Prepare a schedule showing personnel department and payroll

Assignment Help Accounting Basics
Reference no: EM13600283

O'Brian's Department Stores allocates the costs of the Personnel and Payroll departments to three retail sales departments, Housewares, Clothing and Furniture. In addition to providing services to the operating departments, Personnel and Payroll provide services to each other. O'Brian's allocates Personnel Department cost on the basis of the number of employees and Payroll Department costs on the basis of gross payroll. Cost and allocation for June is as follows:

Personnel Payroll Housewares Clothing Furniture

  • Direct dept. cost $6900 $3200 $12200 $20000 $15750
  • Number of employees 5 3 8 15 4
  • Gross payroll $6000 $3300 $11200 $17400 $8100

1. Determine the percentage of total Personnel Department services that was provided to the Payroll Department.
2. Determine the percentage of total Payroll Department services that was provided to the Personnel Department.
3. Prepare a schedule showing Personnel Department and Payroll Department cost allocations to the operating departments, assuming O'Brian's uses the step method. (round calculations to nearest dollar.

Reference no: EM13600283

Questions Cloud

Ernst company purchased equipment that cost 750000 on : ernst company purchased equipment that cost 750000 on january 12010. the entire cost was recorded as an expense. the
What is the financial statement impact of issuing stock : you are a consultant for energy company. it is a utility company. it is thinking about expanding its energy production
When would you advise a firm to use direct intervention to : when would you advise a firm to use direct intervention to set transfer prices?what is the objective of joint cost
Using the following accounts and balances taken from a : using the following accounts and balances taken from a year-end balance sheet calculate working capital accounts
Prepare a schedule showing personnel department and payroll : obrians department stores allocates the costs of the personnel and payroll departments to three retail sales
What is the financial statement impact of issuing stock : you are a consultant for energy company. it is a utility company. it is thinking about expanding its energy production
What is the estimated overhead cost and the estimated : what is the estimated overhead cost and the estimated amount of allocation base for both the research amp documents and
Brabo corporation uses direct labor-hours in its : brabo corporation uses direct labor-hours in its predetermined overhead rate. at the beginning of the year the
Acer corporation which applies manufacturing overhead on : acer corporation which applies manufacturing overhead on the basis of machine-hours has provided the following data for

Reviews

Write a Review

Accounting Basics Questions & Answers

  Develop budgets to show the costs and expenses for the

the product should be a minimum of 43000 bird houses.1.estimate the impact a new product will have on the current

  All of the outstanding stock of a closely held c

all of the outstanding stock of a closely held c corporation is owned equally by mary smith and bob bufusno. in 2012

  Equivalent units of production for conversion costs

The number of equivalent units of production for conversion costs for the period was

  In its first year of operations harden co earned 39000 in

in its first year of operations harden co. earned 39000 in revenues and received 33000 cash from these customers. the

  Differences in book basis versus tax basis

The differences between the book basis and tax basis of the assets and liabilities at the end of 2008 are as follows: What is the journal entry to record income tax expense, deferred income taxes, and income tax payable for 2008?

  Manzano bank has two operating departments branches and

manzano bank has two operating departments branches and electronic and three service departments processing

  Cost of the finished goods on hand

The following information is available for completed Job No. 402: Direct materials, $25,000 direct labor, $35,000 manufacturing overhead applied, $20,000 units produced, 8,000 units units sold, 6,000 units. The cost of the finished goods on hand f..

  Bonanza brothers inc purchased land at a price of 27000

bonanza brothers inc. purchased land at a price of 27000. closing costs were 1400. an old building was removed at a

  Transfer pricing and outside opportunities

Deseronto Electronics manufactures motherboards for computers. The company is divided into two divisions: manufacturing and programming

  Determining trasfer price

Better home products Canadian operations are organized into two divisions: west and east. west division sells a component that could be used by east division in making one of the company's principal products.

  Total accrued amount

If an officer is not actually paid his salary but the salary is shown as accrued for 2010, for a C Corp, is the total accrued amount for that officer included on Schedule E or only what the officer is actually paid in 2010?

  Compute the activity rates for the filling orders

Compute the activity rates for the Filling Orders and Product Support activity cost pools by filling in the table

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