Exercise 11-30 (Algo) Cost Allocation: Reciprocal Method (LO 11-1) 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 March follow Department Proportion of Services Used by Quality Direct Costs Repair Control Fabricating Finishing $154,600 Fabricating Finishing Repair Quality Control Required: 110,200 47,400 167,780 8.3 8.5 0.1 0.2 8.6 Use the reciprocal method to allocate the service costs. (Matrix algebra is not required.)
Exercise 11-30 (Algo) Cost Allocation: Reciprocal Method (LO 11-1) 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 March follow Department Proportion of Services Used by Quality Direct Costs Repair Control Fabricating Finishing $154,600 Fabricating Finishing Repair Quality Control Required: 110,200 47,400 167,780 8.3 8.5 0.1 0.2 8.6 Use the reciprocal method to allocate the service costs. (Matrix algebra is not required.)
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter5: Support Department And Joint Cost Allocation
Section: Chapter Questions
Problem 10E: Support department cost allocation comparison Refer to your answers to Exercises 7-9. Compare the...
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