Costs for the different cost centres were as follows: Manufacturing $910,000 Assembly $175,000 Maintenance $472,000 Robotics $675,000 Department No. of Maintenance No. of Robotic Jobs Machines Manufacturing 265 16 Assembly 75 52 Maintenance 10 Robotics 28

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
100%

Using excel spreadsheet models answer the following below. 

  • Using the Direct Method allocate the service centre costs
  • Using the Step Method allocate the service centre costs
  • Using the Reciprocal Method allocate service centre costs
Costs for the different cost centres were as follows:
Manufacturing
$910,000
Assembly
$175,000
Maintenance
$472,000
Robotics
$675,000
Department
No. of Maintenance
No. of Robotic
Jobs
Machines
Manufacturing
265
16
Assembly
75
52
Maintenance
10
Robotics
28
Transcribed Image Text:Costs for the different cost centres were as follows: Manufacturing $910,000 Assembly $175,000 Maintenance $472,000 Robotics $675,000 Department No. of Maintenance No. of Robotic Jobs Machines Manufacturing 265 16 Assembly 75 52 Maintenance 10 Robotics 28
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education