Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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 $ 83,100 Number of employees 56,000 square feet occupied 25,500 Value of assets in use $164,600 Departmental data for the company's recent reporting period follow. Employees Department Materials Personnel Manufacturing Packaging Total 17 68 51 170 Square Feet 32,000 16,000 88,000 24,000 160,000 Asset Values $13,200 1,980 34,980 15,840 $66,000 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. Cost to be Allocated Allocated Cost Allocation Base Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 0 0 0 Supervision expenses Department Materials Personnel Manufacturing Packaging Totals Utilities Department Materials Personnel Manufacturing Packaging Totals Allocation Base Cost to be Allocated Allocated us! Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 0 0 0 netinha Alinnata Allstadner Alistinn Rae Darrant ni Alination Ren ineren Prev 1 of 1 . Next 0 0 0 Allocation Base Percent of Allocation Base Cost to be Allocated Allocated Cost Numerator Denominator % of Total Packaging Totals Utilities Department Materials Personnel Manufacturing Packaging Totals 0 0 0 0 0 0 0 Insurance Allocation Base Cost to be Allocated Allocated Cost Percent of Allocation Base Num or Denominator % of Total 0 0 Department Materials Personnel Manufacturing Packaging Totals 0 0 0 0 0 Required Required 2 > Prey 1 of BBB SA Next Required 1 Required 2 Prepare a summary table that reports the indirect expenses assigned to each of the four departments. Supervision Utilities Insurance Total $ OC 0 Materials Personnel Manufacturing Packaging Totals 0 0 $ $ 0 $ 0 S 0

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

Excise Tax Ozone Depleting Chemicals IRS Audit Techniques Guide

Authors: Internal Revenue Service

1st Edition

1304114279, 978-1304114273

More Books

Students also viewed these Accounting questions