am. 293. Exercise 11-28 (Algo) Cost Allocation: Step Method (LO 11-1)Mack Precision Tool and Die has two production departments, Fabricating and Finishing, and two service departments, Repair andQuality Control Direct costs for each department and the proportion of service costs used by the various departments for the month ofMarch followDepartmentFabricatingFinishingRepairQuality ControlDirect Costs Repair Control$ 132,60094,20040,20075,000From:Service department costsRepairQuality controlTotal costs allocatedRequired:Use the step method to allocate the service costs, using the following:Required Ba. The order of allocation starts with Repairb. The allocations are made in the reverse order (starting with Quality Control)Required A Required BFrom:0.0Complete this question by entering your answers in the tabs below.Service department costsQuality controlRepairTotal costs allocatedProportion of Services Used byQualityRequired AUse the step method to allocate the service costs, using the following:The order of allocation starts with Repair.Note: Amounts to be deducted should be indicated by a minus sign. Do not round intermediate calculations.$$0.2RepairQualityControl.Fabricating Finishing0 $0 $0.50.1QualityControlRequired ACost Allocation To:Complete this question by entering your answers in the tabs below.Repair0.30.1< Required A0 $Use the step method to allocate the service costs, using the following:The allocations are made in the reverse order (starting with Quality Control).Note: Amounts to be deducted should be indicated by a minus sign. Do not round intermediate calculations.Cost Allocation To:Fabricating0 $FabricatingFinishing0 $Required B >Finishing0 $Required B >00

A firm may have different departments from manufacturing to service to run its overall business. In…

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 Contral Direct Costs $ 132,600 94,200 40,200 75,000 Proportion of Services Used by Quality Control Fabricating Required: Use the step method to allocate the service costs, using the following 0.5 0.1 Finishing 8.1

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 Contral Direct Costs $ 132,600 94,200 40,200 75,000 Proportion of Services Used by Quality Control Fabricating Required: Use the step method to allocate the service costs, using the following 0.5 0.1 Finishing 8.1

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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