Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

po) The Goodyear Company has two service departments-technical support and maunenasce, and to production departmens-assembly and testing The datition of each service department's efforts

image text in transcribedimage text in transcribed

po) The Goodyear Company has two service departments-technical support and maunenasce, and to production departmens-assembly and testing The datition of each service department's efforts to the other departs is shown below Technical Suppor Maintenance Technical Support 0% 40% The direct operating costs of the departmen were as follows Technical Support Maintenance Assembly Texting $120,000 $160,000 -$240,000 $80,000 Maintenance 20% 0% Assembly 40% 30% Testing 40% 30% Calculate the total costs accumulated in production department, Testing, using the step and reciprocal methods to allocate the service department costs with the Technical Support department going first. Calculate all ratios and percentages to 1 decimal place, for example 33.3%, and round all dollar amounts to the nearest whole dollar) Tale Comfacts a single product that goes through two processes-mixing and cooking. The following data pertains to the Maxing Department for September. Talamata Co chooses weighted average method to calculate costs. The production process requires two types of material, P and Q, which is all added at the beginning of work in the Moung Department (In other words, material is 100% complete) Work-in-process inventory, September 11 32,000 units Conversion-10% completed Work-in-process inventory, September 30 20,000 Conversion-50% completed Unit started into production 72,000 Unit completed and feed ou Tun Co Work-in-process inventory, September 1 Material $80,000 Material Q 104,300 Conversion 142,440

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

Step: 3

blur-text-image

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

Management and Cost Accounting

Authors: Colin Drury

8th edition

978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887

More Books

Students also viewed these Accounting questions