How to calculate total service department cost allocated

Assignment Help Financial Accounting
Reference no: EM132588402

Motorcade Company has three service departments (S1, S2, and S3) and two production departments (P1 and P2). The following data relate to Motorcade's allocation of service department costs:

Round to two decimal places.

              Budgeted Costs              Nbr of Employees

S1           $3,200,000                         75

S2           $2,340,000                        50

S3            $100,000                         25

P1                                                150

P2                                                225

Service department costs are allocated by the direct method. The number of employees is used as the allocation base for all service department costs

Question 1: Calculate the total service department cost allocated to production department P1

Reference no: EM132588402

Questions Cloud

Find and solve the impact of the exhibit on company profit : Calculate the impact of the exhibit on company profit. Round to two decimal places.The company estimates that revenue will increase by $36,000.
Explain organizational learning techniques : You will explain organizational learning techniques for today's HR professionals and how they enhance training and development.
Is there such as thing as a midlife crisis in your opinion : Is there such as thing as a midlife crisis in your opinion? Describe what psychologists mean when they discuss this and why they believe it occurs.
Key issues in employee alcohol and drug-testing program : Describe how NLRB rulings have impacted job security and workplace seniority? What are the key issues in an employee alcohol- and drug-testing program?
How to calculate total service department cost allocated : How to Calculate the total service department cost allocated to production department P. Motorcade Company has three service departments.
Describe the marketing myopia in brief : As discussed in the Unit I Lesson, the marketing concept consists of elements that concern market segmentation and how it relates to target markets.
CPS 271 Object Oriented Programming in C++ Assignment : CPS 271 Object Oriented Programming in C++ Assignment Help and Solution - Washtenaw Community College, USA - Homework Help
About the capital rationing : The availability of funds effects the capital budgeting decisions. The amount of funds available for capital expenditures will be either limited or unlimited.
Rise and fall of confederate statues : "The Rise and Fall of Confederate Statues," colleges and universities across the country are trying to decide what to do about statues

Reviews

Write a Review

Financial Accounting Questions & Answers

  What are the effects on the net working capital

Current assets and current liabilities increased by equal amounts in 2018. What are the effects on the net working capital and on the current ratio?

  Compute vickelly''s sales revenue and operating expenses

Vickelly Company uses cash basis accounting.

  The effects of operating leverage

Compare your answer in requirement H with your answer in requirement D. What conclusions can you draw about the effects of operating leverage from the steps you performed in requirements F, G, and H?

  What accumulated depreciation at the fiscal year is

The company uses a straight-line rate of 10%. Bronson's fiscal year end is June 30. What Accumulated depreciation at the fiscal year end of 2022 is

  Discuss the major differences between US GAAP and IFRS

Discuss the major similarities and differences between U.S. GAAP and IFRS. Which of the differences do you find most interesting?

  Would you lend money to this company for the long term

Do you feel that the company is able to meet its current and long term obligations as they become due?

  Catering service on the accrual method

Bob operates a catering service on the accrual method. In November of year 1 Bob received a payment of $9,000 for 18 months of catering services to be rendered from December 1" of year 1 through May 31" year 3. When must Bob recognize the income if h..

  What would be the increase in the profit or loss

What would be the increase in the profit or loss and other comprehensive income for the year ended 30 June 2019? Afternoon Limited (AL) uses cost model

  Explanations of the roles of each of the five components

Determine Are the explanations of the roles of each of the five components listed above clear, and complete accurate? If not, explain.

  The gross profit

Given the information below what is the gross profit?

  Accounts debited and credited for each transaction

A chart of accounts is a: list of account titles with corresponding reference numbers used by companies so that transaction items are consistently named. summary of each account's activity and its ending balance. list of each account and its balance ..

  Income tax expense should be reported on income statement

During 2015, its first year of operation, a company recorded depreciation expense of $ 50,000 for book purposes. For tax purposes during 2015, $ 100,000 of depreciation expense was deducted. The temporary difference created during 2015 will reverse e..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd