Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 2 4 - 4 ( Static ) Payroll expense allocated to departments LO P 2 Mia works in both the jewelry department and the

image text in transcribed
Exercise 24-4(Static) Payroll expense allocated to departments LO P2
Mia works in both the jewelry department and the cosmetics department of a retail store. She assists customers in both departments and organizes merchandise in both departments. The store allocates her wages between the two departments based on the time worked in the two departments in each two-week pay period. Mia reports the following hours and activities spent in the two departments in the most recent two weeks. Allocate Mia's $1,200 of wages for two weeks to the two departments.
\table[[Activities,Hours],[Selling in jewelry department,51],[Organizing in Jewelry department,6],[Selling in cosmetics department,12],[Organizing in Cosmetics department,7],[Total,76]]
\table[[Department,Hours worked,Percent of Hours worked,Wages,Cost Allocated,],[,,Numerator,Denominator,Percent of Hours,,],[Jewelry,,,,,,],[Cosmetics,,,,,,],[Totals,,,,,,]]
image text in transcribed

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

Managerial Accounting Tools for Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

3rd Canadian edition

978-1118727737, 1118727738, 978-1118033890

More Books

Students also viewed these Accounting questions