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Irina-Kira [14]
3 years ago
5

Brandeis Corporation has two production Departments: P1 and P2 and two service departments: S1 and S2. Direct costs for each dep

artment and the proportion of service costs used by the various departments for the month of July are as follows: Proportion of Services Used by: Department Direct costs S1 S2 P1 P2 S1 $62,000 0.70 0.10 0.20 S2 $102,000 0.20 0.30 0.50 P1 $162,000 P2 $142,000 Under the step-method of cost allocation, the amount of costs allocated from S2 to P2 would be: $90,875. $51,000. $63,750. $53,950.
Business
1 answer:
luda_lava [24]3 years ago
4 0

Answer:

a. $90,875

Explanation:

Provided information we have,

Individually allocated cost

S1  = $62,000    S2 = $102,000     P1 = $162,000         P2 = $142,000

Firstly under step method cost allocation will be from S1 to S2, P1, P2

Ratio = 0.7 : 0.1: 0.2

Thus allocated to S2 = $62,000 \times 0.7 = $43,400

P1 = $62,000 \times 0.1 = $6,200

P2 = $62,000 \times 0.2 = $12,400

Total cost of S2 = $102,000 + $43,400 = $145,400

Ratio between S1: P1: P2 = 0.2:0.3:0.5

Amount allocated to P1 =  $145,400 \times \frac{0.3}{0.8}

= $54,525

Amount allocated to P2 =  $145,400 \times \frac{0.5}{0.8}

= $90,875

Therefore, correct option is

a. $90,875

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The double-entry principle in the balance-of-payments
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Answer:

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3 0
3 years ago
Anthony Finley wishes to become a millionaire. His money market fund has a balance of $287,270 and has a guaranteed interest rat
mrs_skeptik [129]

Answer:

15 years

Explanation:

The target accumulated future amount is the future value of the initial investment(present value), hence, using the future value formula provided below we can determine the investment time horizon in years required to accumulate the target amount:

FV=PV*(1+r)^n

FV=$1,200,000

PV=$287,270

r=10%

n=investment period in years=unknown

$1,200,000=$287,270*(1+10%)^n

$1,200,000/$287,270=(1+10%)^n

$1,200,000/$287,270=(1.10)^n

take log of both sides

ln($1,200,000/$287,270)=n ln(1.10)

n=ln($1,200,000/$287,270)/ln(1.10)

n=15.00years

4 0
2 years ago
In 2021, Ryan Management collected rent revenue for 2022 tenant occupancy. For financial reporting, the rent is recorded as defe
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Answer:

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                    (To record income tax expense and reversal of Deferred

                      tax asset)

6 0
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