Question: Need help on formulas Using the rounded amounts from the support cost allocation table (previous task), complete the following table to allocate the production department

Need help on formulas

Using the rounded amounts from the support cost allocation table (previous task), complete the following table to allocate the production department costs to each product line. Round allocated amounts to the nearest whole dollar.

Thousand Board Feet Weight Factor Weighted Thous. Bd. Ft. Weighted % of Board Feet Final Department Costs Cost Allocation to Product Line
Log Yard:
Hardwood % $ $
Softwood
Total Log Yard % $
Milling:
Hardwood % $ $
Softwood
Total Milling % $
Drying:
Hardwood % $ $
Softwood
Total Drying % $
Packaging:
Hardwood % $ $
Softwood
Total Packaging % $

Forest Land earns revenue of $100,000 from selling its by-products, wood shavings and saw dust. Allocate the revenue to each product line in the following table and determine the final cost per product line.

Thousand Board Feet Percentage of Board Feet By-product Revenue Portion of By- product Revenue
Hardwood % $100,000 $
Softwood 100,000
Total % $

Cost per Product Line
Hardwood Softwood
Log Yard $ $
Milling
Drying
Packaging
Subtotal $ $
Portion of By-product revenue
Total cost per product line $ $

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