Required information Exercise 11-25 & 11-26 (Algo) (LO 11-1) [The following information applies to the questions displayed below.] 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 Fabricating Finishing $ 148,600 114,200 49,200 92,000 0 0.2 0.5 0.3 0.8 0 0.1 0.1 Exercise 11-26 (Algo) Allocating Service Department Costs First to Production Departments and Then to Jobs (LO 11-1) Assume that both Fabricating and Finishing work on just two jobs during the month of March: MP-47 and MP-48. Costs are allocated to jobs based on labor-hours in Fabricating and machine-hours in Finishing. The number of labor-hours and machine-hours worked in each department are as follows: Job MP-47: Machine-hours Labor-hours Job MP-48: Machine-hours Labor-hours Required: Fabricating Finishing 28 80 78 10 30 53 90 23 How much of the service department costs allocated to Fabricating and Finishing using the direct method should be allocated to Job MP-47? How much should be allocated to Job MP-48? Note: Round "Department rate" to 2 decimal places. Do not round other intermediate calculations. Round final answers to the nearest whole dollar. Job MP-47 Job MP-48 Fabricating Finishing
Required information Exercise 11-25 & 11-26 (Algo) (LO 11-1) [The following information applies to the questions displayed below.] 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 Fabricating Finishing $ 148,600 114,200 49,200 92,000 0 0.2 0.5 0.3 0.8 0 0.1 0.1 Exercise 11-26 (Algo) Allocating Service Department Costs First to Production Departments and Then to Jobs (LO 11-1) Assume that both Fabricating and Finishing work on just two jobs during the month of March: MP-47 and MP-48. Costs are allocated to jobs based on labor-hours in Fabricating and machine-hours in Finishing. The number of labor-hours and machine-hours worked in each department are as follows: Job MP-47: Machine-hours Labor-hours Job MP-48: Machine-hours Labor-hours Required: Fabricating Finishing 28 80 78 10 30 53 90 23 How much of the service department costs allocated to Fabricating and Finishing using the direct method should be allocated to Job MP-47? How much should be allocated to Job MP-48? Note: Round "Department rate" to 2 decimal places. Do not round other intermediate calculations. Round final answers to the nearest whole dollar. Job MP-47 Job MP-48 Fabricating Finishing
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Required information
Exercise 11-25 & 11-26 (Algo) (LO 11-1)
[The following information applies to the questions displayed below.]
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
Fabricating
Finishing
$ 148,600
114,200
49,200
92,000
0
0.2
0.5
0.3
0.8
0
0.1
0.1
Exercise 11-26 (Algo) Allocating Service Department Costs First to Production Departments and Then to
Jobs (LO 11-1)
Assume that both Fabricating and Finishing work on just two jobs during the month of March: MP-47 and MP-48. Costs are allocated to
jobs based on labor-hours in Fabricating and machine-hours in Finishing. The number of labor-hours and machine-hours worked in
each department are as follows:
Job MP-47:
Machine-hours
Labor-hours
Job MP-48:
Machine-hours
Labor-hours
Required:
Fabricating
Finishing
28
80
78
10
30
53
90
23
How much of the service department costs allocated to Fabricating and Finishing using the direct method should be allocated to Job
MP-47? How much should be allocated to Job MP-48?
Note: Round "Department rate" to 2 decimal places. Do not round other intermediate calculations. Round final answers to the
nearest whole dollar.
Job MP-47
Job MP-48
Fabricating
Finishing](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F284d42ed-a97e-41bc-bcfc-75d9717fe5fd%2F5864a476-0ab9-4979-9d81-5059a11cffe4%2F00eo4qu_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
Exercise 11-25 & 11-26 (Algo) (LO 11-1)
[The following information applies to the questions displayed below.]
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
Fabricating
Finishing
$ 148,600
114,200
49,200
92,000
0
0.2
0.5
0.3
0.8
0
0.1
0.1
Exercise 11-26 (Algo) Allocating Service Department Costs First to Production Departments and Then to
Jobs (LO 11-1)
Assume that both Fabricating and Finishing work on just two jobs during the month of March: MP-47 and MP-48. Costs are allocated to
jobs based on labor-hours in Fabricating and machine-hours in Finishing. The number of labor-hours and machine-hours worked in
each department are as follows:
Job MP-47:
Machine-hours
Labor-hours
Job MP-48:
Machine-hours
Labor-hours
Required:
Fabricating
Finishing
28
80
78
10
30
53
90
23
How much of the service department costs allocated to Fabricating and Finishing using the direct method should be allocated to Job
MP-47? How much should be allocated to Job MP-48?
Note: Round "Department rate" to 2 decimal places. Do not round other intermediate calculations. Round final answers to the
nearest whole dollar.
Job MP-47
Job MP-48
Fabricating
Finishing
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