Dhapa 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 variousdepartments for the month of March follow:DepartmentFabricatingFinishingRepairQuality ControlProportion of Services Used byQualityDirect CostsRepair ControlFabricatingFinishing$ 154,600110,20047,40000.20.50.388,6000.800.10.1Exercise 11-25 (Algo) Cost Allocation: Direct Method (LO 11-1)Required:Compute the allocation of service department costs to producing departments using the direct method.Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.Total AllocatedFabricatingFinishingCosts

Under the direct method of support department cost allocation, cost of support department is…

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 $ 154,600 Fabricating Finishing 110,200 47,400 0 0.2 0.5 0.3 88,600 0.8 0 0.1 0.1 rcise 11-25 (Algo) Cost Allocation: Direct Method (LO 11-1) uired: pute the allocation of service department costs to producing departments using the direct method. : Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Total Allocated

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 $ 154,600 Fabricating Finishing 110,200 47,400 0 0.2 0.5 0.3 88,600 0.8 0 0.1 0.1 rcise 11-25 (Algo) Cost Allocation: Direct Method (LO 11-1) uired: pute the allocation of service department costs to producing departments using the direct method. : Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Total Allocated

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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Use the following accounts; Cash Foreign exchange gain Foreign exchange loss Capital Bank Short-term investments Loss on sale of short-term investment Gain on sale of short-term investment RA established his own company, r@ktas Co. The following transactions are the events that occurred during December 2018, the company's first month: Date 12/1 The owner invested $ 200,000 cash for capital. 12/5 r@ktas Co., opened deposit account on Don't Trust Bank and put 2.000 Euro (Exchange rate was 1 Euro= 1,5 Dollar) 12/10 The Company purchased short-term investment with cash for $2,500. 12/18 The Company sold short-term investment with cash for $2.000 Note: • Exchange rate was 1 Euro= 1,4 Dollar at the end of the period. Requirements: 1- Give the journal entry for each transaction. 2- Post each transaction to Taccounts.
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