Question
Super Grocery store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments: Expense Basis
Super Grocery store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments:
Expense | Basis for allocation | Amount | |||
Administrative | Square feet of floor space | $ | 25,000 | ||
Advertising | Amount of dollar sales | $ | 18,000 | ||
The following information is available for its three operating (sales) departments:
Department | Square Feet | Dollar Sales | ||||
Produce | 1,200 | $ | 90,000 | |||
Bakery | 800 | $ | 40,000 | |||
Meats | 2,000 | $ | 52,000 | |||
Totals | 4,000 | $ | 182,000 | |||
What is the total administrative expense allocated to the Meats department?
Multiple Choice
$12,500.
$16,500.
$5,495.
$2,000.
$4,000.
Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,240,000; sales of $4,665,000; cost of goods sold of $2,690,000; and operating expenses of $1,512,000. Compute the division's return on investment:
Multiple Choice
17.21%.
23.44%.
10.92%.
9.92%.
6.62%.
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