Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required information [ The following information applies to the questions displayed below. ] Mack Precision Tool and Die has two production departments, Fabricating and Finishing.
Required information
The following information applies to the questions displayed below.
Mack Precision Tool and Die has two production departments, Fabricating and Finishing. and two service departments.
Repair and Quality Control. Direct costs for each department and the proportion of service costs used by the various
departments for the month of March follow:
Required:
Compute the allocation of service department costs to producing departments using the direct method.
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.
Required information
The following information applies to the questions displayed below
Mack Precision Tool and Die has two production departments, Fabricating and Finishing, and two service departments,
Repair and Quality Control. Direct costs for each department and the proportion of service costs used by the various
departments for the month of March follow:
Assume that both Fabricating and Finishing work on just two jobs during the month of March: MP and MP Costs are allocated to
Jobs based on laborhours in Fabricating and machinehours in Finishing. The number of laborhours and machinehours worked in
each department are as follows:
Required:
How much of the service department costs allocated to Fabricating and Finishing using the direct method should be allocated to Job
MP How much should be allocated to Job MP
Note: Round "Department rate" to decimal places. Do not round other intermediate calculations. Round final answers to the
nearest whole dollar.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started