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olchik [2.2K]
3 years ago
13

Support Department Allocations The centralized computer technology department of Hardy Company has expenses of $327,000. The dep

artment has provided a total of 10,900 hours of service for the period. The Retail Division has used 1,199 hours of computer technology service during the period, and the Commercial Division has used 9,701 hours of computer technology service. How much should each division be allocated for computer technology department services? Do not round interim calculations. Retail Division $ Commercial Division $
Business
1 answer:
Alex73 [517]3 years ago
7 0

Answer:

Retail division = 1199 * 30 = $35,970

Commercial division = 9701 * 30 = $291,030

Explanation:

We assume that the allocation is done by activity basis and thus computer technology department's expenses will be allocated on the total number of service hours used.

The per hour expense = 327,000 / 10,900 = $30/ hour

Costs are allocated as follows,

Retail division = 1199 * 30 = $35,970

Commercial division = 9701 * 30 = $291,030

Hope that helps.

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Not adjusting the amounts reported in the financial statements for inflation is an example of which basic principle of accountin
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Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.

What is Monetary unit?

The monetary unit principle stipulates that only transactions that may be stated in terms of a currency should be documented. In other words, non-quantifiable items shouldn't be recorded in the financial statements of a company. Money has become a common measurement unit in accounting over time.

Therefore,

Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.

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Initial margin requirements are determined by:________
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b. the Federal Reserve System.

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3 years ago
When launching a new venture, finding a way to begin doing business must ______________ generate cash flow, build credibility, a
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Assume that an economy produces only two goods, pizza and wings. Place the events in order, to show how an improvement in pizza-
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2 years ago
Read 2 more answers
A company reported total equity of $145,000 at the beginning of the year. The company reported $210,000 in revenues and $165,000
Allushta [10]

Answer:

e. $ 282,000

Explanation:

To determine the assets of the company at year end, we need to find the equity at year end, this is calculated as follows:

Opening Equity                                                      $ 145,000

Net Income for the year                                        $ 45,000

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Expenses     $ 165,000

Equity at end of year                                            $  190,000

The accounting equation is

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3 years ago
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