Required information [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: Department Fabricating Finishing Repair Quality Control. Job MP-47: Machine-hours Labor-hours Job MP-48: Direct Costs $ 138,600 Machine-hours Labor-hours 106,200 45,600 85,200 Fabricating 32 82 30 90 Repair Assume that both Fabricating and Finishing work on just two jobs during the month of March: MP-47 and MP-48. Costs are allocate obs 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: 0 0.8 Finishing 80 10 57 27 Proportion of Services Used by Quality Control 0.2 0 Fabricating Finishing 0.5 0.1 0.3 0.1 Required: How much of the service department costs allocated to Fabricating and Finishing using the direct method should be allocated to MP-47? How much should be allocated to Job MP-48? ther intermediate calculations Pound final enswers to the

Required information [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: Department Fabricating Finishing Repair Quality Control. Job MP-47: Machine-hours Labor-hours Job MP-48: Direct Costs $ 138,600 Machine-hours Labor-hours 106,200 45,600 85,200 Fabricating 32 82 30 90 Repair Assume that both Fabricating and Finishing work on just two jobs during the month of March: MP-47 and MP-48. Costs are allocate obs 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: 0 0.8 Finishing 80 10 57 27 Proportion of Services Used by Quality Control 0.2 0 Fabricating Finishing 0.5 0.1 0.3 0.1 Required: How much of the service department costs allocated to Fabricating and Finishing using the direct method should be allocated to MP-47? How much should be allocated to Job MP-48? ther intermediate calculations Pound final enswers to the

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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