MC Qu. 115 Super Grocery store allocates... 1 Super Grocery store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments: points Expense Administrative Advertising Basis for allocation Square feet of floor space Amount of dollar sales Amount $24,000 $17,990 Book The following information is available for its three operating (sales) departments: Refren Department Produce Bakery Meats Totals Square Dollar Feet Sales 1,170 $ 89,000 780 $ 39,000 1,950 $ 51,000 3,900 $179,000 What is the total administrative expense allocated to the Meats department? Multiple Choice $15.900 $1,950 O $12.000 $3.900 $5.360 2 MC Qu. 109 Canfield Technical School allocates... Canfield Technical School allocates administrative costs to its respective departments based on the number of students enrolled, while maintenance and utilities are allocated per square feet of the classrooms. Based on the information below, what is the total amount of maintenance cost to the Carpentry Department (rounded to the nearest dollar) if administrative costs for the school were $84,000, maintenance fees were $27,000, and utilities were $7,500? points eBook Department Electrical Welding Accounting Carpentry Total Students 250 150 75 25 500 Classrooms 15,300 sq. ft. 20,400 sq. ft. 10,200 sq. ft. 5,100 sq. ft. 51,000 sq. ft. References Multiple Choice $2,700 $780. $1,350 $27,000 0 $1,500 3 MC Qu. 145 The following is a partially completed... The following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports the total amounts of direct and indirect expenses for the four departments. Purchasing department expenses are allocated to the operating departments on the basis of purchase orders. Maintenance department expenses are allocated based on square footage. 1 points Purchasing $45,000 Maintenance $25,880 Operating costs No. of purchase orders Sq. ft. of space eBook Fabrication $109,000 15 3,950 Assembly $75,000 5 2,050 References Required: Compute the amount of Purchasing department expense to be allocated to Assembly Multiple Choice $16.95 $33,750 $11,250 $8,815 $20,250 MC Qu. 143 Pleasant Hills Properties is developing... 4 Pleasant Hills Properties is developing a golf course subdivision that includes 225 home lots; 100 lots are golf course lots and will sell for $113,000 each: 125 are street frontage lots and will sell for $83,000. The developer acquired the land for $1,980,000 and spent another $1,580,000 on street and utilities improvement Compute the amount of joint cost to be allocated to the street frontage lots using value basis. (Round your intermediate calculation to one decimal place.) aints Multiple Choice eBook $1,705,240. References $1,552,040 $1,907,880. $2,148,880. $1,854,760 MC Qu. 147 The following is a partially completed... 5 The following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports the total amounts of direct and indirect expenses for the four departments. Purchasing department expenses are allocated to the operating departments on the basis of purchase orders. Maintenance department expenses are allocated based on square footage. Compute the amount of Maintenance department expense to be alocated to Assembly points Purchasing $48,000 Maintenance $27,600 Fabrication Assembly $112,000 $78,000 15 5 4,100 1,900 Operating costs No. of purchase orders Sq. ft. of space cBook References Multiple Choice $18,860 $12.000 $36.000 $8,740. $13,800 6 MC Qu. 141 Holo Company reported the following... Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,870,000; sales of $5,445.000; cost of goods sold of $3,260,000; and operating expenses of $1,154,000. Assume a target income of 14% of average invested assets. Compute residual income for the division: points Multiple Choice eBook $209,200 References O $268,700 O $103,100 $144,340 $144,387 MC Qu. 137 Kragle Corporation reported the following... 7 Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $660,000: sales of $1,120,000; and income of $146,720. The investment center profit margin is: points Multiple Choice eBook 449.8% References 22.2% 169.7% 13.1%. O 58.9%