1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tems11 [23]
3 years ago
7

Palace Company has two service departments and two user departments. The number of employees in each department is:Personnel 10C

afeteria 25Producing Department A 308Producing Department B 287630The fixed costs of the Personnel Department are allocated on a basis of the number of employees. If these costs are budgeted at $72,450 during a given period, the amount of cost allocated to the Cafeteria under the step method would be:
Business
1 answer:
joja [24]3 years ago
8 0

Answer:

$3,483.17

Explanation:

Calculation for the amount of cost allocated to the Cafeteria under the step method

Using this formula

Allocation to Cafeteria=[Cafeteria/(Cafeteria+Producing Department A+Producing Department B)]×Budgeted costs

Let plug in the formula

Allocation to Cafeteria=[25/(25 + 308 + 287)] x $72,450

Allocation to Cafeteria=(25/520)×$72,450

Allocation to Cafeteria=0.0480769231×$72,450

Allocation to Cafeteria=$3,483.17

Therefore the amount of cost allocated to the Cafeteria under the step method would be $3,483.17

You might be interested in
Does the sec require the entity to disclose in the current reporting period the future effect that the accounting change is expe
nevsk [136]

Estimates of SEC made every period in the normal course of accounting for things like uncollectible accounts or inventory obsolescence do not need disclosure of such effects; nevertheless, disclosure is necessary if the impact of a change in the estimate is significant.

<h3>What is SEC?</h3>

After the 1929 Wall Street Crash, the U.S. Securities and Exchange Commission (SEC) was established as an independent agency of the federal government of the United States. The SEC's main goal is to uphold the law against market manipulation.

The Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes-Oxley Act of 2002, and other laws are enforced by the SEC in addition to the Securities Exchange Act of 1934, which established it. Section 4 of the Securities Exchange Act of 1934, also known as the Exchange Act or the 1934 Act and currently codified at 15 U.S.C. 78d, established the SEC.

To learn more about Securities Act,visit:

brainly.com/question/17329529

#SPJ4

7 0
1 year ago
The term ________ refers to a limited-capacity store that not only retains information over the short term (maintenance), but al
notka56 [123]

Answer:

Short term memory or working memory

Explanation:

Woekin memory or short term memory refers to a limited-capacity store that not only retains information over the short term (maintenance), but also permits the performance of mental operations with the contents of this store (manipulation)

7 0
3 years ago
Read 2 more answers
A property management group is interested in diversifying its company to operate properties for low-income housing, but the grou
Sloan [31]

Options:a. Unrelated diversification b. Related diversification c. Internal new venture d. Joint.

Answer:b. Related diversification

Explanation:Related diversification is a system of diversification where a business Organisation diversifies its operations into product lines or brands that are similar to what it is already Manufacturing or marketing.

The property management company has already been involved in property management,but in this case it is for High income earners,since it is now interested and wants to diversify to property management for low income earners,this approach to diversify is called RELATED DIVERSIFICATION.

3 0
3 years ago
Onslow Co. purchased a used machine for $144,000 cash on January 2. On January 3, Onslow paid $10,000 to wire electricity to the
il63 [147K]

The information is incomplete, but we can assume that the machine was sold at the fifth year for an X amount of money, so we should prepare the journal records. Since we are not given the sales amount, I will just use any number, like $50,000. You can adjust the calculation depending on the exact sales amount.

Explanation:

January 2, Year 1, purchase of machine:

Dr Machinery 144,000

    Cr Cash 144,000

January 3, Year 1, additional expenses needed to put machine into service (electric wiring):

Dr Machinery 10,000

    Cr Cash 10,000

January 3, Year 1, additional expenses needed to put machine into service (installation):

Dr Machinery 2,000

    Cr Cash 2,000

The machine's total cost = $144,000 + $10,000 + $2,000 = $156,000

depreciation expense per year = ($156,000 - salvage value) / 6 years = ($156,000 - $17,280) / 6 = $23,120

Accumulated depreciation during 5 years = $23,120 x 5 = $115,600, carrying value = $156,000 - $115,600 = $40,400

If the machine is sold at $50,000, the journal entries should be:

December 31, year 5, machine is sold:

Dr Cash 50,000

Dr Accumulated depreciation $115,600

    Cr Machinery 156,000

    Cr Gain on disposal 9,600

Gain on disposal = cash received - carrying value = $50,000 - $40,400 = $9,600

4 0
3 years ago
Taj study process technology in college. He understands how to keep chemicals at the correct temperature for them to be used in
USPshnik [31]

A steel manufacturer looking for a technician to oversee their melting process

Option A

<u>Explanation: </u>

The basic method used for manufacturing silicon chips that are calculated by the transistor's size. Miniaturisation and process automation are at the core of integrated circuits architecture, and this constant target is smaller.

This means greater computational power per cubic inch, and smallness allows for the design of ultra-small chips almost everywhere in the world.

Steel technology has evolved nearer to steel oxygen manufacturing, as there is more chemical power added into the process. The quality of products made from liquid steel is also significant.

8 0
3 years ago
Other questions:
  • Assume a company pays out $100 in dividends in Year 1. What would the annual growth rate (rounded to the nearest 1%) for dividen
    13·1 answer
  • A primary role of​ ________ is to describe how choices are​ made, analyze the results of those​ choices, and advise on how bette
    11·1 answer
  • Stockholders equity can be described as claims of
    5·1 answer
  • What type of funding requires that the business owner share ownership with investors?
    11·1 answer
  • Which of the following best explains why a resident of Venezuela would wish to use U.S. currencies rather than currencies issued
    13·1 answer
  • What is a budget​ constraint?
    9·1 answer
  • Xtreme Sports has $240,000 of 6% noncumulative, nonparticipating, preferred stock outstanding. Xtreme Sports also has $640,000 o
    10·1 answer
  • Which term describes the act of working from a home, remote, or mobile location while connecting into the employer's private net
    10·1 answer
  • Proof-of-Blank______ is a requirement to define an expensive computer calculation, also called mining, that needs to be performe
    13·1 answer
  • suppose that when the price of hamburgers​ decreases, the ruiz family increases their purchases of ketchup. to the ruiz​ family,
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!