I just need help filling in the rest of the blanks.. ...
90.2K
Verified Solution
Link Copied!
Question
Accounting
I just need help filling in the rest of the blanks..
During the past month, the following costs were incurred in the three production departments and two service departments of Kim & Co.: Administration Supplying Department Administration Factory support Direct cost Using Department Factory Support Fabrication 0.40 0.20 0.10 $1,340,000 $1,740,000 Assembly 0.10 0.20 $286,000 Finishing 0.30 0.60 $256,000 0.10 $660,000 Required: Allocate service department costs to Fabrication, Assembly, and Finishing using the reciprocal method, and determine the total costs of Fabrication, Assembly, and Finishing after this allocation. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts.) From: Assembly Finishing 0 $ 0 Service department costs Administration Factory support 82,708 Cost Allocation To: Administration Factory Support Fabrication $ 660,000 $ 1,340,000 $ 0 $ (827,083) 167,083 (1,670,833) 0 $ (330,833) $ 0 $ 1,740,000 0 (330,833) $ 1,740,000 $ Total allocations 0 $ Direct costs 286,000 286,000 $ 82,708 256,000 338,708 Total costs
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!