Ch 22 Homework i 3 Saved 3 Part 2 of 2 points eBook References ! Required...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6651b9be262f1_9976651b9bdbdc9c.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6651b9beb661f_9986651b9be5060c.jpg)
Transcribed Image Text:
Ch 22 Homework i 3 Saved 3 Part 2 of 2 points eBook References ! Required information [The following information applies to the questions displayed below.] National Retail has two departments, Housewares and Sporting. Indirect expenses for the period follow. Rent Advertising Insurance Total $ 45,000 25,000 10,000 $ 80,000 The company occupies 4,000 square feet of a rented building. In prior periods, the company divided the $80,000 of indirect expenses by 4,000 square feet to find an average cost of $20 per square foot, and then allocated indirect expenses to each department based on the square feet it occupied. The company now wants to allocate indirect expenses using the allocation bases shown below. Department Housewares Sporting Total Sales $ 300,000 200,000 Square Feet 1,720 2,280 4,000 $ 500,000 Value of Insured Assets $ 52,000 48,000 $ 100,000 2. Allocate indirect expenses to the two departments. Rent expense is allocated based on square feet occupied. Advertising expense is allocated based on total sales. Insurance expense is allocated based on the value of insured assets. 3 Part 2 of 2 Total 4,000 $ 500,000 $ 100,000 2. Allocate indirect expenses to the two departments. Rent expense is allocated based on square feet occupied. Advertising expense is allocated based on total sales. Insurance expense is allocated based on the value of insured assets. Allocate $45,000 of rent using square feet occupied 3 points Housewares Sporting Total eBook References Square Feet Percent of Total Cost Allocated 1,720 $ 52,000 2,280 4,000 0% $ 52,000 Allocate $25,000 of advertising using percentage of sales Housewares Sporting Total Sales $ 0 Percent of Total Cost Allocated 0% $ 0 Allocate $10,000 of insurance using value of insured assets Housewares Sporting Total Assets Insured Percent of Total Cost Allocated $ 0 0% $ 0 Ch 22 Homework i 3 Saved 3 Part 2 of 2 points eBook References ! Required information [The following information applies to the questions displayed below.] National Retail has two departments, Housewares and Sporting. Indirect expenses for the period follow. Rent Advertising Insurance Total $ 45,000 25,000 10,000 $ 80,000 The company occupies 4,000 square feet of a rented building. In prior periods, the company divided the $80,000 of indirect expenses by 4,000 square feet to find an average cost of $20 per square foot, and then allocated indirect expenses to each department based on the square feet it occupied. The company now wants to allocate indirect expenses using the allocation bases shown below. Department Housewares Sporting Total Sales $ 300,000 200,000 Square Feet 1,720 2,280 4,000 $ 500,000 Value of Insured Assets $ 52,000 48,000 $ 100,000 2. Allocate indirect expenses to the two departments. Rent expense is allocated based on square feet occupied. Advertising expense is allocated based on total sales. Insurance expense is allocated based on the value of insured assets. 3 Part 2 of 2 Total 4,000 $ 500,000 $ 100,000 2. Allocate indirect expenses to the two departments. Rent expense is allocated based on square feet occupied. Advertising expense is allocated based on total sales. Insurance expense is allocated based on the value of insured assets. Allocate $45,000 of rent using square feet occupied 3 points Housewares Sporting Total eBook References Square Feet Percent of Total Cost Allocated 1,720 $ 52,000 2,280 4,000 0% $ 52,000 Allocate $25,000 of advertising using percentage of sales Housewares Sporting Total Sales $ 0 Percent of Total Cost Allocated 0% $ 0 Allocate $10,000 of insurance using value of insured assets Housewares Sporting Total Assets Insured Percent of Total Cost Allocated $ 0 0% $ 0
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Check that the requirements for the theoretical model are met for the data from the Hendrick Software Sales Company. Are there any outliers? Are there any influential observations?
-
_____ is the document used for recording the time spent by various workers on each job _____.
-
(Appendix 2; payback; NPV) Fullerton Department Stores is a growing business that is presently considering adding a new product line. The firm would be required by the manufacturer to incur setup...
-
Changes in the Cash Account indicate the impact of the following corporate actions on cash, using the letter I for an increase, D for a decrease, or N when no change occurs: a. A dividend is paid...
-
Master Chief sees an abandoned wraith (at position W) and gets on board. It has a machine gun mounted to the front that can rotate 90 left and right, and a bunch of grunts are swarming him. How can...
-
Transcribed image text: ABC Company has the following balances in its Stockholders' Equity accounts: Common stock, 85 par, 200,000 shares outstanding $ 1,000,000 Paid-in capital in excess of par,...
-
Decided to embark on a personal improvement project centered around time management after reviewing the insightful workbook by Neuhauser et al. (2004). My decision was influenced by my recognition...
-
You are the Senior Manager of IAuditYou LLP, you were recently assigned to take over a very important client for the company, The engagement partner, Max Roff, has been the audit partner for the past...
-
To create 3 scenarios (positive, neutral and negative) for the development of the restaurant. Include the following important factors in your assessments: border trade as one of the most important...
-
Description of market segment Aged between 34 and 58 Regular commuters Clerical or professional Income over $50K Moderately price-sensitive but may see higher price as an indicator of quality...
-
How has the job of the manager changed over time (since the publication of the Mintzberg article below)? What factors have contributed to shifts in the manager's role? What new roles are managers...
-
Describe the different generations that make up what some people are now referring to as "generational diversity" and identify their unique characteristics. What are the implications of generational...
-
Capacity and pricing decision Hudson Hydronics, Inc. is a corporation based LO 1, 2 in Troy, New York, that sells high-quality hydronic control devices. It manufac tures two products, HCD1 and HCD2,...
-
Capacity and product mix decision Barney Toy Company manufactures large LO 1, 2 and small stuffed animals. It has a long-term contract with a large chain of dis count stores to sell 3000 large and...
-
Capacity and product mix decision Chang Company makes two types of L0 1,2 wood doors: standard and deluxe. The doors are manufactured in a plant con sisting of three departments: cutting, assembly,...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App