Won han co has four departments materials personnel

Assignment Help Accounting Basics
Reference no: EM13580817

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%u2019s 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















Use this information to allocate each of the three indirect expenses across the four departments.
Supervision expenses
Department % of Total      Cost
Materials % $   
Personnel         
Manufacturing         
Packaging         



Totals % $   






Utilities expenses
Department % of Total      Cost
Materials % $   
Personnel         
Manufacturing         
Packaging         



Totals % $   






Insurance expenses
Department % of Total      Cost
Materials % $   
Personnel         
Manufacturing         
Packaging         



Totals % $   







Prepare a summary table that reports the indirect expenses assigned to each of the four departments.


    Supervision      Utilities      Insurance     Total
Materials $    $    $    $   
Personnel            
Manufacturing            
Packaging            





Totals $    $    $    $   








Reference no: EM13580817

Questions Cloud

On the first day of its fiscal year elbert company issued : on the first day of its fiscal year elbert company issued 50000000 of 10-year 7 bonds to finance its operations.
A stockbroker advises a client to buy preferred stocku2026 : a stockbroker advises a client to buy preferred stocku2026. with that type of stocku2026 you will never have to worry
Why are investments in marketable securities shown : why are investments in marketable securities shown separately from cash equivalents in the balance
Zeta corporation and its subsidiary reported consolidated : zeta corporation and its subsidiary reported consolidated net income of 320000 for the year ended december 31 20x8.
Won han co has four departments materials personnel : won han co. has four departments materials personnel manufacturing and packaging. in a recent month the four
Shunda corporation wholesales parts to appliance : shunda corporation wholesales parts to appliance manufacturers. on january 1 2014 shunda corporation issued 22000000 of
Compute the manufacturing cycle efficiency mcewhat : johnson corporation keeps careful track of the time required to fill orders. the times required for a particular order
Jim is married and files a joint return jim and his wife : jim is married and files a joint return. jim and his wife have two dependent children. they have agi 30000 and itemized
Happy music company manufactures two instruments the : happy music company manufactures two instruments the classical guitar and the harmonica. the company produces 10000

Reviews

Write a Review

Accounting Basics Questions & Answers

  The human resources department cost is allocated on the

the dollar store has a human resources department and a janitorial department that provide service to three sales

  Goddard company has used the fifo method of inventory

goddard company has used the fifo method of inventory valuation since it began operations in 2010. goddard decided to

  Which of these alternatives should wanda choose

What is the latest date on which Wanda can replace the involuntarily converted property to qualify for &1033?

  Prepare the journal entry at june 30 2031 to pay interest

mellilo corporation issued 6000000 of 20-year 9.5 percent bonds on july 1 2011 at 98. interest is due on june 30 and

  Prepare the entries at the date of issuance

Two years later the bond is converted when the market value of the stock is $150. Prepare the entries at the date of issuance and at the date of conversion.

  What is the company''s degree of operating leverage

Parker Company has provided the following data for the most recent year: net operating income, $29,000; fixed expense, $125,000; sales, $220,000; and CM ratio, 70%.What is the company's degree of operating leverage? (Round your answer to 2 dec..

  Englehart company sells two types of pumps.

Englehart Company sells two types of pumps. One is large and is for commercial use

  How much should the company increase its debt investments

How much should the company increase its Debt Investments account for these bonds and what amount should be reported as a charge against income in the income statement if the company is in the first year of operations?

  Alma inc has revenues of 750000 resulting in an operating

alma inc. has revenues of 750000 resulting in an operating income of 52500. average invested assets total 375000 the

  Prepare journal entries for the selected transactions

Prepare journal entries for the following selected transactions related to this company's stock during the current year:

  On jan 2nd of year 1 moore co purchased a machine for

on jan. 2nd of year 1 moore co. purchased a machine for 264000 and depreciated it by the straight-line method using an

  Make an argument for or against the employ of either the

create an argument for or against the use of either the rolling budget or the continuous budget on the planning process

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