A firm has two service departments (A and B) and two production departments (X and Y). The firm allocates service department cost using the direct method. Service Department A's services are consumed as follows. 20% used by Service Department B. 20% used by Production Department X. 60% used by Production Department Y. Service Department B's services are consumed as follows. 20% used by Service Department A. 60% used by Production Department X. 20% used by Production Department Y For the period, Service Department A has $831,144 costs, Service Department B has $923,236 costs, and Production Department Y has $861,264 costs for the period. What is Department Y's total cost after both service department costs have been allocated (round final answer to nearest cent if necessary)? Please dont provide answer image based thank you

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A firm has two service departments (A and B) and two production departments (X and Y). The firm allocates service department cost using the direct method.

Service Department A's services are consumed as follows.

20% used by Service Department B.

20% used by Production Department X.

60% used by Production Department Y.

Service Department B's services are consumed as follows.

20% used by Service Department A.

60% used by Production Department X.

20% used by Production Department Y

For the period, Service Department A has $831,144 costs, Service Department B has $923,236 costs, and Production Department Y has $861,264 costs for the period.

What is Department Y's total cost after both service department costs have been allocated (round final answer to nearest cent if necessary)?

Please dont provide answer image based thank you

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