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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 $ 147,600 112,200 48,300 140, 210 Service department costs Repair Quality control Total $ Repair Repair 0 0.3 Proportion of Services Used by Quality Control Fabricating 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 S 0.3 0 Cost Allocation To: Quality Control 0 0.5 0.2 Fabricating $ Finishing 0.2 0.5 0 $ Finishing 0

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 $ 147,600 112,200 48,300 140, 210 Service department costs Repair Quality control Total $ Repair Repair 0 0.3 Proportion of Services Used by Quality Control Fabricating 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 S 0.3 0 Cost Allocation To: Quality Control 0 0.5 0.2 Fabricating $ Finishing 0.2 0.5 0 $ Finishing 0

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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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 $ 147,600 112, 200 48,300 140,210 Service department costs Repair Quality control Total $ Repair Repair 0 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 Fabricating Finishing Cost Allocation To: 0.5 0.2 0 $ Fabricating 0.2 0.5 0 $ Finishing 0
Transcribed Image Text: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 $ 147,600 112, 200 48,300 140,210 Service department costs Repair Quality control Total $ Repair Repair 0 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 Fabricating Finishing Cost Allocation To: 0.5 0.2 0 $ Fabricating 0.2 0.5 0 $ Finishing 0
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