Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Can you please explain how you got the cost to be allocated for personal expenses and office expenses Gomez Compony has two service deportments (Persannel
Can you please explain how you got the cost to be allocated for personal expenses and office expenses
Gomez Compony has two service deportments (Persannel end Office) end two opersting deportments (Ghoes and Clothing). Fallawing are the direct expenses and square feet occupied by the four deportments, and the tatal so es for the two opersting depsitmenta. The compony a so has 579,000 of utilities expense, which is an indirect expense to all depsrtments and is olocsted to the four depertments bssed on squere feet occupled. The Shoes depsrtment hes 26 employees snd the Cothing deportment has 104 employees. Persannel expense is alloceted to opereting deportments bssed on the number of emplayees. Office expense ls alocated to opersting deportments besed on sales. 1. Alocete utilties expense to the four deportments. 2. Alocste personnel expense to the Shoes and Clothing deportments. 3. Alocste office expense to the Snoes snd C othing depertments
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started