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Please find the homework below: A company has its own power supply and maintenance department. Selected data from a recent period follow: Service Departments Power

Please find the homework below:

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A company has its own power supply and maintenance department. Selected data from a recent period follow: Service Departments Power Plant Maintenance Cost [] 60,000 40,000 The service department power plant generates a total of 1,000,000 kilowatt hours (kWh) and receives 8,000 in maintenace hours. The second service department maintenance provides a total of 10,000 hours and receives 100,000 kWh from the power plant 1. Please name the three approaches you know to allocate costs from the service departments to the production departments in job-order costing. (3P) 2. What are the conditions for each of the three allocation approaches that they lead to an exact solution? Please explain your answer. (6P) 3. Establish the formulas to be solved for the reciprocallsimultanious equations method. (Chosse one approach) (8P) 4. Solve the formulas. (6P)

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