Answer:
$54,000
Explanation:
Calculation to determine what the amount of Human Resources cost allocated to the Assembly Department is:
Using this formula
Human Resources cost allocated to the Assembly Department=Human Resources budgeted costs* Human resource percentage
Let plug in the formula
Human Resources cost allocated to the Assembly Department=$90,000 x 60%
Human Resources cost allocated to the Assembly Department = $54,000
Therefore Using the step-down method and assuming the Human Resources Department is allocated first, the amount of Human Resources cost allocated to the Assembly Department is:$54,000
Answer:
June 30 Dr. Cr.
Salary Expense $14,800
Salary Payable $14,800
Explanation:
Total Weekly Salary Expense = $37,000
Number of working days in week = 5 days
Salary expense per day = $37,000 / 5
Salary expense per day = $7,400
As 3 days lie in July and year end is June 30
Number of days Accrued = 5 - 3 = 2 days
Salary Expense Accrued = 2 x $7,400
Salary Expense Accrued = $14,800
In the balance sheet, in order to account for the money or amounts that go to an fro in the sheet, we use the equation,
NW = As - Li
where NW is the networth, As is the asset, and Li is liabilities.
From the given above, the total asset (As) is given to be $166.859M. The net worth is equal to the sum of the common stock, cash, and retained earnings.
Networth = ($5.080 M) + ($8.040 M) + ($36.411 M)
Networth = $49.531
The the equation above, we may derive the equation for liability by transposing,
Li = Asset - Networth
Li = ($166.859 M) - ($49.531 M)
Li = $117.328
Hence, the total liability is equal to $117.328.
