Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Edward opened a new gym. They offer personal training with three trainers and themself. They are currently doing their own accounting using accounting software. they

Edward opened a new gym. They offer personal training with three trainers and themself. They are currently doing their own accounting using accounting software. they have hired one person for their human resources, and 4 people to run the front desk who also take care of custodial services. If they use the direct method how would Edward allocate their support department costs? Select answer from the options below Edward does not have support departments since all employees perform these functions. Edward would allocate the human resource costs between the 4 people that work at the front desk. Edward should switch to the reciprocal method since it is the most widely used. Edward will split support costs between his two operating units; the trainers and those that work at the front desk

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these General Management questions