Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During the past month, the following costs were incurred in the three production departments and two service departments of K &Co.: using department using department

During the past month, the following costs were incurred in the three production departments and two service departments of K &Co.:

using department

using department

using department

using department

using department

supplying department

administration

facotry support

fabrication

assembly

finishing

administration

-

0.30

0.20

0.10

0.40

factory support

0.15

-

0.25

0.10

0.50

direct cost

$490,000

$1,255,000

$1,570,000

$269,000

$239,000

Required:

Allocate service department costs to Fabrication, Assembly, and Finishing using the reciprocal method, and determine the total costs

of Fabrication, Assembly, and Finishing after this allocation. (Negative amounts should be indicated by a minus sign. Do not round

intermediate calculations. Round your final answers to the nearest whole dollar amounts.)

please answer in the format of photo and post explanation.

image text in transcribed

es Cost Allocation To: From: Administration Factory Support Fabrication Assembly Finishing Service department costs Administration Factory support Total allocations $ 0 $ 0 $ 0 $ 0 $ 0 Direct costs Total costs S 0 $ 0 $ 0 $ 0 $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: kieso, weygandt and warfield.

14th Edition

9780470587232, 470587288, 470587237, 978-0470587287

More Books

Students also viewed these Accounting questions

Question

1.Which deposit accounts are the most costly for FIs?

Answered: 1 week ago