Question

In: Accounting

I seen to be having trouble calculating the problem Step down method allocation CR - 10%...

I seen to be having trouble calculating the problem
Step down method allocation
CR - 10%
Programming. 10%. -
Checking. 60%. 45%
Mortgage. 30%. 45%

Budgeted cost = CR. 460,000
=. Programming. 690,000

Allocate budgeted cost to checking and mortgage dept

Solutions

Expert Solution

ekkarill92 answered 11 months ago
Next > < Previous

Related Solutions

Allocation: Direct Method and Step down Method Please show work Required: 1) Allocate the personnel and...
Allocation: Direct Method and Step down Method Please show work Required: 1) Allocate the personnel and engineering costs to the production departments using the direct method 2) Allocate the personnel and engineering costs to the production departments using the step down method -company has Two production departments: processing assembly -company also has Two service departments: personnel engineering Company budget for August 2014 is: Service departments: Personnel: direct costs is 64,000 square feet 4,000 # of employees 30 Engineering: direct costs...
Hi. I am running into trouble solving the problem below and would greatly appreciate a step-by-step...
Hi. I am running into trouble solving the problem below and would greatly appreciate a step-by-step explanation on how to arrive at the correct answers and explanations: SHIELD, Inc., uses a standard costing system and develops its overhead rates from the current annual budget. The budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours. (Practical capacity is 500,000 hours.) Annual budgeted overhead costs total $787,200, of which $556,800 is fixed overhead. A total...
complex multi-step income statement I am having trouble finding good examples of a multi-step income statement...
complex multi-step income statement I am having trouble finding good examples of a multi-step income statement for companies that provide more than one type of service (my example is consulting and sales). Does unearned revenue go somewhere on a multi-step income statement? I've found conflicting information online...
Having trouble calculating the error of a diluted solution in a 100mL volumetric flask. Concentration is...
Having trouble calculating the error of a diluted solution in a 100mL volumetric flask. Concentration is 0.005 +/- 0.005M Amount of Concentrated solution: 5.0mL +/- 0.1mL Volumetric flask: 100mL +/- 0.08mL My calculation so far is ((0.1/5)+(0.005/0.005)+(0.08/100))*.00025 I keep getting 0.0002552 as my error but the answer key is 0.00003. Whats wrong in my formula?
Support Department Cost Allocation Using the Step or Sequential Method The step or sequential method requires...
Support Department Cost Allocation Using the Step or Sequential Method The step or sequential method requires that support departments be ranked and that the highest ranking support department be allocated first to all lower ranking support departments and the producing departments. Then the highest ranking support department is closed and the second-highest ranking support department is allocated to lower ranking support departments and the producing departments. This continues until all support department cost has been allocated to the producing departments....
Support Department Cost Allocation Using the Step or Sequential Method The step or sequential method requires...
Support Department Cost Allocation Using the Step or Sequential Method The step or sequential method requires that support departments be ranked and that the highest ranking support department be allocated first to all lower ranking support departments and the producing departments. Then the highest ranking support department is closed and the second-highest ranking support department is allocated to lower ranking support departments and the producing departments. This continues until all support department cost has been allocated to the producing departments....
Support Department Cost Allocation Using the Step or Sequential Method The step or sequential method requires...
Support Department Cost Allocation Using the Step or Sequential Method The step or sequential method requires that support departments be ranked and that the highest ranking support department be allocated first to all lower ranking support departments and the producing departments. Then the highest ranking support department is closed and the second-highest ranking support department is allocated to lower ranking support departments and the producing departments. This continues until all support department cost has been allocated to the producing departments....
I was able to calculate (a) but I am having trouble with the calculations of (b)....
I was able to calculate (a) but I am having trouble with the calculations of (b). Thanks! The following are New York closing rates for A$/US$ and $/£:                                     A$/$ = 1.5150;               $/£ = $1.2950             (a) Calculate the cross rate for £ in terms of A$ (A$/£).             (b) If £ is trading at A$1.95/£ in London (cross market) on the same day, is there an arbitrage opportunity?  If so, show how arbitrageurs with £ could profit from this opportunity and calculate the arbitrage...
I am having difficulty figuring out the rest of this problem, primarily with regards to calculating...
I am having difficulty figuring out the rest of this problem, primarily with regards to calculating APIC and Retained earnings for Stock Dividends. Also, I need assistance with the fourth problem, how to calculate the total value of shareholders' equity. Could you please help show me how to solve? Accounting for Share Transactions The shareholders' equity section of the consolidated balance sheet of Wilson Industries appeared as follows at the beginning of the year: Shareholders' Equity Class A common stock,...
I am having a trouble with a python program. I am to create a program that...
I am having a trouble with a python program. I am to create a program that calculates the estimated hours and mintutes. Here is my code. #!/usr/bin/env python3 #Arrival Date/Time Estimator # # from datetime import datetime import locale mph = 0 miles = 0 def get_departure_time():     while True:         date_str = input("Estimated time of departure (HH:MM AM/PM): ")         try:             depart_time = datetime.strptime(date_str, "%H:%M %p")         except ValueError:             print("Invalid date format. Try again.")             continue        ...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT