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Problem C: Quinn Company allocates all of its home office expenses to its two segments, A and B. Allocations are based on the following selected

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Problem C: Quinn Company allocates all of its home office expenses to its two segments, A and B. Allocations are based on the following selected expense account balances and additional data: 21 points Home office expenses: Home office Building expense Buying expense Uncollectible accounts Depreciation of home office equipment Advertising expense Insurance expense Total Indirect Expenses Amount $76,800 67,200 8,000 21,120 86,400 23,040 282,560 Allocation base net sales net purchases net sales equipment advertising equipment + average inventory Segment B Total Purchases (net) Sales (net) Equipment (cost) Advertising (cost) Average inventory Segment A S243.200 512,000 96,000 25,600 160.000 $76,800 128.000 64.000 12,800 64,000 $320,000 640,000 160,000 38,400 224.000 Requirement: Prepare a schedule showing the amounts of each type of expense allocable to Segments A and B using these data and bases of allocation. Requirement: Prepare a schedule showing the amounts of each type of expense allocable to Segments A and B using these data and bases of allocation. Problem C-Expense Allocation Seg. A Seg. B Total (Hint: Each of these totals should agree to the Expense Allocation Totals above) Home office building expense Hint: (Segment Sales/total soles) x $76,800 Buying expense Uncollectible accounts Depreciation of home offixe equip Advertising expense Insurance Expense Total Indirect Expenses Allocated

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