Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Advertising department expenses of $60,100 and purchasing department expenses of $43,000 of Cozy Bookstore are allocated to operating departments on the basis of dollar sales

image text in transcribed
image text in transcribed
image text in transcribed
Advertising department expenses of $60,100 and purchasing department expenses of $43,000 of Cozy Bookstore are allocated to operating departments on the basis of dollar sales and purchase orders, respectively. Information about the allocation bases for the three operating departments follows. Department Sales Purchase Orders Books $163,800 Magazines 97,500 Newspapers 128,700 Total $390,000 2,400 984 648 768 Complete the following table by allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments. Complete this question by entering your answers in the tabs below. Allocation of Alloc of Serv Exp Dept Complete the following table by allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments ces Allocation Base Percent of Allocation Base Numerator Denominator of Total Cost to be Allocated Allocated Cost Advertising Department Books Magazines Newspapers Totals Floor space occupied Number of orders Sales Purchasing Department Cost to be Allocated Allocated Cost Lercent of Allocation Base Numerator Denominator % of Total FULL www Complete the following table by allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments Complete this question by entering your answers in the tabs below. Allocation of Alloc of Serv Exp Dept Complete the following table by allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments Advertising Allocation Base Percent of Allocation Base Cost to be Allocated Allocated Cost Department Numerator % of Total Books Magazines Newspapers Totals Denominator ces Allocation Base Cost to be Allocated Percent of Allocation Base Numerator Denominator % of Total Allocated Cost Purchasing Department Books Magazines Newspapers Totals Alloc of Serv Dept> operating departments. Complete this question by entering your answers in the tabs below. Allocation of Alloc of Serv Exp Dept Complete the spreadsheet by allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments. (Amounts to be deducted should be indicated with minus sign.) COZY BOOKSTORE Departmental Expense Allocation Spreadsheet Expense Totals Advertising Purchasing Books Magazines Newspapers Total department expenses $ 859,000 $60,100 $ 43,000 $231,900 $ 171,800 $ 352,200 Service Dept. Expenses Advertising Dept Purchasing Dept. Total expenses allocated $ 859,000 s

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Business

Authors: Peter Scott

2nd Edition

0198719868, 9780198719861

More Books

Students also viewed these Accounting questions