Homework Answers
Total time spent in each department is computed as below:
Jewelry Department = Selling time + Arranging and stocking time
= 51 hours + 6 hours
= 57 hours
Hosiery Department = selling time + Arranging and atocking time
= 12 hours + 7
= 19 hours
| Department | Time spent | % of the total | Allocated cost |
| Jewelry | 57 hours | 75% | 22500 |
| Hosiery | 19 hours | 25% | 7500 |
| Total | 76 hours | 100% | 30,000 |
Working Notes:
Jewelry = 57/76*100 = 75%
Hosiery = 19/76*100 =25%
Total cost to be allocated is $30,000
Jewelry =30000*75% = 22500
hosiery = 30000*25% = 7500
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