Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1x E4-36 (similar to) :3 Question Help Ramon Company has two production departments, assembly and finishing, and two service departments, machine setup and inspection. Machine
1x E4-36 (similar to) :3 Question Help Ramon Company has two production departments, assembly and finishing, and two service departments, machine setup and inspection. Machine setup costs are allocated on the basis of number of setups, whereas inspection costs are allocated on the basis of number of direct labor hours. Selected information on the four departments follows: .: (Click the icon to view the information.) Requirements (a) Using the direct method, determine the amount of machine setup costs allocated to the two production departments. (b) Using the direct method, determine the amount of inspection costs allocated to the two production departments. Requirements (a) and (b) Using the direct method, determine the amount of machine setup and inspection costs allocated to the two production departments. (Round ratio calculations to two decimal places, XX, and your final answers to the nearest whole dollar. Use parentheses or a minus sign when decreasing departments by allocating costs. Complete all answer boxes.) Service departments Production departments i Data Table Direct Method Costs Allocation of machine setup costs Machine setup Inspection Assembly Finishing 39,000 $ 17,000 $ 32,000 $ 22,000 (39,000) (17,000) 0 $ 0 Number of Setups Direct Labor Hours Allocation of inspection costs Closing balance Item Direct Costs Machine setup $ 39,000 Inspection 17,000 Assembly 32,000 Finishing 22,000 900 Print Done Enter any number in the edit fields and then click Check Answer. All parts showing Clear All Check
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started