Reference no: EM131538697
Question: Won Han 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 Cost Allocation Base
Supervision . . . . . . . . . . . . . . $ 75,000 Number of employees
\Utilities . . . . . . . . . . . . . . . . . 60,000 Square feet occupied
Insurance . . . . . . . . . . . . . . . . 16,500 Value of assets in use
Total . . . . . . . . . . . . . . . . . . . . $151,500
Departmental data for the company's recent reporting period follow.
Department Employees Square Feet Asset Values
Materials . . . . . . . . . . . . 18 27,000 $ 6,000
Personnel . . . . . . . . . . . . 6 4,500 1,200
Manufacturing . . . . . . . . 66 45,000 37,800
Packaging . . . . . . . . . . . . 30 13,500 15,000
Total . . . . . . . . . . . . . . . 120 90,000 $60,000
(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.
|
Determine the rent expense to be allocated
: Auto Market pays $128,000 rent each year for its two-story building. The space in this building is occupied by five departments as specified here.
|
|
Calculate the average collection period-accounts receivable
: Calculate the average collection period (ACP). What is the accounts receivable (AR) assuming all goods are sold on credit?
|
|
Compute return on investment for the year
: For a recent year L'Oreal reported operating profit of €3,110 (in millions) for its Cosmetics division. Total assets were €11,314 at the beginning of the year.
|
|
What is maximum initial cost company
: What is the maximum initial cost the company would be willing to pay for the project?
|
|
Allocate each of three indirect expenses across departments
: Won Han Co. has four departments: materials, personnel, manufacturing, and packaging. In a recent month, the four departments incurred three shared indirect.
|
|
Compliance requirements regarding electronic health records
: Three compliance requirements regarding electronic health records that may force change include the adoption of:
|
|
Implied value of the roe on future investment opportunities
: If the expected earnings per share are $13, what is the implied value of the ROE on future investment opportunities?
|
|
Describe a group situation
: In 250-300 words, describe a group situation, natural or formed, that you have witnessed a variety of roles. What was the interaction you witnessed
|
|
Determine average cost per foot for each of the two products
: Pane Company produces two types of glass shelving, rounded edge and squared edge, on the same production line.
|