Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question is in the attachment. Exercise 11-27 8. 11-28 (Algo) (LO 11-2) [The following information applies to the questions displayed below] Caro Manufacturing has two

Question is in the attachment.

image text in transcribed
Exercise 11-27 8. 11-28 (Algo) (LO 11-2) [The following information applies to the questions displayed below] Caro Manufacturing has two production departments, Machining and Assembly. and two service departments, Maintenance and Cafeteria. Direct costs for each department and the proportion of service costs used by the various departments for the month of August follow: ProEortion of Services Used by Direct Department Coats Maintenance cafeteria Machining Assembly Machining $102,000 Assembly 70,400 Maintenance 43,600 Cafeteria 35,000 Exercise 11-28 (Algo) Allocating Service Department Costs First to Production Departments and Then to Jobs (LO 11-2) Assume that both Machining and Assembly work onjust twojobs during the month of August: CM-22 and CM-23. Costs are allocated tojobs based on machine-hours in Machining and labor-hours in Assembly. The number of labor- and machine-hours worked in each department are as follows: Machining Assembly Job CM22: Machinehours 330 30 Labor-hours 50 20 Job CM23: Machinehours 30 60 Labor-hours 30 100 Required: How much of the service department costs allocated to Machining and Assembly in the direct method should be allocated to Job CM- 22? How much should be allocated to Job {SM-23'? (Round "Department rate" to 2 decimal places and final answers to the nearest whole dollar.) ___ ___

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

Accounting Multicolumn Journal

Authors: Claudia Gilbertson

10th Edition

128552845X, 9781285528458

More Books

Students also viewed these Accounting questions

Question

2. In what way can we say that method affects the result we get?

Answered: 1 week ago