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Nerds for Hire, Inc. (NFH), has three profit centers, Coding, Marketing, and Accounting, and three cost centers, Hiring, Security, and C-Suite (the executives). Below are
Nerds for Hire, Inc. (NFH), has three profit centers, Coding, Marketing, and Accounting, and three cost centers, Hiring, Security, and C-Suite (the executives). Below are the revenue and direct expenses for NFH. NFH has the following indirect expenses, which are allocated. Rent of $64,000, which is allocated over square feet used by each department Utilities of $28,000, which is allocated over square feet used by each department Corporate Training of $50,000, which is allocated over the number of employees working in each department NFH has a total of 10,000 square feet and 250 employees. Based on your calculations above, what are the total expenses (direct + indirect) in each of the three service departments (cost centers)? Use whole numbers only. Do not use the dollar (\$) sign. Use the information from the previous questions to answer this question. NFH allocated service department expenses as follows. Hiring expenses are allocated by number of new hires. Security expenses are allocated by number of square feet. C Suite expenses are allocated by the number of employees in each department. Coding hired 20 new employees during the period. Marketing hired 7 new employees. Accounting hired 13 new employees. What is the allocation rate for Hiring? per new hire. What is the allocation rate for Security? per square foot What is the allocation rate for C Suite? per employee Use whole dollars only What is the allocation rate for Rent? Use the information from the last question to complete this question. Below are the square feet used by each department and the number of employees in each department Allocate the indirect expenses to each of the departments Round your answers to the nearest whole number
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