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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

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3 years ago
A house is appraised for $25,000, and shows an assessed value of $20,000. The taxes on the house are $300 annually. What would t
pashok25 [27]

Answer:

$600

Explanation:

In this situation, first we have to know that tax levy on assessed value.

<u>Computation of tax rate:</u>

Appraised Value = $25,000

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Tax = $300

Tax rate = ($300 / $20,000) x 100 = 1.5%

Assume Appraised Value = $45,000

Assume Assessed value = $40,000

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5 0
3 years ago
While showing a property to an unrepresented buyer, you owe the customer the duties of dealing honestly and fairly, accounting f
adelina 88 [10]

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<h3>Who is a buyer?</h3>

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The buyer should be allowed to have all the information about the product or service it is going to purchase, the buyer should be informed about the market rates and the demand of the goods as this is a material fact about the product.

Therefore it is a duty that a seller owes to the buyer to deal with honesty that is not charging high price if they are unaware of the price of the product.

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7 0
2 years ago
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Answer:

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Supply of financial capital is represented by "Private Savings + (Imports – Exports)", while the demand for financial capital is represented by "Investment + (Government Spending – Tax)".

I wish you the best.

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4 years ago
Effective reading involves what four steps? Select one: a. Preparing, reading, capturing key ideas, and reviewing. b. Preparing,
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Answer:

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Explanation:

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