Coastal Computer operates two retail outlets in Oakview, one on Main Street and the other in...
Coastal Computer operates two retail outlets in Oakview, one on
Main Street and the other in Lakeland Mall. The stores share the
use of a central accounting department. The cost of the accounting
department for last year was $166,000. Following are the operating
results for the two stores for the year.
| Main Street | Lakeland Mall | |||||
| Sales revenue | $ | 1,854,780 | $ | 3,026,220 | ||
| Number of computers sold | 2,331 | 1,369 | ||||
Required:
a. Allocate the cost of the central accounting department to the two stores based on:
1. Number of computers sold.
2. Store revenue.
Homework Answers
Answer:
| 1 Number of computers sold: |
| Main Street. 104,580 =166,000/(2331+1369)*2331 |
| Lakwland mall 61,420. =166,000/(2331+1369)*1369 |
| 2. Store revenue: |
| Main street. 63,080 = 166,000/(18,54,780+30,26,220)*18,54,780 |
| Lakeland mall 102,920 =166,000/(18,54,780+30,26,220)*30,26,220 |
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