Homework Answers
A) number of employees
[cost/total number of employees]*employees in department
| Cost driver | A | B | C | Total | ||
| Number of employees | 300 | 250 | 50 | 600 | ||
| cost allocated | $60,000[$120,000/600]*300 | $50,000[$120,000/600]*250 | $10,000[$120,000/600]*50 | $120,000 | ||
b)Number of new hires
=[cost/total number of hires]*hires in department
| Cost driver | A | B | C | Total |
| Number of new hires | 15 | 25 | 10 | 50 |
| cost allocated | $36,000[$120,000/50]*15 | $60,000[$120,000/50]*25 | $24,000[$120,000/50]*10 | $120,000 |
C) Miller is using conference method for cost estimation
conference method pools together data and information from various sources so that decision about costs allocation can be made.
it looks at different organization in company , studies cost drivers and decides how cost can be estimated.
Please upvote if you find this helpful.Incase of query pelase comment.
Add Answer to:
THE THIS 4) The cost of the personnel department at the Miller Company has always been...
V.. The cost of the personnel department at the Miller Company has always been charged to...
V.. The cost of the personnel department at the Miller Company has always been charged to the production departments based upon number of employees. Recently, opinions gathered from the department managers indicated that the number of new hires might also be a predictor of personnel costs to be assigned. Total personnel department costs are $120,000. Department Department Department А B с Cost Driver Number of employees 300 250 50 The number of new hires 15 25 10 Required: Using the...
At the Spring Valley Company, the cost of the personnel department has always been charged to...
At the Spring Valley Company, the cost of the personnel department has always been charged to production departments based upon number of employees. Recently, opinions gathered from the department managers indicate that the number of new hires might be a better predictor of personnel costs. Total personnel department costs are $283,000. Department A B C Number of employees 70 285 225 Number of new hires 30 15 14 Which cost estimation method is being used by Spring Valley Company? A....
At the Spring Valley Company, the cost of the personnel department has always been charged to...
At the Spring Valley Company, the cost of the personnel department has always been charged to production departments based upon number of employees. Recently, opinions gathered from the department managers indicate that the number of new hires might be a better predictor of personnel costs. Total personnel department costs are $299,000. B Department Number of employees Number of new hires A 50 275 230 30 19 15 Which cost estimation method is being used by Spring Valley Company? A. the...
Joe's Tire Company has two support departments, Personnel and Maintenance. The Maintenance Department costs of $80,000...
Joe's Tire Company has two support departments, Personnel and Maintenance. The Maintenance Department costs of $80,000 are allocated on the basis of standard service hours used. The Personnel Department costs of $20,000 are allocated based on the number of employees. Costs of Departments A and B are $40,000 and $60,000, respectively. Data on standard service hours and number of employees are as follows: Maintenance Dept. Personnel Dept. Production Dept. A Production Dept. B Standard service hours used 200 200 240...
Golden Leaves Company has two support departments, Maintenance Department (MD) and Personnel Department (PD), and two...
Golden Leaves Company has two support departments, Maintenance Department (MD) and Personnel Department (PD), and two producing departments, P1 and P2. The Maintenance Department costs of $30,000 are allocated on the basis of standard service hours used. The Personnel Department costs of $4,500 are allocated on the basis of number of employees. The direct costs of Departments P1 and P2 are $9,000 and $15,000, respectively. Data on standard service hours and number of employees are as follows: MD...
Hotchkiss Company has two support departments, Maintenance Department (MD) and Personnel Department (PD), and two producing...
Hotchkiss Company has two support departments, Maintenance Department (MD) and Personnel Department (PD), and two producing departments, P1 and P2. The Maintenance Department costs of $90,000 are allocated on the basis of standard service hours used. The Personnel Department costs of $9,000 are allocated on the basis of number of employees. The direct costs of Departments P1 and P2 are $36,000 and $60,000, respectively. Data on standard service hours and number of employees are as follows: Maint. Dept. Person. Dept....
Hotchkiss Company has two support departments, Maintenance Department (MD) and Personnel Department (PD), and two producing...
Hotchkiss Company has two support departments, Maintenance Department (MD) and Personnel Department (PD), and two producing departments, P1 and P2. The Maintenance Department costs of $90,000 are allocated on the basis of standard service hours used. The Personnel Department costs of $9,000 are allocated on the basis of number of employees. The direct costs of Departments P1 and P2 are $36,000 and $60,000, respectively. Data on standard service hours and number of employees are as follows: Maint. Dept. Person. Dept....
Hanung Corp has two service departments, Maintenance and Personnel. Maintenance Department costs of $390,000 are allocated...
Hanung Corp has two service departments, Maintenance and Personnel. Maintenance Department costs of $390,000 are allocated on the basis of budgeted maintenance−hours. Personnel Department costs of $190,000 are allocated based on the number of employees. The costs of operating departments A and B are $232,000 and $348,000, respectively. Data on budgeted maintenance−hours and number of employees are as follows: Support Departments Production Departments Maintenance Department Personnel Department A B Budgeted costs $390,000 $190,000 $232,000 $348,000 Budgeted maintenance−hours NA 880 1,220...
Hanung Corp has two service departments, Maintenance and Personnel. Maintenance Department costs of $360,000 are allocated...
Hanung Corp has two service departments, Maintenance and Personnel. Maintenance Department costs of $360,000 are allocated on the basis of budgeted maintenance−hours. Personnel Department costs of $140,000 are allocated based on the number of employees. The costs of operating departments A and B are $200,000 and $300,000, respectively. Data on budgeted maintenance−hours and number of employees are as follows: Support Departments Production Departments Maintenance Department Personnel Department A B Budgeted costs $360,000 $140,000 $200,000 $300,000 Budgeted maintenance−hours NA 860 1,210...
Hanung Corp has two service departments, Maintenance and Personnel. Maintenance Department costs of $360,000 are allocated...
Hanung Corp has two service departments, Maintenance and Personnel. Maintenance Department costs of $360,000 are allocated on the basis of budgeted maintenance−hours. Personnel Department costs of $120,000 are allocated based on the number of employees. The costs of operating departments A and B are $192,000 and $288,000, respectively. Data on budgeted maintenance−hours and number of employees are as follows: Support Departments Production Departments Maintenance Department Personnel Department A B Budgeted costs $360,000 $120,000 $192,000 $288,000 Budgeted maintenance−hours NA 820 1,290...
V.. The cost of the personnel department at the Miller Company has always been charged to the production departments based upon number of employees. Recently, opinions gathered from the department managers indicated that the number of new hires might also be a predictor of personnel costs to be assigned. Total personnel department costs are $120,000. Department Department Department А B с Cost Driver Number of employees 300 250 50 The number of new hires 15 25 10 Required: Using the...
At the Spring Valley Company, the cost of the personnel department has always been charged to production departments based upon number of employees. Recently, opinions gathered from the department managers indicate that the number of new hires might be a better predictor of personnel costs. Total personnel department costs are $299,000. B Department Number of employees Number of new hires A 50 275 230 30 19 15 Which cost estimation method is being used by Spring Valley Company? A. the...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago