Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

THANK YOU!! 0 Required information [The following information applies to the questions displayed below.] Caro Manufacturing has two production departments, Machining and Assembly, and two

THANK YOU!!

image text in transcribed
0 Required information [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 Department Costs Maintenance Cafeteria I'Machining Assembly Machining $101,000 'f Assembly 68,400 Maintenance 42,400 0.2 0.6 0.2 Cafeteria 34,000 0.6 0.2 0.2 Assume that both Machining and Assembly work on just two jobs during the month of August: CM22 and CM23. Costs are allocated tojobs based on machinehours in Machining and laborhours in Assembly. The number of labor and machinehours worked in each department are as follows: Machining As sembly Job CM22 : Machinehours 180 40 Laborhours 50 20 Job CM23 : Machinehours 40 20 Laborhours 30 240 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 CM-23? (Round "Department rate" to 2 decimal places and final answers to the nearest whole dollar.) Machining Assembly

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

Corporate Financial Accounting

Authors: Carl S Warren, Jeff Jones

16th Edition

0357510380, 978-0357510384

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