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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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Three years ago, you invested $3,350.00. Today, it is worth $4,100.00. What rate of interest did you earn
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Answer:

6.97%

Explanation:

the formula to be used is

The formula for calculating future value:

FV = P (1 + r)^n

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P = Present value  

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N = number of years  

$4,100.00 = $3,350.00 x ( 1 + r)^3

divide both sides of the equation by $3,350.00

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3 years ago
Kennedy, Inc. reported the following data:
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The cash flows from operating activities section of the statement of cash flows using the indirect method is $172,475.

Explanation:

Kennedy, Inc.

Statement of cash flows (extract)

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         Decrease in accounts payable            (3,109)

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The question does not include any requirements, so I looked for similar questions:

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Download pdf
7 0
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