Mixed economies can evolve when societies with different kinds of economies interact. True or False

Budgeted costs $320,000 $80,000 $160,000 $240,000 Budgeted maintenance-hours NA 1,000 600 400 Number of employees 40 NA 160 480

emmainna [20.7K]

Answer:

a-1. Maintenance Department Cost allocated to production department A = $192,000

a-2. Maintenance Department Cost allocated to production department B = $128,000

b-1. Personnel Department Cost allocated to production department A = $20,000

b-2. Personnel Department Cost allocated to production department B = $60,000

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.

The explanation of the answers is now given as follows:

Direct method is a method of cost allocation in which support departments costs are charged directly to the production departments without charging to the other support department.

Based on the above definition, we therefore have:

a. Allocation of Maintenance Department Cost

Total budgeted maintenance-hours of production departments A and B = Budgeted maintenance-hours of production department A + Budgeted maintenance-hours of production department B = 600 + 400 = 1,000

a-1. Maintenance Department Cost allocated to production department A = Maintenance Department Cost * (Budgeted maintenance-hours of production department A / Total budgeted maintenance-hours of production departments A and B) = $320,000 * (600 / 1,000) = $192,000

a-2. Maintenance Department Cost allocated to production department B = Maintenance Department Cost * (Budgeted maintenance-hours of production department B / Total budgeted maintenance-hours of production departments A and B) = $320,000 * (400 / 1,000) = $128,000

b. Allocation of Personnel Department Cost

Total number of employees of production departments A and B = Number of employees of production departments A + Number of employees of production departments B = 160 + 480 = 640

b-1. Personnel Department Cost allocated to production department A = Personnel Department Cost * (Number of employees of production department A / Total Number of employees of production departments A and B) = $80,000 * (160 / 640) = $20,000

b-2. Personnel Department Cost allocated to production department B = Personnel Department Cost * (Number of employees of production department B / Total Number of employees of production departments A and B) = $80,000 * (480 / 640) = $60,000

Download pdf

8 0

3 years ago

What is the minimum amount due on the following credit card statement?

Ber [7]

Answer:

It can be tempting to pay the minimum amount due on your credit card bill, but it can be really expensive in the long run. Here's what happens if you only pay the minimum on your credit card.

7 0

3 years ago

Read 2 more answers

How would you reconcile for a bank service fee listed on the statement?

konstantin123 [22]

To reconcile for a bank service fee listed on the bank statement, <u>C. enter it</u> into your external register in the same manner as a withdrawal.

<h3>What are bank service fees?</h3>

Bank service fees are charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services.

During bank reconciliation, the correct procedure is to record this transaction in the books as a reduction of the bank balance.

Thus, to reconcile for a bank service fee listed on the bank statement, take Option C.

Learn more about bank service charges at brainly.com/question/26494219

#SPJ1

3 0

2 years ago

During the month of June, Betty Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 P

Assoli18 [71]

Answer:

Betty Incorporated

Journal Entries:

June 3:

DR Inventory $7,100

CR Accounts Payable (North Inc.) $7,100

To record the purchase of goods on account with terms 2/10, n/30.

June 5:

DR Accounts Payable (North Inc.) $2,600

CR Inventory $2,600

To record the return of goods on account.

June 6:

DR Inventory $2,500

CR Accounts Payable (South Corp.) $2,500

To record the purchase of goods on account with terms 2/10, n/30.

June 11:

DR Accounts Payable (North Inc.) $4,500

CR Cash Account $4,410

CR Cash Discount $90

To record the payment of balance owed to North Inc.

June 22:

DR Accounts Payable (South Corp.) $2,500

CR Cash Account $2,500

To record the payment of balance owed to South Corp.

Explanation:

The trade terms 2/10, n/30 mean that both North Inc. and South Corp. offered 2% cash discounts on amount paid by Betty Incorporated if it could settle its bills within 10 days. The net allowed credit days are 30 days, after which Betty Incorporated could be charged interest for late payment. It did not utilize the discount offered by South Corp. as it paid its bills after 16 days instead of within 10 days as stated in the trade terms.

7 0

4 years ago

Catherine received a significant amount of traffic to her online pet store after launching her Display campaign. Unfortunately,

attashe74 [19]

Answer:

Drive action marketing objective

Explanation:

Catherina should choose the drive action marketing objective in order to re-engage with these visitors.

Drive action marketing objective is used to show your ads to potential customers who have already visited your site or completed an online form.

Drive Action objective is effective in finding customers that are very close to making a purchase.

The Drive Action objective helps to maintain the influence of your business and produce more engagement If you’re trying to close a sale or keep a conversation going with customers who are ready to act that is customers who are ready to buy.

6 0

3 years ago

Read 2 more answers