Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Marks Corporation has two operating departments, Drilling and Grinuing, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period office Expenses Total Allocation Basis $30,000 20,000 40,000 Number of employees Cost of goods sold Net sales 010450Salaries Depreciation Advertising eBook Ask Drilling Grinding 1,500 Total Item Number of employees Net sales Cost of goods sold 1,000 2,580 $325,000 $475,000 $8e0,00 $ 75,ee0 $125,ee0 $200,0 The amount of the total office expenses that should be allocated to Drilling for the current Multiple Choice Multiple C 19 35,750 2 0104 14 $ 45,000 $ 54 250 s 90,000 $600,000 Canfield Technical School allocates administrative costs to its respective departmenis based on the number of students enrolle while maintenance and utilities are allocated per square feet of the classrooms. Based on the information below, what is the total amount of administrative cost to the Accounting Department (rounded to the nearest dollar) if administrative costs for the school were $50,000, maintenance fees were $12,000, and utilities were $6,000 Department Students 120 70 50 40 280 Classrooms 10,000 sq. ft. 12,000 sq. ft. 8,000 sq. ft. 6,000 sq. ft. 36,000 sq. ft. Electrical Welding Accounting Carpentry Total Multiple Choice $8,929 $8,929 010114 $17,000. Ask $18,500. $22,667 $11.111 Next > Prev 1 of 25

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

Insights Into The Effectiveness Of Internal Audit

Authors: Rainer Lenz

1st Edition

3659852414, 978-3659852411

More Books

Students also viewed these Accounting questions

Question

List and briefly define four application areas for wireless LANs.

Answered: 1 week ago

Question

Discuss the history of human resource management (HRM).

Answered: 1 week ago