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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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Answer:

A<u> </u><u>bond</u> will pay income based on an interest rate, while a <u>stock </u>may give dividends to investors. Both interest income and dividends contribute to the <u>return</u> on an investment.

Explanation:

A bond is a long-term debt tool used by governments and corporations to raise funds. To investors, bonds offer long-term investment opportunities that pay interest based on the prevailing market rates.

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5 0
2 years ago
Product A is normally sold for $9.60 per unit. A special price of $7.20 is offered for the export market. The variable productio
Sophie [7]

Answer:

A. Differential Analysis dated March 16

                                    Reject            Accept

Sales revenue per unit  $0              $7.20

Variable production cost 0                5.00

Additional export tariff     0                 1.08

Total variable costs          0             $6.08

Net income                    $0                $1.12

B. The special order should be accepted.

2) Product B:

Revenue of $39,500

Variable cost of goods sold of $25,500

Variable selling expenses of $16,500

Fixed costs of $15,000

Operational loss $17,500

Differential Analysis of May 9

                                    Reject            Accept

Sales revenue             $0                $39,500

Variable costs:

Product                        $0                 25,500

Selling                          $0                  16,500

Fixed costs                  $15,000         15,000

Total costs                   $15,000      $57,000

Net loss                       $15,000       $17,500

B) Product B should be discontinued.

Explanation:

a) Data and Calculations:

Normal selling price per unit of Product A = $9.60

Special order price for the export market = $7.20

Variable production cost = $5.00 per unit

Additional export tariff = $1.08 ($7.20 * 15%)

Total variable production and export costs = $6.08

7 0
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One key planning factor for pandemic influenzas will be:
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8 0
3 years ago
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7 0
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Dr Fair Value Adjustment (Available-for-Sale) $660

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Explanation:

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Cr Unrealized Holding Gain or Loss—Equity $660

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8 0
3 years ago
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