D) prime cost allocation 15) Which of the following describes reciprocal support? A) the accounting department provides services to production B) molding provides services to production and accounting provides services to both molding and production C) assembling department provides services to three other departments D) the materials management department provides support to all departments including the production. control department which also provides services to the materials management department 16) The method that allocates each department's budgeted costs to operating departments only is called A) direct method B) step-down method C) reciprocal method D) sequential method 17) The reciprocal allocation method A) is the most widely used because of its simplicity B) requires the ranking of support departments in the order that the allocation is to proceed C) fully incorporates interdepartmental relationships into the support-department cost allocations D) allocates support-department costs to other support departments and to operating departments in a sequential manner that partially recognizes the mutual services provided among all support departments 18) Hanung Corp has two service departments, Maintenance and Personnel. Maintenance Department costs of $360,000 are allocated on the basis of budgeted maintenance-hours. Personnel Department costs of $110,000 are allocated based on the number of employees. The costs of operating departments A and B are $188,000 and $282,000, respectively. Data on budgeted maintenance-hours and number of employees are as follows: Using the direct method, what amount of Maintenance Department costs will be allocated to Department B? (Do not round any intermediary calculations.) A) $100,398 B) $128,168 C) $87,742 D) $167,330

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Financial Accounting An Integrated Statements Approach

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

2nd Edition

324312113, 978-0324312119

More Books

Students also viewed these Accounting questions

Question

Th eir solution was to give me a long-distance number to call.

Answered: 1 week ago