Question
Jiminez Company paid its annual property tax of $15,800 on its manufacturing facility in January. The company expects to make 3,500 units of product during
Jiminez Company paid its annual property tax of $15,800 on its manufacturing facility in January. The company expects to make 3,500 units of product during the year. During January, 700 units of product were produced. Based on this information: (Do not round intermediate calculations.)
Multiple Choice
$3,160 of the property tax cost should be allocated to the January production.
$1,317 of the property tax cost should be allocated to the January production.
$3,950 of the property tax cost should be assigned to the January production.
$15,800 of the property tax cost should be allocated to the January production.
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