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 ControlFrom:Direct Costs$ 130,60090, 200Service department costsRepairQuality controlTotal38,40071,600$$RepairRepair00.3Required: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 finalanswers to the nearest whole dollar amounts.38,400 $Proportion of Services Used byQualityControl38,400 $0.30QualityControlCost Allocation To:Fabricating Finishing71,6000.50.171,600 $Fabricating0.20.60 $Finishing0

The various methods for cost allocation from service departments to operating departments are…

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 Direct Costs $ 130,600 90, 200 38,400 71,600 Repair 0 0.3 Proportion of Services Used by Quality Control 0.3 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.)

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 Direct Costs $ 130,600 90, 200 38,400 71,600 Repair 0 0.3 Proportion of Services Used by Quality Control 0.3 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.)

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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