Answer:
The answer is $994.85
Explanation:
This can be calculated using the proportion method.
Unit $ worth of the property costs = $550 / $68,000 = 0.008088
$123,000 worth of property costs = 0.008088 * $123,000 = $994.85
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Answer:
the cost of Human Resources would be allocated to Machining is $480,000
Explanation:
The computation of the cost of Human Resources would be allocated to Machining is given below:
= Cost of the human resource × machining department ÷ (machining department + assembly department)
= $1,200,000 × 100 ÷ (100 + 150)
= $480,000
hence, the cost of Human Resources would be allocated to Machining is $480,000
Answer: Assembly Department
Explanation:
Missing part of question is attached below.
Cutting Department
Under the direct method, the Cutting Department is allocated $62,000 of the Janitorial cost and $126,750 of the Cafeteria cost for a total of:
= 62,000 + 126,750
= $188,750
Assembly department
Allocated $248,000 of the Janitorial cost and $42,450 of Cafeteria:
= 248,000 + 42,450
= $290,450
<em>Assembly Department is therefore the department that is allocated the most support department costs under the direct method. </em>
Answer:
With 2% inflation during the next 10 years, an item that presently sells for 100 will cost 102 in 10 years' time.
Explanation:
However, if the predicted inflation rate of 2% happens year on year, then the cost of the item will become 121.90 (100 (1+ 2%)∧10), compounded annually. In itself, inflation is the decline of the purchasing power of a given currency over some period of time. It is a quantitative measure of the rate at which the decrease in the purchasing power of the selected currency occurs, and how this is reflected in the price level of a basket of selected goods and services in that economy over some period of time.
