Tom & Jerry Publishers (TJP) is a publisher for books for children. It has four departments viz. HR, Finance, Printing and Packaging. TJP treats first two as support departments and other two as production departments. The company uses Asset Value as a driver for finance department and employee Head Count as a driver for HR department allocation. Following is the data available with regards to April 20X1. Specifics HR Finance Printing Packaging Asset Value $150,000 $200,000 $1,400,000 $400,000 Head Count 8 15 40 20 Department Costs $250,000 $100,000 $1,500,000 $200,000 Calculate the final costs of all the four departments for the month of April after allocation to Printing and packaging using: (scoring 5+10+10=25) Direct method HR Finance Printing Packaging Department costs 250,000 100,000 1,500,000 200,000 Allocation of HR department costs (40:20) -250,000 Allocation of Financial department costs 100,000 0 0 Sequential method assuming that HR is primary support department Reciprocal method
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- eBook Show Me How Question Content Area Cost Department Allocations In divisional income statements prepared for Demopolis Company, the Payroll Department costs are charged back to user divisions on the basis of the number of payroll distributions, and the Purchasing Department costs are charged back on the basis of the number of purchase requisitions. The Payroll Department had expenses of $48,108, and the Purchasing Department had expenses of $25,080 for the year. The following annual data for Residential, Commercial, and Government Contract divisions were obtained from corporate records: Line Item Description Residential Commercial Government Contract Sales $524,000 $695,000 $1,595,000 Number of employees: Weekly payroll (52 weeks per year) 115 80 85 Monthly payroll 38 49 36 Number of purchase requisitions per year 2,400 1,700 1,600 Required: a. Determine the total amount of payroll checks and purchase requisitions processed per year by the…Gemini Inc. operates a goods store that caters for government, private individuals, and organizations. The company has three service departments and two operating departments. Data on the five departments are presented below. Service Departments Operating Time left 0:23:06 Departments Human Resources Information Security Systems Corporate Consumer Sales Sales Total Overhead costs $81,000 $61,000 $32,000 $242,000 $486,000 $902,000 21 10 40 30 101 325 1820 1700 4,165 No. of employees Processing time (in minutes) 320 Sq. ft. of Space Occupied 2,000 9,000 14,000 56,000 81,000 The allocation base for Human Resources is the number of employees. Information systems allocation base is processing time. And square feet of space occupied is the allocation base for Security. Costs are apportioned using the Step-down Method. What are the Total Costs after Apportionment for the Corporate Sales and Consumer Sales departments? Select one: OA. $322,649 and $579,351 OB. $325,230 and $576,770 OC.…Lucia Company has two service departments: Office and Purchasing. Total expenses for the Office is $24,000 and for Purchasing is $34,000. Expenses for the Office are allocated to operating departments based on sales. Expenses for Purchasing are allocated to operating departments based on purchase orders. Department Books Magazines Newspapers Total Office Department Books Magazines Newspapers Allocate the expenses from (a) the Office and (b) Purchasing to each of the company's three operating departments using the given information. Totals Purchasing Department Books Magazines Newspapers Sales $ 495,000 198,000 207,000 $ 900,000 Totals Purchase Orders Allocation Base 516 360 324 1,200 Allocation Base Percent of Allocation Base Numerator Denominator % of Total Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 0 0 0 0 Cost to be Allocated Cost to be Allocated Allocated Cost Allocated Cost 0 0 0 0
- The following cost data pertain to the operations of Montgomery Department Stores, Incorporated, for the month of July. Corporate legal office salaries Apparel Department cost of sales-Evendale Store Corporate headquarters building lease Store manager's salary-Evendale Store Apparel Department sales commission-Evendale Store Store utilities-Evendale Store Apparel Department manager's salary-Evendale Store Central warehouse lease cost Janitorial costs-Evendale Store $ 56,000 $ 90,000 $ 48,000 $ 12,000 $ 7,000 $ 11,000 $ 8,000 $ 15,000 $ 9,000 The Evendale Store is one of many stores owned and operated by the company. The Apparel Department is one of many departments at the Evendale Store. The central warehouse serves all of the company's stores. Required: 1. What is the total amount of the costs listed above that are direct costs of the Apparel Department? 2. What is the total amount of the costs listed above that are direct costs of the Evendale Store? 3. What is the total amount of…Assume you are the department B manager for Marley's Manufacturing. Marley's operates under a cos based transfer structure. Assume you receive the majority of your raw materials from department A, which sells only to department B (they have no outside sales). The income statement for Marley's Manufacturing is shown below: Marley's Manufacturing Income Statement Month Ending August 31, 2018 Dept. A Dept. B Sales $21,000 $51,000 Cost of goods sold 10,290 27,030 Gross profit $10,710 $23,970 Utility expenses 1,050 3,570 Wages expense 5,250 10,200 Costs allocated from corporate 1,890 15,300 Total expenses $8,190 $29,070 Operating income/(loss) in dollars $2,520 -$5,100 Operating income/(loss) in percentage 12 % -10 % Assume the market price for the items your department purchase is 15% below what you are being charged by department A of Marley's Manufacturing. Determine the operating income for department B, assuming department A "sold" department B 1,000 units during the month and…The accounting department of a large limousine company is analyzing the costs of its services. The cost data and level of activity for the past 16 months follow. Month Special Analyses CustomerAccounts PaychecksProcessed AccountingService Costs 1 2 325 1,029 $ 63,800 2 4 310 993 68,900 3 2 302 1,268 64,000 4 1 213 1,028 61,300 5 2 222 984 61,600 6 0 214 712 50,800 7 1 131 762 51,020 8 1 123 739 54,300 9 0 115 708 50,500 10 2 296 1,232 64,800 11 2 213 978 58,000 12 1 222 929 57,500 13 2 217 1,059 62,200 14 2 132 942 54,900 15 4 300 1,299 71,530 16 4 315 1,283 64,800 Totals 30 3,650 15,945 $ 959,950 In…
- The Ski department reports sales of $605,000 and cost of goods sold of $423,500. Its expenses follow. Direct expenses Indirect expenses Service department expenses Salaries $ 118,000 Rent $ 15,100 Office $ 21,400 Depreciation 44,600 1. For the Ski department only, prepare a departmental income statement.2. & 3. For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated?The following cost data pertain to the operations of Montgomery Department Stores, incorporated, for the month of July Corporate legal office salaries Apparel Department cost of sales-Evendale Store Corporate headquarters building lease Store manager's salary-Evendale Store Apparel Department sales commission-Evendale Store Store utilities-Evendale Store Apparel Department manager's salary-Evendale Store Central warehouse lease cost Janitorial costs-Evendale Store $ 56,000 $ 90,000 $ 48,000 $ 12,000 $ 7,000 $ 11,000 $ 8,000 $ 15,000 $9,000 The Evendale Store is one of many stores owned and operated by the company. The Apparel Department is one of many departments at the Evendale Store. The central warehouse serves all of the company's stores. Required: 1. What is the total amount of the costs listed above that are direct costs of the Apparel Department? 2. What is the total amount of the costs listed above that are direct costs of the Evendale Store? 3. What is the total amount of the…The following cost data pertain to the operations of Ladwig Department Stores, Incorporated, for the month of December. Corporate legal office salaries Shoe Department cost of sales-Brentwood Store Corporate headquarters building lease Store manager's salary-Brentwood Store Shoe Department sales commissions-Brentwood Store Store utilities-Brentwood Store Shoe Department manager's salary-Brentwood Store Central warehouse lease cost Janitorial costs-Brentwood Store $ 68,000 $ 66,000 $ 86,000 $ 10,000 $ 5,000 $ 11,000 $3,000 $ 3,000 $ 11,000 The Brentwood Store is just one of many stores owned and operated by the company. The Shoe Department is one of many departments at the Brentwood Store. The central warehouse serves all of the company's stores. What is the total amount of the costs listed above that are direct costs of the Shoe Department?
- Lucia Company has two service departments: Office and Purchasing. Total expenses for the Office is $25,600 and for Purchasing is $40,900. Expenses for the Office are allocated to operating departments based on sales. Expenses for Purchasing are allocated to operating departments based on purchase orders. Department Books Magazines Newspapers Total Office Department Books Magazines Newspapers Allocate the expenses from (a) the Office and (b) Purchasing to each of the company's three operating departments using the given information. Totals Purchasing Department Books Magazines Newspapers Sales $ 210,700 86,000 133,300 $ 430,000 Totals Allocation Base Purchase Orders Allocation Base 1,620 1,080 900 3,600 Percent of Allocation Base Cost to be Allocated Allocated Cost Numerator Denominator % of Total 0 0 0 0 Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 Cost to be Allocated Allocated CostKaren 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 Allocation Base $ 82,000 Number of employees 59,000 Square feet occupied 27,000 Value of assets in use Cost Supervision Utilities Insurance Total $168,000 Departmental data for the company's recent reporting period follow. Department Materials Employees Square Feet 66,500 9,500 95,000 19,000 Asset Values 58 $10,350 4,140 38,640 15,870 Personnel 8 Manufacturing Packaging 70 64 Total 200 190,000 $69,000 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 Prepare a summary table that reports…Lucia Company has two service departments: Office and Purchasing. Total expenses for the Office is $60,100 and for Purchasing is $43,000. Expenses for the Office are allocated to operating departments based on sales. Expenses for Purchasing are allocated to operating departments based on purchase orders. Purchase Orders 984 648 768 Department Вooks Sales $ 163,800 97,500 128,700 $ 390,000 Magazines Newspapers Total 2,400 Allocate the expenses from (a) the Office and (b) Purchasing to each of the company's three operating departments using the given information. Cost to be Allocated Office Allocation Base Percent of Allocation Base Allocated Cost Department Numerator Denominator % of Total Вooks Magazines Newspapers Totals Purchasing Cost to be Allocated Allocation Base Percent of Allocation Base Allocated Cost Department Numerator Denominator % of Total Вooks Magazines Newspapers Totals