The costs of operating a purchasing department are necessary to the purchasing of inventory therefore; those...
The costs of operating a purchasing department are necessary to the purchasing of inventory therefore; those costs should be allocated to inventory.
T/F
Homework Answers
False
Reason: Such charges are considered as Administrative Cost. Inventory cost only includes those costs which are directly or indirectly incurred in bringing them to its existing condition and location. These costs includes net purchase cost, freight-in, unrecoverable taxes.
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The costs of operating a purchasing department are necessary to
the purchasing of inventory therefore; those...
Advertising department expenses of $26,700 and purchasing department expenses of $46,700 of Cozy Bookstore are allocated...
Advertising department expenses of $26,700 and purchasing department expenses of $46,700 of Cozy Bookstore are allocated to operating departments on the basis of dollar sales and purchase orders, respectively. Information about the allocation bases for the three operating departments follows. Department Books Magazines Newspapers Total Sales $180,400 123,000 106,600 $410,000 Purchase Orders 1,290 690 1,020 3,000 Complete the following table by allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments. Allocation of Exp...
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Advertising department expenses of $57,800 and purchasing department expenses of $57,800 of Cozy Bookstore are allocated...
Advertising department expenses of $57,800 and purchasing department expenses of $57,800 of Cozy Bookstore are allocated to operating departments on the basis of dollar sales and purchase orders, respectively. Information about the allocation bases for the three operating departments follows. Purchase Orders Department Books Magazines Newspapers $184,900 107,500 137,600 $430,000 408 Total Complete the following table by allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments. Complete this question by entering your answers...
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Advertising department expenses of $26,700 and purchasing department expenses of $46,700 of Cozy Bookstore are allocated to operating departments on the basis of dollar sales and purchase orders respectively, Information about the allocation bases for the three operating departments follows Department Books Magazines Newspapers Sales $ 180.400 123,000 106.600 Purchase Orders 1.290 690 1.020 Total $410,000 3,000 Complete the following table by allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments (Amounts to...
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Advertising department expenses of $26,700 and purchasing department expenses of $46,700 of Cozy Bookstore are allocated to operating departments on the basis of dollar sales and purchase orders respectively, Information about the allocation bases for the three operating departments follows Department Books Magazines Newspapers Sales $ 180.400 123,000 106.600 Purchase Orders 1.290 690 1.020 Total $410,000 3,000 Complete the following table by allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments (Amounts to...
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