Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Please help, will thumbs up. Bradbo owned two adjoining restaurants, the Pork Palace and the Chicken Hut. Each restaurant was treated as a profit center

  1. Please help, will thumbs up.
image text in transcribed Bradbo owned two adjoining restaurants, the Pork Palace and the Chicken Hut. Each restaurant was treated as a profit center for performance evaluation purposes. Althougl the restaurants had separate kitchens, they shared a central baking facility. The principal costs of the baking area included materials, supplies, labor, and depreciation and maintenance on the equipment. Bradbo allocated the monthly costs of the baking facility to the two restaurants based on the number of tables served in each restaurant during the month using dual allocation and equal sharing of fixed costs. In April, the costs were $33,000, of which $17,500 were fixed. The Pork Palace served 4,400 tables, while the Chicken Hut servec 3,600 tables. The amount of joint cost that should have been allocated to the Pork Palace in April is calculated to be: Multiple Choice $8,800. $15,700. $17,275. $19,800. $24,200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions