Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two operating departments

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two operating departments using different allocation bases. The following information is available for the current period: Office Expenses Salaries Depreciation Advertising Department Drilling Grinding Total Multiple Choice O $59,813. $69,063. Total $ 50,000 30,000 70,000 The amount of the total office expenses that should be allocated to Grinding for the current period is (Do not round your intermediate calculations.) $90,313. Number of employees 2,600 3,900 6,500 Allocation Basis Number of employees Cost of goods sold Percentage of total sales Sales $357,500 522,500 $880,000 Cost of goods sold $105,000 175,000 $280,000
image text in transcribed
Marks Corporation has two operaung depatments, Driting and Grintling, and an oftice. The three cotegories of office experses are allocated to the two operating deportments using different allocation bases. The following information is avaliable for the current period: The amount of the total office expenses that should be ellocated to Grinding for the current period is (Do not round your intermediate calculations.) Multiple Choice 559.813 $69.063 590,313

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

Effective Internal Auditing

Authors: Manuel E. Peña-Rodríguez

1st Edition

ISBN: 1736742922, 978-1736742921

More Books

Students also viewed these Accounting questions

Question

explain what is meant by experiential learning

Answered: 1 week ago

Question

identify the main ways in which you learn

Answered: 1 week ago