Please answer question correctly, will give thumbs up and a good view!! Thank you!! ...

90.2K

Verified Solution

Question

Accounting

image

image

image

Please answer question correctly, will give thumbs up and a good view!! Thank you!!

3 Exercise 22-5 Departmental expense allocations LO P2 4.5 points 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. eBook Indirect Expense Supervision Utilities Insurance Total Cost Allocation Base $ 84,500 Number of employees 70,000 square feet occupied 32,500 Value of assets in use $187,000 Hint Print Departmental data for the company's recent reporting period follow. Department Materials Personnel Manufacturing Packaging Total Employees 40 10 84 66 200 Square Feet 39,000 19,500 107,250 29, 250 195,000 Asset Values $12,000 1,600 47,200 19,200 $80,000 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. 3 Allocation Base Percent of Allocation Base Cost to be Allocated Allocated Cost Supervision expenses Department Materials Numerator Denominator % of Total 4.5 points Personnel Manufacturing Packaging eBook Totals Hint Utilities Allocation Base Percent of Allocation Base Cost to be Allocated Allocated Cost Print Numerator Denominator % of Total Department Materials Personnel Manufacturing Packaging Totals Insurance Allocation Base Percent of Allocation Base Cost to be Allocated Allocated Cost Numerator Denominator % of Total Department Materials Personnel Manufacturing Packaging Totals 3 Departmental data for the company's recent reporting period follow. 4.5 points Department Materials Personnel Manufacturing Packaging Total Employees 40 10 84 66 200 Square Feet 39,000 19,500 107,250 29, 250 195,000 Asset Values $12,000 1,600 47,200 19,200 $80,000 eBook Hint 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. Print 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 Materials Personnel Manufacturing Packaging Totals

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students