Dhapa 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 variousdepartments for the month of March follow:DepartmentFabricatingFinishingRepairQuality ControlProportion of Services Used byQualityDirect CostsRepair ControlFabricatingFinishing$ 154,600110,20047,40000.20.50.388,6000.800.10.1Exercise 11-25 (Algo) Cost Allocation: Direct Method (LO 11-1)Required:Compute the allocation of service department costs to producing departments using the direct method.Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.Total AllocatedFabricatingFinishingCosts

Under the direct method of support department cost allocation, cost of support department is…

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: Proportion of Services Used by Department Fabricating Finishing Repair Quality Control Direct Costs Repair Quality Control $ 154,600 Fabricating Finishing 110,200 47,400 0 0.2 0.5 0.3 88,600 0.8 0 0.1 0.1 rcise 11-25 (Algo) Cost Allocation: Direct Method (LO 11-1) uired: pute the allocation of service department costs to producing departments using the direct method. : Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Total Allocated

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: Proportion of Services Used by Department Fabricating Finishing Repair Quality Control Direct Costs Repair Quality Control $ 154,600 Fabricating Finishing 110,200 47,400 0 0.2 0.5 0.3 88,600 0.8 0 0.1 0.1 rcise 11-25 (Algo) Cost Allocation: Direct Method (LO 11-1) uired: pute the allocation of service department costs to producing departments using the direct method. : Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Total Allocated

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

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Concept explainers

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit. Overhead expenses depend upon the nature of the business operations.

Question

Dhapa

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
$ 154,600
110,200
47,400
0
0.2
0.5
0.3
88,600
0.8
0
0.1
0.1
Exercise 11-25 (Algo) Cost Allocation: Direct Method (LO 11-1)
Required:
Compute the allocation of service department costs to producing departments using the direct method.
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.
Total Allocated
Fabricating
Finishing
Costs

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