Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information Exercise 11-27 & 11-28 (Static) (LO 11-2) [The following Information applies to the questions displayed below] Caro Manufacturing has two production departments, Machining

image text in transcribed

Required information Exercise 11-27 & 11-28 (Static) (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: Proportion of Services Used by Direct Maintenance Cafeteria Machining Assembly Department Machining Assembly Maintenance Cafeteria $99.000 64,400 48.800 32,680 Exercise 11-28 (Static) Allocating Service Department Costs First to Production Departments and then to Jobs (LO 11-2) Assume that both Machining and Assembly work on just two jobs during the month of August. CM-22 and CM-23. Costs are allocated to jobs 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 CM-22: Machine-hour's Labor-hours Machine-hours Labor-hours Job CM-23; 30 33 278 Required: How much of the service department costs allocated to Machining and Assembly in the direct method should be allocated to Job CM- 222 How much should be allocated to Job CM-23? (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts.)

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

Accounting

Authors: Warren S. Carl

23rd Edition

0324555865, 978-0324555868

More Books

Students also viewed these Accounting questions

Question

Discuss the states of accounting

Answered: 1 week ago