Woh Che Co. has four departments: materials, personnel, manufacturing, and packaging. In a recent month,...
90.2K
Verified Solution
Link Copied!
Question
Accounting
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 $84,500 Number of employees 70,000 Square feet occupied 32,500 Value of assets in use $187,000 Departmental data for the company's recent reporting period follow. Asset Values Department Materials Personnel Manufacturing Packaging Total Employees Square Feet 40 10 84 39,000 19,500 107,250 29,250 195,000 $12,000 1,600 47,200 19,200 $80,000 200 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. Percent of Allocation Base Cost to be Allocated Allocated Cost Supervision expenses Department Allocation Base Numerator | Denominator | % of Total Materials Personnel Manufacturing Packaging 0 Totals Utilities Department Allocation Base Percent of Allocation Base Cost to be AllocatedAllocated Cost Numerator Denominator | % of Total Materials Personnel Manufacturing Packaging Totals Insurance Department Allocation Base Percent of Allocation Base Cost to be Allocated Allocated Cost Numerator Denominator | % of Total Materials Personnel Manufacturing Packaging 0 Totals Prepare a summary table that reports the indirect expenses assigned to each of the four departments Supervision UtilitiesInsurance Total Materials Personnel Manufacturing Packaging Totals > 0
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!