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Exercise 11-30 (Algo) Cost Allocation: Reciprocal Method (LO 11-1) Mack Precision Tool and Die has two production departments, Fabricating and Finishing, and two service departments, Repair, and Quality Control. Direct costs for each department and the proportion of service costs used by the various departments for the month c March follow: Department Fabricating Finishing Repair Quality Control Direct Costs $ 136,600 102,200 43,800 205,260 From: Proportion of Services Used by Quality Repair Control Repair 0 0.3 0.3 Fabricating Finishing Required: Use the reciprocal method to allocate the service costs. (Matrix algebra is not required.) Note: Amounts to be deducted should be Indicated by a minus sign. Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amounts. Quality Control Cost Allocation To: 0.6 0.1 0.1 6.6 Fabricating Finishing

Exercise 11-30 (Algo) Cost Allocation: Reciprocal Method (LO 11-1) Mack Precision Tool and Die has two production departments, Fabricating and Finishing, and two service departments, Repair, and Quality Control. Direct costs for each department and the proportion of service costs used by the various departments for the month c March follow: Department Fabricating Finishing Repair Quality Control Direct Costs $ 136,600 102,200 43,800 205,260 From: Proportion of Services Used by Quality Repair Control Repair 0 0.3 0.3 Fabricating Finishing Required: Use the reciprocal method to allocate the service costs. (Matrix algebra is not required.) Note: Amounts to be deducted should be Indicated by a minus sign. Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amounts. Quality Control Cost Allocation To: 0.6 0.1 0.1 6.6 Fabricating Finishing

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 11-30 (Algo) Cost Allocation: Reciprocal Method (LO 11-1) Mack Precision Tool and Die has two production departments, Fabricating and Finishing, and two service departments, Repair, and Quality Control. Direct costs for each department and the proportion of service costs used by the various departments for the month of March follow. Department Fabricating Finishing Repair Quality Control From: Direct Costs $ 136,600 102,200 43,800 205,260 Service department costs Repair Quality control Total S Repair Repair 8 0.3 Proportion of Services Used by Quality Control Required: Use the reciprocal method to allocate the service costs. (Matrix algebra is not required.) Note: Amounts to be deducted should be Indicated by a minus sign. Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amounts. 0 $ 0.3 0 Quality Control Cost Allocation To: Fabricating Finishing 0 0.6 0.1 $ Fabricating 0 0.1 0.6 Finishing S 0
Transcribed Image Text:Exercise 11-30 (Algo) Cost Allocation: Reciprocal Method (LO 11-1) Mack Precision Tool and Die has two production departments, Fabricating and Finishing, and two service departments, Repair, and Quality Control. Direct costs for each department and the proportion of service costs used by the various departments for the month of March follow. Department Fabricating Finishing Repair Quality Control From: Direct Costs $ 136,600 102,200 43,800 205,260 Service department costs Repair Quality control Total S Repair Repair 8 0.3 Proportion of Services Used by Quality Control Required: Use the reciprocal method to allocate the service costs. (Matrix algebra is not required.) Note: Amounts to be deducted should be Indicated by a minus sign. Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amounts. 0 $ 0.3 0 Quality Control Cost Allocation To: Fabricating Finishing 0 0.6 0.1 $ Fabricating 0 0.1 0.6 Finishing S 0
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