Homework Answers
Answer
- Total advertising cost = $ 75,000
- Allocation base = Net Sales
- Total Net Sales = $ 1,000,000
- Net Sales for Grinding = $ 600,000
- Calculation for answer:
Advertising cost allocated to Grinding = (Total Cost/Total Net Sales) x Net Sales for grinding
= (75000/100000) x 600000
= $ 45,000 = Answer
- Correct Answer = Option #3: $ 45,000
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Marks Corporation has two operating departments. Driling and Grinding, and an office. The three categories of...
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of...
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Salaries Depreciation Advertising $30,000 Number of employees 20,000Cost of goods sold 40,000 Net sales tem Number of employees 2,500 $325,000 $475,000 $800,000 Cost of goods sold 75,000 $125,000 $200,000 1,000 1,500 The amount of depreciation that should be allocated to Drilling for the...
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of...
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Office Expenses Allocation Basis Total Number of employees Salaries $30,000 Depreciation Advertising Cost of goods sold 20,000 Net sales 40,000 Grinding Drilling Total Item Number of employees 1,000 1,500 2,500 $325,000 $475,000 $800,000 Net sales Cost of goods sold $75,000 $125,000 $200,000 The...
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of...
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Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Office Expenses Total Allocation Basis Salaries $ 34,000 Number of employees Depreciation 22,000 Cost of goods sold Advertising 46,000 Net sales Item Drilling Grinding Total Number of employees 1,320 1,980 3,300 Net sales $ 331,500 $ 484,500 $ 816,000 Cost of goods sold...
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Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Salaries Depreciation Advertising $30,000 Number of employees 20,000Cost of goods sold 40,000 Net sales tem Number of employees 2,500 $325,000 $475,000 $800,000 Cost of goods sold 75,000 $125,000 $200,000 1,000 1,500 The amount of depreciation that should be allocated to Drilling for the...
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Office Expenses Allocation Basis Total Number of employees Salaries $30,000 Depreciation Advertising Cost of goods sold 20,000 Net sales 40,000 Grinding Drilling Total Item Number of employees 1,000 1,500 2,500 $325,000 $475,000 $800,000 Net sales Cost of goods sold $75,000 $125,000 $200,000 The...
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