What are the Answers for Mini Practice Set 3-Payroll accounting-Happy Trees Landscaping service?

answers

watching

267

views

For unlimited access to Homework Help, a Homework+ subscription is required.

Related questions

In August, Master Landscaping Services signed a contract to perform$6000 of landscaping services for a customer. The work was startedand completed in September. The customer paid Master $3000 inSeptember and $3000 in October. Master purchased $1000 of materialsfor the project in August, paying $500 at that time and $500 inSeptember.

What are the revenues, expenses, and net incomes for all 3 monthson the cash and accrual basis accounting types? If amount is zero,enter it as such.

plumdonkey701

Service Department Charges

In divisional income statements prepared for Mills ConstructionCompany, the Payroll Department costs are charged back to userdivisions on the basis of the number of payroll checks, and thePurchasing Department costs are charged back on the basis of thenumber of purchase requisitions. The Payroll Department hadexpenses of $34,008, and the Purchasing Department had expenses of$15,370 for the year. The following annual data for Residential,Commercial, and Government Contract divisions were obtained fromcorporate records:

		Residential	Commercial	Government Contract
Sales		$ 321,000	$ 426,000	$ 978,000
Number of employees:
	Weekly payroll (52 weeks per year)	175	60	65
	Monthly payroll	36	47	34
Number of purchase
	requisitions per year	2,200	1,600	1,500

a. Determine the total amount of payroll checksand purchase requisitions processed per year by the company andeach division.

	Residential	Commercial	Government Contract	Total
Number of payroll checks:
Weekly payroll
Monthly payroll
Total
Number of purchase requisitions per year:

b. Using the activity base information in (a),determine the annual amount of payroll and purchasing costs chargedback to the Residential, Commercial, and Government Contractdivisions from payroll and purchasing services. If required, roundyour answers to two decimal places. Do not round your interimcalculations, round your answers to two decimal places, ifrequired.

Service department charge rates:
Payroll Department	$ per check
Purchasing Department	$ per requisition

	Residential	Commercial	Government Contract	Total
Service department charges:
Payroll Department	$	$	$	$
Purchasing Department	$	$	$	$
Total	$	$	$

c. Residential's service department chargeis

than the other two divisions because Residential is a user ofservice department services. Residential has many employees on aweekly payroll, which translates into a number of check-issuingtransactions.

champagnemuskrat866

In divisional income statements prepared for LeFevre Company, the Payroll Department costs are charged back to user divisions on the basis of the number of payroll distributions, and the Purchasing Department costs are charged back on the basis of the number of purchase requisitions. The Payroll Department had expenses of $69,984, and the Purchasing Department had expenses of $31,860 for the year. The following annual data for Residential, Commercial, and Government Contract divisions were obtained from corporate records:

		Residential	Commercial	Government Contract
Sales		$666,000	$883,000	$2,026,000
Number of employees:
	Weekly payroll (52 weeks per year)	190	60	65
	Monthly payroll	28	39	26
Number of purchase
	requisitions per year	2,300	1,600	1,500

a. Determine the total amount of payroll checks and purchase requisitions processed per year by the company and each division.

	Residential	Commercial	Government Contract	Total
Number of payroll checks:
Weekly payroll
Monthly payroll
Total
Number of purchase requisitions per year:

b. Using the activity base information in (a), determine the annual amount of payroll and purchasing costs charged back to the Residential, Commercial, and Government Contract divisions from payroll and purchasing services. If required, round your answers to two decimal places. Do not round your interim calculations, round your answers to two decimal places, if required.

Service department charge rates:
Payroll Department	$ payroll distribution
Purchasing Department	$ per requisition

	Residential	Commercial	Government Contract	Total
Service department charges:
Payroll Department	$	$	$	$
Purchasing Department	$	$	$	$
Total	$	$	$

c. Residential's service department charge is than the other two divisions because Residential is a user of service department services. Residential has many employees on a weekly payroll, which translates into a number of check-issuing transactions.

Weekly leaderboard

Home

Homework Help 3,900,000

Accounting 580,000