Question: M Question 1 - Week 7 - Chapter 7 Homework - Connect X G https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252Fconnect... . . a Amazon.com - Onli... B. Booking.com McAfee Security

M Question 1 - Week 7 - Chapter 7 Homework -M Question 1 - Week 7 - Chapter 7 Homework -
M Question 1 - Week 7 - Chapter 7 Homework - Connect X G https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252Fconnect... . . a Amazon.com - Onli... B. Booking.com McAfee Security Bookmarks Home > Suggested Sites W WildTangent Games Imported From IE Toshiba > | Other favorites Week 7 - Chapter 7 Homework Saved Help Save & Exit Submit a Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question M 4 Logan Products has two production departments-assembly and finishing. These are supported by two service departments-sourcing Q (purchasing and handling of materials and human resources) and operations (work scheduling, supervision, and inspection). Logan has the following labor hours devoted by each of the service departments to the other departments. o + 3 points Total Labor Hours Used by Departments Sourcing Operations Assembly Finishing Sourcing 20, 000 40,060 60, 000 + Operations 10,000 60, 000 50,000 The costs incurred in the plant are as follows: Departmental Departments Costs Sourcing $ 189,000 Operations 245, 000 Assembly 426, 000 Finishing 271, 000 Total $ 1, 131, 000 Required: 1. What are the costs allocated to the two production departments using (a) the direct method, (b) the step method, when the sourcing department that provides the greatest percentage of services to other service departments goes first, and (c) the reciprocal method? Mc Graw Hill USD/CNY 10:27 PM Q Search -0.17% A 8/4/2024M Question 1 - Week 7 - Chapter 7 Homework - Connect X G https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252Fconnect... . . a Amazon.com - Onli... B. Booking.com McAfee Security Bookmarks 3 Home > Suggested Sites W WildTangent Games )Imported From IE Toshiba > | Other favorites Week 7 - Chapter 7 Homework Saved Help Save & Exit Submit a Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question M 4 2. What are the total costs in the production departments after allocation? (For all requirements, do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Q x Answer is complete but not entirely correct. + 3 points Total Service Department Total Cost Production Allocated Cost + a. Direct Method Assembly $ 209,236 $ 635,236 Finishing 224,764 495, 764 b. Step Method Assembly 213,818 639,818 Finishing 220, 182 491, 182 C. Reciprocal Method Assembly 210,386 x 223,014 X Finishing 636,386 x 434,014 x Mc Graw Hill USD/CNY 10:27 PM () O -0.17% Q Search 8/4/2024

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!