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Question;Use the following to answer questions 192-193:(Appendix 4B) Romain Surgical Hospital uses the direct;method to allocate service department costs to operating departments. The;hospital has two service departments, Information Technology and;Administration, and two operating departments, Surgery and Recovery. Service;Department Operating;Department Information;Technology Admini-stration Surgery Recovery Departmental;costs $25,956 $36,356 $563,640 $588,200 Computer;workstations 20 17 54 30 Employees 15 13 95 27Information Technology Department costs are allocated on the;basis of computer workstations and Administration Department costs are;allocated on the basis of employees. 192. The total amount of Information;Technology Department cost allocated to the two operating departments is closest;to: A) $18,019 B) $109,015 C) $21,587 D) $25,956 193. The total Surgery Department cost after;service department allocations is closest to: A) $598,249 B) $608,636 C) $602,727 D) $605,827 Use the following to answer questions 194-195:(Appendix 4B) Strzelecki Corporation uses the step-down;method to allocate service department costs to operating departments. The;company has two service departments, Service Department A and Service;Department B, and two operating departments, Operating Department X and;Operating Department Y. Data concerning those departments follow: Service;Department Operating;Department Service;Department A Service Department B Operating Department X Operating Department Y Departmental;costs $37,800 $45,780 $247,360 $304,330 Allocation;base A 5,000 1,000 29,000 15,000 Allocation;base B 5,000 2,000 39,000 3,000Service Department A costs are allocated first on the basis;of allocation base A and Service Department B costs are allocated second on the;basis of allocation base B. 194. In the first step of the allocation, the;amount of Service Department A cost allocated to the Operating Department X is;closest to: A) $24,360 B) $21,924 C) $16,948 D) $24,914 195. The total Operating Department Y cost;after allocations is closest to: A) $320,486 B) $318,473 C) $320,260 D) $307,660 Use the following to answer questions 196-197:(Appendix 4B) Yamane Corporation, a manufacturer, uses the;step-down method to allocate service department costs to operating departments.;The company has two service departments, Administration and Facilities, and two;operating departments, Assembly and Finishing. Data concerning those;departments follow: Service;Department Operating;Department Adminis-trative Facilities Assembly Finishing Departmental;costs $22,620 $67,440 $105,520 $427,780 Labor;hours 3,000 2,000 21,000 16,000 Space;occupied 7,000 1,000 32,000 3,000Administration Department costs are allocated first on the;basis of labor hours and Facilities Department costs are allocated second on;the basis of space occupied. 196. In the first step of the allocation, the;amount of Administration Department cost allocated to the Assembly Department;is closest to: A) $4,476 B) $12,838 C) $11,310 D) $12,180 197. The total Finishing Department cost;after allocations is closest to: A) $443,342 B) $433,660 C) $441,102 D) $442,940Use the following to answer questions 198-199:(Appendix 4B) Muckenfuss Clinic uses the step-down method to;allocate service department costs to operating departments. The clinic has two;service departments, Personnel and Information Technology (IT), and two;operating departments, Family Medicine and Geriatric Medicine. Data concerning;those departments follow: Service;Department Operating;Department Personnel IT Family;Medicine Geriatric Medicine Departmental;costs $66,930 $11,678 $563,940 $82,310 Employees 11 27 104 160 PCs 11 27 85 87Personnel costs are allocated first on the basis of;employees and IT costs are allocated second on the basis of PCs. 198. In the first step of the allocation, the;amount of Personnel Department cost allocated to the Family Medicine Department;is closest to: A) $23,920 B) $58,405 C) $23,049 D) $26,366 199. The total Geriatric Medicine Department;cost after allocations is closest to: A) $122,608 B) $128,781 C) $128,158 D) $91,358 Use the following to answer questions 200-201:(Appendix 4B) Blondell Legal Services, LLC, uses the;step-down method to allocate service department costs to operating departments.;The firm has two service departments, Personnel and Information Technology (IT);and two operating departments, Family Law and Corporate Law. Data concerning;those departments follow: Service;Department Operating;Department Personnel IT Family;Law Corporate Law Departmental;costs $85,284 $29,703 $883,360 $189,010 Employees 11 25 121 163 PCs 12 26 112 137Personnel costs are allocated first on the basis of;employees and IT costs are allocated second on the basis of PCs. 200. In the first step of the allocation, the;amount of Personnel Department cost allocated to the Family Law Department is;closest to: A) $32,248 B) $70,252 C) $36,336 D) $33,396 201. The total Corporate Law Department cost;after allocations is closest to: A) $254,137 B) $246,630 C) $254,301 D) $209,149 Essay Questions 202. Bayas Corporation uses processing;costing. A number of transactions that occurred in November are listed below. (1) Raw;materials that cost $39,800 are withdrawn from the storeroom for use in the;Mixing Department. All of these raw materials are classified as direct labor.(2) Direct;labor costs of $16,100 are incurred, but not yet paid, in the Mixing;Department.(3) Manufacturing;overhead of $45,700 is applied in the Mixing Department using the department's;predetermined overhead rate.(4) Units with;a carrying cost of $87,600 finish processing in the Mixing Department and are;transferred to the Drying Department for further processing.(5) Units with;a carrying cost of $111,300 finish processing in the Drying Department, the;final step in the production process, and are transferred to the finished goods;warehouse.(6) Finished;goods with a carrying cost of $98,200 are sold. Required: Prepare journal entries for each of the;transactions listed above. 203. During;August, the following transactions were recorded at Goyer Corporation. The;company uses processing costing. (1) Raw;materials that cost $24,500 are withdrawn from the storeroom for use in the;Assembly Department. All of these raw materials are classified as direct labor.(2) Direct;labor costs of $29,000 are incurred, but not yet paid, in the Assembly;Department.(3) Manufacturing;overhead of $58,900 is applied in the Assembly Department using the;department's predetermined overhead rate.(4) Units with;a carrying cost of $101,200 finish processing in the Assembly Department and;are transferred to the Painting Department for further processing.(5) Units with;a carrying cost of $106,100 finish processing in the Painting Department, the;final step in the production process, and are transferred to the finished goods;warehouse.(6) Finished;goods with a carrying cost of $95,100 are sold. Required: Prepare journal entries for each of the;transactions listed above. 204. Kamp Company uses the weighted-average;method in its process costing. Information about units processed during a;recent month in the Curing Department follow: Units Conversion Percent Completion Beginning;work in process inventory 10,000 30% Units;started into production 150,000 Units;completed and transferred out 140,000 Ending;work in process inventory 20,000 40% The;beginning work in process inventory had $4,600 in conversion cost. During the;month, the Department incurred an additional $210,000 in conversion cost. Required: a. Determine;the equivalent units of production for conversion for the month.b. Determine;the cost per equivalent unit of production for conversion for the month.c. Determine;the total conversion cost transferred out during the month.d. Determine;the conversion cost assigned to the ending work in process inventory. 205. Timberline Associates uses the;weighted-average method in its process costing system. The following data are;for the first processing department for a recent month: 206. Avignon;Inc. uses the weighted-average method in its process costing system. The;following data concern the operations of the company's first processing;department for a recent month. Work in;process, beginning: Units;in process 900 Percent;complete with respect to materials 80% Percent;complete with respect to conversion 10% Costs;in the beginning inventory: Materials;cost $6,768 Conversion;cost $3,186 Units;started into production during the month 10,000 Units;completed and transferred out 10,100 Costs;added to production during the month: Materials;cost $97,104 Conversion;cost $356,940 Work in;process, ending: Units;in process 800 Percent;complete with respect to materials 90% Percent;complete with respect to conversion 20% Required: a. Determine;the equivalent units of production.b. Determine;the costs per equivalent unit.c. Determine;the cost of ending work in process inventory.d. Determine;the cost of the units transferred to the next department. 207. Bansal Inc. uses the weighted-average;method in its process costing system. The following data concern the operations;of the company's first processing department for a recent month. Work in;process, beginning: Units;in process 300 Percent;complete with respect to materials 60% Percent;complete with respect to conversion 60% Costs;in the beginning inventory: Materials;cost $342 Conversion;cost $4,518 Units started;into production during the month 22,000 Units;completed and transferred out 21,800 Costs;added to production during the month: Materials;cost $45,963 Conversion;cost $538,602 Work in;process, ending: Units;in process 500 Percent;complete with respect to materials 50% Percent;complete with respect to conversion 20% Required: Using the weighted-average method:a. Determine;the equivalent units of production for materials and conversion costs.b. Determine;the cost per equivalent unit for materials and conversion costs.c. Determine;the cost of units transferred out of the department during the month.d. Determine;the cost of ending work in process inventory in the department. 208. Whitney;Company uses the weighted-average method in its process costing system. The;following data were taken from the records of the first processing department;for a recent month. Work in;process, beginning: Units;in process 10 Percent;complete with respect to materials 60% Percent;complete with respect to conversion 30% Costs;in the beginning inventory: Materials;cost $1,200 Conversion;cost $3,000 Units;started into production during the month 150 Costs;added to production during the month: Materials;cost $42,460 Conversion;cost $137,400 Work in;process, ending: Units;in process 20 Percent;complete with respect to materials 40% Percent;complete with respect to conversion 20% Required:a. How many;units were transferred to the next department during the month?b. What were;the equivalent units of production for materials and for conversion costs for;the month?c. What;were the costs per equivalent unit of production for materials and for;conversion costs for the month?d. What was;the cost of the ending work in process inventory in the department at the end;of the month? 209. Mccabe Corporation uses the;weighted-average method in its process costing. The following data pertain to;its Assembly Department for November. Percent;Complete Units Materials Conversion Work in;process, November 1 800 55% 10% Units;started into production during November 8,200 Units;completed during November and transferred to the next department 7,300 Work in;process, November 30 1,700 75% 25% Required: Compute the equivalents units of production;for both materials and conversion costs for the Assembly Department for;November using the weighted-average method. 210. The following data have been provided by;Cutts Corporation, which uses the weighted-average method in its process;costing. The data are for the company's Shaping Department for February. Percent;Complete Units Materials Conversion Work in;process, February 1 300 50% 10% Units;started into production during February 5,200 Units;completed during February and transferred to the next department 4,800 Work in;process, February 28 700 50% 40% Required: Compute the equivalents units of production;for both materials and conversion costs for the Shaping Department for February;using the weighted-average method.;="msonormal">

 

Paper#40299 | Written in 18-Jul-2015

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