Exercise 11-31 (Algo) Cost Allocation: Reciprocal Method, Two Service Departments (LO 11-1) Activity and selected costs for three production departments (Training. Independent, and Commercial) and two service departments (Accounting and Facilities) at DuBay Films for the past month follow Supplying Department Accounting Facilities Direct cost From: Service department costs Accounting Facilities Total allocations Accounting Direct costs Total costs 0.20 $ 190,000 Accounting Required: Allocate service department costs to Training, Independent, and Commercial using the reciprocal method. What are the total costs of Training, Independent, and Commercial after this allocation? 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. S Facilities 0.40 $ 184,500 S OS Using Department Training 0$ 0.30 0.20 $ 330,000 Facilities Independent 0.20 0.20 $ 201,000 Cost Allocation To: Training 0 $ 0 $ Commercial 0.10 0.40 $ 287,000 Independent 0 $ 0 $ 0$ 0 $ Commercial

Exercise 11-31 (Algo) Cost Allocation: Reciprocal Method, Two Service Departments (LO 11-1) Activity and selected costs for three production departments (Training. Independent, and Commercial) and two service departments (Accounting and Facilities) at DuBay Films for the past month follow Supplying Department Accounting Facilities Direct cost From: Service department costs Accounting Facilities Total allocations Accounting Direct costs Total costs 0.20 $ 190,000 Accounting Required: Allocate service department costs to Training, Independent, and Commercial using the reciprocal method. What are the total costs of Training, Independent, and Commercial after this allocation? 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. S Facilities 0.40 $ 184,500 S OS Using Department Training 0$ 0.30 0.20 $ 330,000 Facilities Independent 0.20 0.20 $ 201,000 Cost Allocation To: Training 0 $ 0 $ Commercial 0.10 0.40 $ 287,000 Independent 0 $ 0 $ 0$ 0 $ Commercial

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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