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zzz [600]
4 years ago
12

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses a

re allocated to the two departments using different allocation bases. The following information is available for the current period: Office Expenses Total Allocation Basis Salaries $ 32,000 Number of employees Depreciation 21,000 Cost of goods sold Advertising 43,000 Net sales Item Drilling Grinding Total Number of employees 1,160 1,740 2,900 Net sales $ 328,250 $ 479,750 $ 808,000 Cost of goods sold $ 78,000 $ 130,000 $ 208,000 The amount of the total office expenses that should be allocated to Grinding for the current period is (Do not round your intermediate calculations.)
Business
1 answer:
Dahasolnce [82]4 years ago
8 0

Answer:

$57,856

Explanation:

Marks Corporation has two operating departments grinding and drilling. To calculate total office expense of Grinding we will allocate the expense as according to their allocations bases

Expense * Grinding allocation basis / total expense of allocation base

Salaries: 32,000 * 1740 / 2900 = 19,200

Depreciation: 21,000 * 130,000 / 208,000 = 13,125

Advertising: 43,000 * 479,750 / 808,000 = 25,531

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I would say that the effects of such positive benefits as health insurance or paid parental leave will make the workplace much more attractive and cause a big rush to obtain employment at such places. It is well to remember that without the sacrifice of labour unions including jailings, beatings and even deaths these benefits would not be there ie they would not come just out of the goodness of someone's heart.
5 0
4 years ago
On January 1, 2021, Ackerman sold equipment to Brannigan (a wholly owned subsidiary) for $200,000 in cash. The equipment had ori
just olya [345]

Answer:  $‭322,000‬

Explanation:

Consolidated income = Net income from Ackerman + Net Income from Brannigan + Excess depreciation - Amortization of unpatented tech - Gain from transfer of equipment

Excess depreciation = New depreciation of equipment - Old depreciation

Depreciation is straight line;

= (200,000/5 years) - (110,000/5)

= $18,000

Gain from transfer of equipment

= Sales - Book value

= 200,000 - 110,000

= $90,000

Consolidated income = 300,000 + 98,000 + 18,000 - 4,000 - 90,000

= $‭322,000‬

5 0
4 years ago
Describe the meaning of venture opportunity screening.
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6 0
3 years ago
The field of accounting that focuses on providing information for external decision makers is:.
SSSSS [86.1K]

The field of accounting that focuses on providing information for external decision makers is Managerial accounting. This is further explained below.

<h3>What is Managerial Accounting?</h3>

Generally, Information for external decision-makers is the primary emphasis of managerial accounting. For investment decisions, stockholders rely heavily on management accounting data.

In conclusion, Managerial accounting is a branch of accounting that specializes in the dissemination of economic data to external decision-makers.

Read more about Managerial accounting

brainly.com/question/14570679

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8 0
2 years ago
why does it not make any Economic sense to produce in stage one and stage three of short run production function​
galina1969 [7]

Answer:

Stage 1

Stage one is the period of most growth in a company's production. In this period, each additional variable input will produce more products. This signifies an increasing marginal return; the investment on the variable input outweighs the cost of producing an additional product at an increasing rate. As an example, if one employee produces five cans by himself, two employees may produce 15 cans between the two of them. All three curves are increasing and positive in this stage.

Stage 2

Stage two is the period where marginal returns start to decrease. Each additional variable input will still produce additional units but at a decreasing rate. This is because of the law of diminishing returns: Output steadily decreases on each additional unit of variable input, holding all other inputs fixed. For example, if a previous employee added nine more cans to production, the next employee may only add eight more cans to production. The total product curve is still rising in this stage, while the average and marginal curves both start to drop.

Stage 3

In stage three, marginal returns start to turn negative. Adding more variable inputs becomes counterproductive; an additional source of labor will lessen overall production. For example, hiring an additional employee to produce cans will actually result in fewer cans produced overall. This may be due to factors such as labor capacity and efficiency limitations. In this stage, the total product curve starts to trend down, the average product curve continues its descent and the marginal curve becomes negative.

6 0
3 years ago
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