Ready Company has two operating (production) departments: Assembly and Painting. Assembly has 280 employees and occupies 57,600 square feet; Painting has 120 employees and occupies 38,400 square feet. The company has indirect expenses that consist of administrative expenses of $88,000 and maintenance expenses of $108,000. Administrative expenses are allocated based on the number of workers in each department and maintenance is allocated based on square footage. The total amount of indirect expenses that should be allocated to the Painting Department for the current period is:

A companys flexible budget for 12,500 units of production showed sales, $56,250; variable costs, $18,750; and fixed costs, $16,500. The income expected if the company produces and sells 16,500 units is:

A company produced 228 units of Product L and 171 units of Product M during the current period and incurred joint costs of $1,000. Product L sells for $10 per unit and Product M sells for $20 per unit. Compute the cost to be allocated to Product M for this periods joint costs if the value basis is used.