Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Solexx Corporation allocates its service department overhead costs to producing departments. This information is for the month of June Service Departments Maintenance Utilities $ 432,000

image text in transcribed
Solexx Corporation allocates its service department overhead costs to producing departments. This information is for the month of June Service Departments Maintenance Utilities $ 432,000 $ 717,000 5X Overhead costs incurred Service provided to departments Maintenance Utilities Producing-A Producing-8 Totals 10% 20 70 188% 40 55 100% Required: What is the amount of maintenance and utilities department costs distributed to producing departments A and B for June using the direct method. (2) the step method (maintenance department first), and (3) the reciprocal method? (Round percentage calculations to 4 decimal places (e.g., 33.3333%), do not round intermediate calculations and round your final answers to the nearest dollar amount.) Answer is complete but not entirely correct. Total Producing Producing Department Department Producing A B Department Cost S 397 895 5 751 105 S 1149,000 s 390.767 X 5 758 2333 $ 1.149,000 5 399 648 749.35225 1149.000 1 2 3 The direct method The step method The reciprocal method

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

Cross-Border Mergers And Acquisitions UK Dimensions

Authors: Moshfique Uddin, Agyenim Boateng

1st Edition

0415836603, 9780415836609

More Books

Students also viewed these Accounting questions

Question

List and describe three behavioral leadership theories.

Answered: 1 week ago