Answered step by step
Verified Expert Solution
Question
1 Approved Answer
pls help! Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two
pls help!
Marks Corporation has two operating departments, Drilling and Grinding, 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 Salaries Depreciation Advertising Total $ 52,000 37,000 75,000 Allocation Tants Number of employees Cost of goods sold Net sales Item Number of employees Net sales Cont of goods sold Delting Grinding Total 1,600 2,400 4,000 $400,000 $600.000 $1,000,000 $152,000 $240,000 $400,000 The amount of the total office expenses that should be allocated to Driling for the current period is Mul Choice $64.860 $100,000 5111800 $164000 0000095 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started