For October 2020, Wasim Manufacturing company reported cost of goods available for sale $750,000, gross...
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Accounting
For October 2020, Wasim Manufacturing company reported cost of goods available for sale $750,000, gross profit $212,000 and finished goods beginning $30,000. The cost of goods manufactured is: Select one:
a. $932,000.
b. $962,000.
c. $242,000.
d. $720,000.
National company has two support departments A&B and two operating departments X&Y. for the first quarter 2021, Budgeted overhead costs before any interdepartmental costs allocations were: A $800,000, B $1,500,000, X $5,000,000 and Y $11,000,000. Support work supplied by A to B 20%, to X 50% and to Y 30%. Support work supplied by B to A 25%, to X 35% and to Y 40%. Using step-down method and allocating department A cost first, out of its cost, the amount allocated to department Y is:
a. $800,000
b. $160,000
c. $240,000
d. $400,000
Under which allocation method are one-way reciprocal support services recognized?
a. step-down method
b. reciprocal method
c. artificial cost method
d. direct method
Please please, I don't have enough time, help me
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