answer in text form please (without image) 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 follow:DepartmentFabricatingFinishingRepairQuality ControlRequired BDirect Costs Repair$ 139,600108,20046,50086,900Required:Use the step method to allocate the service costs, using the following:From:Service department costsRepairQuality controlTotal costs allocateda. The order of allocation starts with Repair.b. The allocations are made in the reverse order (starting with Quality Control).Proportion of Services Used byQuality0.6Complete this question by entering your answers in the tabs below.$Repair$Control Fabricating FinishingRequired 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 $0.2QualityControlCost Allocation To:0.60.1Fabricatingof $0 $Finishing1,300 $52,1400.20.353,440 $27,900027,900

The step-down method is used for allocating the service department's costs to operating or…

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 Proportion of Services Used by Quality Direct Costs Repair Control Fabricating Finishing $ 139,600 108,200 46,500 86,900 Required: Use the step method to allocate the service costs, using the following: From: a. The order of allocation starts with Repair. b. The allocations are made in the reverse order (starting with Quality Control). Service department costs Repair Quality control Total costs allocated Complete this question by entering your answers in the tabs below. 0.2 Required A Required B Use 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. $ Repair 0 $ Cost Allocation To: Quality Control 0.6 8.1 Fabricating of $ 0 $ Finishing 1,300 $ 52,140 0.2 0.3 53,440 $ 27,900 0 27,900

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 Proportion of Services Used by Quality Direct Costs Repair Control Fabricating Finishing $ 139,600 108,200 46,500 86,900 Required: Use the step method to allocate the service costs, using the following: From: a. The order of allocation starts with Repair. b. The allocations are made in the reverse order (starting with Quality Control). Service department costs Repair Quality control Total costs allocated Complete this question by entering your answers in the tabs below. 0.2 Required A Required B Use 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. $ Repair 0 $ Cost Allocation To: Quality Control 0.6 8.1 Fabricating of $ 0 $ Finishing 1,300 $ 52,140 0.2 0.3 53,440 $ 27,900 0 27,900

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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