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Luda [366]
3 years ago
6

Madison Park Co-op, a whole foods grocery and gift shop, has provided the following data to be used in its service department co

st allocations: Service Departments Operating Departments Administration Janitorial Groceries Gifts Departmental costs before allocations $190,000 $70,000 $3,860,000 $350,000 Employee-hours 500 350 2,690 160 Space occupied—square feet 1,000 1,100 9,200 800 Required: Using the step-down method, allocate the costs of the service departments to the two operating departments. Allocate Administration first on the basis of employee-hours and then Janitorial on the basis of space occupied. (Please enter allocations from a department as negative and allocations to a department as positive. The line should add across to zero. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)
Business
1 answer:
REY [17]3 years ago
7 0

Answer:

Total cost Groceries department 4,103,238

Total cost Gif department 366,763

Explanation:

\left[\begin{array}{ccccc}&Administration&Janitorial&Grocerys&Gifs\\$employee hours&&350&2690&160\\$square feet&&&9200&800\\Direct \: Cost&190000&70000&3860000&350000\\$Allocate A&-190000&20781.25&159718.75&9500\\$Subtotal&&90781.25&4019718.75&359500\\$Allocate J&&-90781.25&83518.75&7262.5\\$Total&&&4103237.5&366762.5\\\end{array}\right]

Adminstration cost will be distributed among Janitorial, Groceries and Gifs

we add up the employee hours:

350 + 2690 +160 = 3200

Then, we cross multuply:

190,000 x 350/3200 = 20781.25

190,000 x 2690/3200 = 159718.75

190,000 x 160/3200 = 9500

we add them to their cost and then do the same for Janitorial.

9200+ 800 = 10,000

90781.25 x 9200/10000 = 83518.75

90781.25 x 800/10000 = 7262.5

giving the total cost of the operating departments.

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How the consumer motivated to purchase product. what are the critaria and decision making​
kondor19780726 [428]

Answer:

In plain terms, the consumer motivation is the set of cognitive factors driving a customer's determination to make a single sale. The payment is the ultimate product of a "Purchaser's Process" scheme, a three-stage mechanism consisting of:

1.Awareness.

2.Interest.

Determination 

3 0
3 years ago
when banker expects a rise in interest rates in the fututre then the best strategy for the present is
oksano4ka [1.4K]

Answer:

Increase duration of the bank assets

Explanation:

Because When the duration of assets is longer than the duration of liabilities, this allows for a the duration gap is positive. And so even if interest rates rise, assets will lose more value than liabilities, hence reducing the value of the firm's equity.

7 0
3 years ago
Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received
mojhsa [17]

Answer:

(a) Payment =  $4,459

(b) payment = $4,120

Explanation:

solution

we know that Payment will be here

in 1st part (a)  

payment = Mercahndise - sales and allwances - discount + frieght    ..............1

so here

Discount = (merchandise - sales return and allowance) × Discount%     .........2

put here value

Discount =  ( 5,700 - 1600 ) × 1%

Discount =  $41

so

from equation 1 payment will be

Payment = 5700 - 1600 - 41+400

Payment =  $4,459

and

in 2nd part (b)  

from equation 2

put the value

Discount  = (4,800 - 800 ) × 2%

Discount  = $80

so

Payment will be here

payment = 4800 - 800 - 80 + 200

payment = $4,120

3 0
3 years ago
Annual production and sales level of Product A1 is 9,280 units, and the annual production and sales level of Product B2 is 23,11
xxTIMURxx [149]

Answer:

Overhead per unit of Product B2 = $4.46

Explanation:

We know,

Allocation overhead to product line under A B C costing = Total overhead cost of specific product line/total number of products sold.

For each activity, the allocated overhead cost to product B2 = Total budgeted cost × [Product B2/(Product A1 + Product B2 of that activity)]

Activity 1 allocated to Product B2 line: $56,000 × 5,600/7,600 = $41,263

Activity 2 allocated to Product B2 line: $71,000 × 5,560/8,600 = $45,902

Activity 3 allocated to Product B2 line: $96,000 × 1,600/9,600 = $16,000

Total overhead allocated to Product B2 = $103,165

Overhead per unit of Product B2: $103,165/23,110 = $4.46

5 0
3 years ago
Archer Construction Company began work on a $420,000 construction contract in 2017. During 2017, Archer incurred costs of $278,0
zheka24 [161]

Answer:

This a loss making contract of $33,000

Explanation:

Under I.A.S 11, The following steps are followed

<em>Step 1 - Determine Expected Outcome of the Contract </em>

Project Value - 420,000

Cost to date -  (278,000)

Cost to complete - (175,000)

Outcome of Contract is Loss of $33,000

<em>Step 2 - Determine the amounts to be recognized in Income Statement for Profit, Revenue and Cost .</em>

Cost to date -  278,000

Contract Loss  (33,000)

Revenue (Balancing Amount = $245,000

<u>Journal Entries</u>

Dr  Cost expended to date - 278,000

Cr      Revenue to date -             245,000

Cr      Loss                                      33,000

b) Percentage Completion Method

Stage of Completion %  = (Costs incurred to Date / Total Contract Costs )*100

278,000/453,000 = 61.36%

Revenue recognizable = 61.36% * Contract Value = 257,712

Cost to date  =................................................................. = 278,000

Loss to Date (balancing figure)................................... =   20,288

<u>Journal Entries</u>

Dr  Cost expended to date - 278,000

Cr      Revenue to date -             257,712

Cr      Loss                                      20,288

8 0
3 years ago
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