Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exercise 22-3 Service department expenses allocated to operating departments LO P2 Advertising department expenses of $43.400 and purchasing department expenses of $57,800 of Cozy Bookstore
Exercise 22-3 Service department expenses allocated to operating departments LO P2 Advertising department expenses of $43.400 and purchasing department expenses of $57,800 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 Books Magazines Newspapers Total $ 175,000 105,000 70.ee $ 350,000 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 Sery Dept EXD Complete the following table by allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments Allocation of Exp Alloc of Serv 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 Cost to be Allocated Allocated Cost P ercent of Allocation Base Numerator Denominator % of Total Department Books Magazines Newspapers Totals Allocation Base Purchasing Department P ercent of Allocation Base Numerator Denominator % of Total Cost to be Allocated Allocated Cost Books Magazines Newspapers Totals Alloc of Serv Dept> Allocation of Exp Alloc of Serv 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 $ 723,000 $ 43,400 $ 57,800 $ 195,200 Magazines Newspapers $ 144,600 $ 282,000 Total department expenses Service Dept. Expenses Advertising Dept. Purchasing Dept Total expenses allocated 5 723,000 S 43,400 $ 57,800 $ 195,200 $ 144,600 5 282,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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