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Jim-N-John Inc. budgets the following amounts for each of its two service departments, S1 and...

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Accounting

Jim-N-John Inc. budgets the following amounts for each of its two service departments, S1 and S2, which service each other as well as the company's two production departments, S1 and S2: S1 S2 S1 S1 S2 0.10 The actual results for the time period were as follows: S1 P1 P2 S2 0.20 0.40 0.40 0.40 0.50 0.20 P2 S2 P1 0.20 0.60 0.20 0.60 0.20 Actual Cost Data for each department were: P1: $400,000 P2: $600,000 . S1: $100,000 S2: $100,000 Under the Step-Down Method, what are the total costs should be allocated department P1? Use the budgeted percentages given above and assume that S2 is allocated first.
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Jim-N-John Inc. budgets the following amounts for each of its two service departments, S1 and S2, which service each other as well as the company's two production departments, S1 and S2. The actual results for the time period were as follows: Actual Cost Data for each department were: - P1: $400,000 - P2: $600,000 - S1: $100,000 - $2:$100,000 Under the Step-Down Method, what are the total costs should be allocated department P1? Use the budgeted percentages given above and assume that $2 is allocated first

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