Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mia works in both the jewelry department and the cosmetics department of a retail store. She assists customers in both departments and organizes merchandise

image text in transcribed

Mia works in both the jewelry department and the cosmetics department of a retail store. She assists customers in both departments and organizes merchandise in both departments. The store allocates her wages between the two departments based on the time worked in the two departments in each two-week pay period. Mia reports the following hours and activities spent in the two departments in the most recent two weeks. Allocate Mia's $1,200 of wages for two weeks to the two departments. Activities Selling in jewelry department Organizing in Jewelry department Selling in cosmetics department Organizing in Cosmetics department Total 51 12 T 76 Answer is complete but not entirely correct. Cost Department Hours worked Percent of Hours worked Wages Allocated Numerator Denominator Percent of Hours Jewelry 570 57 760 Cosmetics 190 19 76 75% 25% $ 1,200 $ 7,500 $ 1,200 7,500 Totais 76 100% $ 1,2001 Return to question

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

Financial Accounting

Authors: David Spiceland, Wayne Thomas, Don Herrmann

4th edition

1259307956, 978-1259307959

More Books

Students also viewed these Accounting questions

Question

What are the main criticisms of personality testing?

Answered: 1 week ago