Then compute predetermined overhead rates in the

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Using the step-down method, allocate service department costs to the consuming departments. Then compute predetermined overhead rates in the operating departments for the current year using machine-hours as the allocation base in the Milling Department and direct labor-hours as the allocation base in the Finishing Department. (Leave no cells blank - be certain to enter "0" wherever required. Amounts to be deducted should be indicated with a minus sign. Do not round intermediate calculations. Round your "Predetermined overhead rates" to 2 decimal places and other answers to the nearest dollar amount. Omit the " $" sign in your response.) Total costs before allocations $ 340,000 $ 65,500 $ 93,600 $ 417,000 $ 163,000 Allocation: Cafeteria Custodial Services Machinery Maintenance Total overhead after allocations $ $ $ $ $ Predetermined overhead rate $ $ Repeat (1) above, this time using the direct method. Again compute predetermined overhead rates in the the Milling and Finishing Departments. (Leave no cells blank - be certain to enter "0" wherever required. Amounts to be deducted should be indicated with a minus sign. Do not round intermediate calculations. Round your "Predetermined overhead rates" to 2 decimal places and other answers to the nearest dollar amount. Omit the " $" sign in your response.) Total costs before allocations $ 340,000 $ 65,500 $ 93,600 $ 417,000 $ 163,000 Allocation: Cafeteria Custodial Services Machinery Maintenance Total overhead after allocations $ $ $ $ $ Predetermined overhead rate $ $ Milling Department 2,300 1,500 Finishing Department 600 13,800 Total hours 2,900 15,300 Determine the amount of overhead that would be assigned to the job if the company used the overhead rates developed in (1) above. (Round your "Predetermined overhead rates" to 2 decimal places and final answers to the nearest dollar amount. Omit the " $" sign in your response.) Total overhead cost $ Determine the amount of overhead that would be assigned to the job if the company used the overhead rates developed in (2) above. (Round your "Predetermined overhead rates" to 2 decimal places and final answers to the nearest dollar amount. Omit the " $" sign in your response.) Total overhead cost $
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Facilitator Corp. is a company that acts as a facilitator in tax-favored real estate swaps. Such swaps, known as 1031 exchanges, permit participants to avoid some or all of the capital gains taxes that would otherwise be due. The bookkeeper for the company has been asked to prepare a report for the company to help its owner/manager analyze performance. The first such report appears below:
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