Mack Precision Tool and Die has two production departments, Fabricating and Finishing, and two service departments, Repairand Quality Control. Direct costs for each department and the proportion of service costs used by the various departments forthe month of March follow:DepartmentFabricatingFinishingRepairQuality ControlFrom:Service department costsRepairQuality controlTotalDirect Costs Repair$ 132,60094,20040,200242,740Proportion of Services Used byQualityControl00.3Repair0.30Fabricating FinishingRequired: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 yourfinal answers to the nearest whole dollar amounts.QualityControlCost Allocation To:0.50.10.20.6Fabricating Finishing

Mack Precision Tool and Die has two production departments, Fabricating and Finishing, and two service departments, Repal and Quality Control. Direct costs for each department and the proportion of service costs used by the various departments fo the month of March follow: Department Fabricating Finishing Repair Quality Control Direct Costs $ 132,600 94,200 40,200 242,740 Proportion of Services Used by Quality Control Repair 0 0.3 0.3 0 Fabricating Finishing 0.5 0.1 0.2 0.6 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.

Mack Precision Tool and Die has two production departments, Fabricating and Finishing, and two service departments, Repal and Quality Control. Direct costs for each department and the proportion of service costs used by the various departments fo the month of March follow: Department Fabricating Finishing Repair Quality Control Direct Costs $ 132,600 94,200 40,200 242,740 Proportion of Services Used by Quality Control Repair 0 0.3 0.3 0 Fabricating Finishing 0.5 0.1 0.2 0.6 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.

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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