Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the rounded amounts from the support cost allocation table (previous task), complete the following table to allocate the production department costs to each product

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Using the rounded amounts from the support cost allocation table (previous task), complete the following table to allocate the production department costs to each product line. Round allocated amounts to the nearest whole dollar. Thousand Weight Weighted Weighted % of Final Department Board Feet Factor Thous. Bd. Ft. Board Feet Log Yard: Hardwood % X Costs Softwood Total Log Yard % Milling: Hardwood % x Softwood Total Milling % Drying: Hardwood Softwood % X $ Total Drying % Packaging: ed amounts from the support cost allocation table (previous task), complete the following table to allocate the production department oduct line. Round allocated amounts to the nearest whole dollar. Thousand Weight Weighted Weighted % of Final Department Board Feet Factor Thous. Bd. Ft. Board Feet Costs Cost Allocation to Product Line % X % TA % X $ % % X $ $ Softwood Total Drying % Packaging: Hardwood % X Softwood Total Packaging % Forest Land earns revenue of $100,000 from selling its by-products, wood shavings and saw dust. Allocate the revenue to each product line in following table and determine the final cost per product line. Thousand Percentage of By-product Portion of By- Board Feet Board Feet Revenue product Revenue Hardwood % $100,000 Softwood 100,000 Total % Cost per Product Line Hardwood Softwood Log Yard % $ % X $ X g % ns revenue of $100,000 from selling its by-products, wood shavings and saw dust. Allocate the revenue to each product line in the and determine the final cost per product line. Thousand Percentage of By-product Portion of By- Board Feet Board Feet Revenue product Revenue % $100,000 $ 100,000 % Cost per Product Line Hardwood Softwood Forest Land earns revenue of $100,000 from selling its by-products, wood shavings and saw dust. Allocate the revenue to each product line in the following table and determine the final cost per product line. Thousand Percentage of By-product Portion of By- Board Feet Board Feet Revenue product Revenue Hardwood % $100,000 Softwood 100,000 Total % Cost per Product Line Hardwood Softwood Log Yard Milling Drying Packaging Subtotal Portion of By-product revenue $ $ Total cost per product line $ $

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

Essential Bookkeeping And Financial Accounting

Authors: Emile Woolf International

1st Edition

1848437552, 978-1848437555

More Books

Students also viewed these Accounting questions

Question

Develop creative ideas in a sportspecifc context.

Answered: 1 week ago