hsl.2 Robinson Products Company has two service departments (S1 and S2) and twoproduction departments (P1 and P2). The distribution of each service department'sefforts (in percentages) to the other departments is:FromS1S2S1S1S2P1P220%$ 170,00068,00054,000140,000ToS2P120% 30%?The direct operating costs of the departments (including both variable and fixed costs)are:P2?%Required 1 Required 240Required: Determine the total cost (including direct operating costs) of P1 and P2 usingthe:1. Direct method.2. Step method.3. Reciprocal method.Production department 1Production department 2Complete this question by entering your answers in the tabs below.Required 3Determine the total cost of P1 and P2 using the direct method. (Do not round intermediateTotal CostAllocated

Direct cost meaning:- The costs a business directly incurs to produce a good or provide a service,…

oduction departments orts (in percentages) From 51 52 S1 (P1 and P2). The distribution of each servic to the other departments is: 20% To S2 P1 20% 30% ? P2 ?% 40 e direct operating costs of the departments (including both variat e:

oduction departments orts (in percentages) From 51 52 S1 (P1 and P2). The distribution of each servic to the other departments is: 20% To S2 P1 20% 30% ? P2 ?% 40 e direct operating costs of the departments (including both variat e:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department’s efforts (in percentages) to the other departments is: From To S1 S2 P1 P2 S1 — 20 % 30 % ? % S2 20 % — ? 40 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $ 220,000 S2 74,000 P1 61,000 P2 175,000 Required: 1. Determine the total cost of P1 and P2 using the direct method. 2. Determine the total cost of P1 and P2 using the step method. 3. Determine the total cost of P1 and P2 using the reciprocal method.
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department’s efforts (in percentages) to the other departments is: From To S1 S2 P1 P2 S1 — 20 % 30 % ? % S2 20 % — ? 40 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $ 255,000 S2 85,000 P1 66,000 P2 200,000 Required: 3. Determine the total cost of P1 and P2 using the reciprocal method.
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department’s efforts (in percentages) to the other departments is: From To S1 S2 P1 P2 S1 — 20 % 30 % ? % S2 20 % — ? 40 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $ 255,000 S2 85,000 P1 66,000 P2 200,000 3. Determine the total cost of P1 and P2 using the reciprocal method.
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department’s efforts (in percentages) to the other departments is: From To S1 S2 P1 P2 S1 — 20 % 30 % ? % S2 20 % — ? 40 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $ 255,000 S2 85,000 P1 66,000 P2 200,000 Required: 1. Determine the total cost of P1 and P2 using the direct method. 2. Determine the total cost of P1 and P2 using the step method.
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department’s efforts (in percentages) to the other departments is: From To S1 S2 P1 P2 S1 — 20% 30% ?% S2 20% — ? 40 The direct operating costs of the departments (including both variable and fixed costs) are: S1 $ 255,000 S2 85,000 P1 69,000 P2 215,000 Required: 1. Determine the total cost of P1 and P2 using the direct method. 2. Determine the total cost of P1 and P2 using the step method. 3. Determine the total cost of P1 and P2 using the reciprocal method. QUESTION 2. Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $185,000: Product Units Produced and Sold After Split-Off Total Separable Costs Total Final Sales Value M 16,500 $ 14,300 $ 225,000 N 10,500 15,800 205,000 T 11,500 7,900 38,000 Required:…
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other departments is: Fron s1 52 The direct operating costs of the departments (including both variable and fixed costs) are: s1 20% s1 52 PL P2 To $ 170,000 68,000 54,000 140,000 52 P1 20% 30% 2 P2 2% Production department 1 Production department 2 40 Required: 1. Determine the total cost of P1 and P2 using the direct metholt. 2. Determine the total cost of P1 and P2 using the step method. 3. Determine the total cost of P1 and P2 using the reciprocal method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.) Total Cost Allocated
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other departments is: From S1 S2 S1 S2 To P1 10% 20% ? 10% S1 S2 P1 P2 – P2 $225,000 75,000 62,000 180,000 ?% The direct operating costs of the departments (including both variable and fixed costs) are: 30 Required: 1. Determine the total cost of P1 and P2 using the direct method. 2. Determine the total cost of P1 and P2 using the step method. 3. Determine the total cost of P1 and P2 using the reciprocal method.
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other departments is: From S1 S2 S1 S1 S2 P1 P2 20% S2 20% $ 255,000 85,000 69,000 215,000 To P1 30% ? The direct operating costs of the departments (including both variable and fixed costs) are: P2 Required 1 Required 2 ? % Production department 1 Production department 2 40 Required: 1. Determine the total cost of P1 and P2 using the direct method. 2. Determine the total cost of P1 and P2 using the step method. 3. Determine the total cost of P1 and P2 using the reciprocal method. Complete this question by entering your answers in the tabs below. Required 3 Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.) Total Cost Allocated
ed Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other departments is: From S1 52 $1 S1 S2 P1 P2 20% $2 20% $ 220,000 74,000 61,000 175,000 To P1 30% ? The direct operating costs of the departments (including both variable and fixed costs) are: Required 1 Required 2 P2 Production department 1 Production department 2 ?% Required: 1. Determine the total cost of P1 and P2 using the direct method. 2. Determine the total cost of P1 and P2 using the step method. 3. Determine the total cost of P1 and P2 using the reciprocal method. 40 Complete this question by entering your answers in the tabs below. $ $ Determine the total cost of P1 and P2 using the reciprocal method. (Do not round intermediate calculations. Round your final answers to whole dollars.) Required 3 Total Cost Allocated 183,548 346,458 < Required 2
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other departments is: From S1 S2 S1 S2 S1 P1 P2 - 10% S2 10% - To P1 20% ? The direct operating costs of the departments (including both variable and fixed costs) are: $ 180,000 60,000 50,000 120,000 P2 Required 1 Required 2 ?% Production department 1 Production department 2 30 Required: 1. Determine the total cost of P1 and P2 using the direct method. 2. Determine the total cost of P1 and P2 using the step method. 3. Determine the total cost of P1 and P2 using the reciprocal method. Complete this question by entering your answers in the tabs below. Required 3 Determine the total cost of P1 and P2 using the step method. (Do not round intermediate calculations.) Total Cost Allocated
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other departments is: From S1 S2 S1 S1 S2 P1 P2 10% To S2 10% Required 1 P1 20% ? The direct operating costs of the departments (including both variable and fixed costs) are: $ 180,000 69,000 56,000 150,000 P2 Required 2 7% Required: 1. Determine the total cost of P1 and P2 using the direct method. 2. Determine the total cost of P1 and P2 using the step method. 3. Determine the total cost of P1 and P2 using the reciprocal method. Production department 1 Production department 2 30 Complete this question by entering your answers in the tabs below. Required 3 Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.) Total Cost Allocated Required 1 Required 2 >
Robinson Products Company has two service departments (S1 and S2) and two production departments (P1 and P2). The distribution of each service department's efforts (in percentages) to the other departments is: From 51 52 $1 $2 51 20% P1 P2 To $2 P1 20% $ 175,000. 65,000 52,000 130,000 30% 7 The direct operating costs of the departments (including both variable and fixed costs) are: P2 7% 40 Production department 1 Production department 2 Required: 1. Determine the total cost of P1 and P2 using the direct method. 2. Determine the total cost of P1 and P2 using the step method. 3. Determine the total cost of P1 and P2 using the reciprocal method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total cost of P1 and P2 using the direct method. (Do not round intermediate calculations.) Total Cost Allocated ………………………