!Required Information[The following information applies to the questions displayed below.]Caro Manufacturing has two production departments, Machining and Assembly, and two service departments,Maintenance and Cafeteria. Direct costs for each department and the proportion of service costs used by the variousdepartments for the month of August follow:DepartmentMachiningAssemblyMaintenanceCafeteriaDirectCosts$100,00066,40041, 20033,000Job CM-22: Machine-hoursJob CM-23:Labor-hoursMachine-hoursLabor-hoursMachiningAssemblyJob CM-22Maintenance Cafeteria0.6Machining150404030Proportion of Services Used byAssume that both Machining and Assembly work on just two jobs during the month of August: CM-22 and CM-23. Costs are allocatedto jobs based on machine-hours in Machining and labor-hours in Assembly. The number of labor- and machine-hours worked in eachdepartment are as follows:Job CM-230.2Assembly403020220Machining0.50.2AssemblyRequired:How much of the service department costs allocated to Machining and Assembly in the direct method should be allocated to Job CM-22? How much should be allocated to Job CM-23? (Round "Department rate" to 2 decimal places and final answers to the nearestwhole dollar.)0.30.2

Required Information [The following information applies to the questions displayed below.] Caro Manufacturing has two production departments, Machining and Assembly, and two service departments, Maintenance and Cafeteria. Direct costs for each department and the proportion of service costs used by the various departments for the month of August follow: Department Machining Assembly Maintenance Cafeteria Direct Costs $100,000 66,400 41,200 33,000 Proportion of Services Used by Maintenance Cafeteria Machining Assembly 0.6 0.2 0.5 52 0.2 0.3 0.2 sume that both Machining and Assembly work on just two jobs during the month of August: CM-22 and CM-23. Costs are alloca jobs based on machine-hours in Machining and labor-hours in Assembly. The number of labor- and machine-hours worked in ea

Required Information [The following information applies to the questions displayed below.] Caro Manufacturing has two production departments, Machining and Assembly, and two service departments, Maintenance and Cafeteria. Direct costs for each department and the proportion of service costs used by the various departments for the month of August follow: Department Machining Assembly Maintenance Cafeteria Direct Costs $100,000 66,400 41,200 33,000 Proportion of Services Used by Maintenance Cafeteria Machining Assembly 0.6 0.2 0.5 52 0.2 0.3 0.2 sume that both Machining and Assembly work on just two jobs during the month of August: CM-22 and CM-23. Costs are alloca jobs based on machine-hours in Machining and labor-hours in Assembly. The number of labor- and machine-hours worked in ea

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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