Department A had total sales of $84,000 and Department B had total sales of $36,000. Other office expenses, totaling $2,500 are allocated on the basis of total sales. The amount allocated to Department B is: a) $750 b) $1,750 c) $1,250 d) $1,071
Q: Need answer the accounting question not use chatgpt
A: Step 1: Define Direct MaterialsDirect Materials are a component of the total manufacturing cost.…
Q: General Accounting Question please answer do fast
A: Step 1: Define Itemized deductionItemized deduction is a kind of deduction provided by the…
Q: Want answer step by step
A: Explanation of Face Value:The face value of a bond, also known as its par value, is the amount the…
Q: General Accounting
A: Step 1: Define Profitability Index (PI)The profitability index is applied as a capital budgeting…
Q: ! Required information [The following information applies to the questions displayed below.] Sun…
A: Date Account Debit Credit Year 1 5- Jan Cash (16200*6)$97,200 Common stock (16200*4) $64,800…
Q: Consider the following information in your analysis of degree of operating leverage. Unit sales…
A: The first step is to calculate the contribution margin per unit. The contribution margin per unit is…
Q: Question/Accounting / solve
A: Explanation of GDP (Gross Domestic Product): GDP is the total monetary value of all finished goods…
Q: VAS corporation had..Accounting question
A: Step 1: Define Return on EquityIn this financial ratio, the net income is compared with the…
Q: Managerial accounting
A: To determine Noble Co.'s overall liability for the loan on December 31, Year 1, we need to calculate…
Q: ??
A: Explanation of Unit of Measurement Assumption:The unit of measurement assumption in accounting…
Q: Provide this question solution general accounting
A: Step 1: Define Personal ExemptionsWhen computing income tax liabilities, a personal exemption was…
Q: What distinguishes constructive obligations from legal obligations in accounting? a) They arise from…
A: Explanation of Constructive Obligations: Constructive obligations are commitments that arise from…
Q: Financial accounts
A: Step 1: Define Activity cost PoolExpenses incurred in carrying out a specific business task, like…
Q: On January 1, 2022, Allan Company acquired 80 percent of Bond Company. Of Bond's total business fair…
A: To derive the reported balances in the consolidated financial statements for Allan, Bond, and Cole…
Q: Given answer Accounting
A: Step 1: Define Cost of Goods SoldThe difference between the cost of goods available for sale and the…
Q: Need help
A: The problem requires the determination of the return on equity. Return on equity (ROE) is a measure…
Q: General Accounting Question please answer do fast
A: Step 1:Ratio analysis is a process of comparison of data with previous year and with compatitive…
Q: Required information [The following information applies to the questions displayed below.] Now that…
A: To solve the problem, we'll calculate:Sales Revenue: The total revenue from selling watches.Cost of…
Q: I want to correct answer general accounting
A: To calculate the Profitability Index (PI) for the project, we use the following…
Q: What amount of cash will be needed?
A: Explanation of Note Payable: A note payable is a written promise to pay a specific amount of money…
Q: Hii! Expert need answer
A: Approach to solving the question: Inventory Costing Detailed explanation: Examples: Key references:…
Q: Please solve this question general accounting
A: Step 1: Define Operating LeverageOperating leverage is one of the financial ratios that is used to…
Q: Financial
A: Step 1: Total LiabilitiesThe total liabilities are classified into current liabilities and long-term…
Q: Provide correct answer the accounting question
A: Step 1: Define Profit MarginThe amount of profit generated from each dollar of sales is calculated…
Q: Q-26 answer me
A: Explanation of Cost of Goods Available for Sale:Cost of goods available for sale refers to the total…
Q: Ponga Company acquired a $20,000 bond originally issued by its 75%-owned subsidiary on January 2,…
A: Step 1: Calculate the cash interest paymentThe bond has a face value of $20,000 and an interest rate…
Q: Give true answer the accounting question ❓
A: Step 1: Define ProfitA firm must make a profit in the long run, or it will have to exit the…
Q: ??
A: Detailed explanation:According to generally accepted accounting principles (GAAP) and International…
Q: Blossom Inc. shows a balance of $522,940 in the Accounts Receivable account on December 31, 2023.…
A: First, we need to identify the relevant accounts that should be included in the statement of…
Q: Calculate this Question
A: Explanation of Total Available Units: Total available units refer to the total stock of items that…
Q: As sales manager, Joe Batista was given the following static budget report for selling expenses in…
A: CalculationsFlexible BudgetSales in units9,800Variable expenses Sales commissions(2,352/7,840)…
Q: What is the 2017 profit margin on this accounting question?
A: Step 1: Define Profit MarginThe efficiency of the company operations can be gauged by the amount of…
Q: Exhibit 7 Present Value of an Annuity of $1 at Compound Interest bas jeg 023-262 pixels Periods 4% 1…
A: Given Data:Face Value of the Bond: $780,000Stated Interest Rate (Annual): 12%Semiannual rate =…
Q: Please give me answer general accounting
A: Step 1: Define Conversion CostsConversion costs are total cost exclusive of raw material costs. That…
Q: Meester Corporation has an activity-based costing system with three activity cost pools--Machining,…
A: To allocate overhead costs to the Order Filling activity cost pool, we'll follow these steps:Step 1:…
Q: Right option?
A: Explanation of Manufacturing Supplies Inventory: Manufacturing supplies inventory consists of…
Q: General Accounting
A: Step 1: Define Debt-to-Equity RatioIn business and finance, the debt-to-equity ratio is a…
Q: Which answer?
A: Explanation of Periodicity Assumption: The periodicity assumption is an accounting principle that…
Q: Financial Accounting
A: To compute the required financial ratios:1. Return on Total Assets (ROA)Formula:ROA = (Net Income +…
Q: Marin Corporation had the following 2025 income statement. Sales revenue $186,000 Cost of goods sold…
A: Direct Method Calculations:Step 1. Start with Sales Revenue: Sales revenue: $186,000Adjust for…
Q: Give true answer this accounting question
A: Step 1: Define Job CostingWhen an industry does not create similar products or when every order…
Q: Provide this question solution general accounting
A: Step 1: Define Cost of Goods SoldWhen a company generates its revenues through sales, the amount…
Q: I need answer of this question solution general accounting
A: Step 1: Define Total asset turnoverIt represents the value of the sales concerning the company's…
Q: Provide this question solution general finance
A: Step 1: Define Net Profit MarginThe net profit margin is one of the profitability ratios used in the…
Q: (31) A company reports these cost data: Actual Results • Total labor cost: $570,000 • Number of…
A: Step 1: Determine the formula:• Labor Rate Variance = (Actual Rate per Hour - Standard Rate per…
Q: Please give me answer Accounting
A: a. Using the High-Low Method to Estimate the Cost FormulaThe High-Low method estimates the cost…
Q: I need answer of this question general accounting
A: Step 1: Define Account ReceivableMoney due by a firm to a company on selling goods on credit is…
Q: Fill in the blank with correct answer
A: In accounting, when a company leases an asset under terms that effectively transfer the right to use…
Q: None
A: Approach to solving the question: Analysis Detailed explanation:Accounts Receivable and Allowance…
Q: Accounting) please give answer
A: Explanation of Systematic Allocation Principle: The systematic allocation principle is a fundamental…
Provide correct answer the general accounting question
Step by step
Solved in 2 steps
- A company has two departments, Y and Z that incur advertising expenses of $10,200. Advertising expenses are allocated based on sales. Department Y has sales of $488,000 and Department Z has sales of $732,000. The advertising expense allocated to Departments Y and Z, respectively, are:Division P reported Income from Operations of $875,000 and Total Service Department Charges of $575,000. Therefore, which statement is correct: Income from Operations before Service Department Charges was $1,450,000 O Income from Operations before Service Department Charges was $300,000 Net Income was $300,000 Gross Profit was $300,000Operating income of the Pierce Automobile Division is $2,225,000. If operating income before support department allocations is $3,250,000,
- A company has three production departments and two service departments, and for a period the departmental distribution summary has the following totals : $ Production Departments : P1-$800 ; P2–$700 and P3-$500 Service Departments :S1–$234 and S2–$300 2,000 534 2,543 The expenses of the service departments are charged out on a percentage basis as follows: P1 P2 P3 s1 S2 Service Department S1 20% 40% 30% 10% Service Department S2 40% 20% 20% 20% Prepare a statement showing the apportionment of two service departments expenses to Production Departments by Simultaneous Equation Method.Service department charges In divisional income statements prepared for Demopolis Company, the Payroll Department costs are charged back to user divisions on the basis of the number of payroll distributions, and the Purchasing Department costs are charged back on the basis of the number of purchase requisitions. The Payroll Department had expenses of 64,560, and the Purchasing Department had expenses of 40,000 for the year. The following annual data for Residential, Commercial, and Government Contract divisions were obtained from corporate records: A. Determine the total amount of payroll checks and purchase requisitions processed per year by the company and each division. B. Using the cost driver information in (A), determine the annual amount of payroll and purchasing costs allocated to the Residential, Commercial, and Government Contract divisions from payroll and purchasing services. C. Why does the Residential Division have a larger support department allocation than the other two divisions, even though its sales are lower?Give me answer accounting
- [The following information applies to the questions displayed below.] Suresh Company reports the following segment (department) income results for the year. Department M $ 87,000 Department P $ 69,000 Department T $ 42,000 Total Department N Department 0 $ 47,000 $ 83,000 $ 328,000 Sales Expenses Avoidable 18,800 59,000 77,800 $ 9,200 47,200 23,400 70,600 $ (23,600) 18,500 6,000 24,500 $ 58,500 23,000 58,500 81,500 $ (12,500) 54,000 22,400 76,400 $ (34,400) 161,500 169,300 330,800 $ (2,800) Unavoidable Total expenses Income (loss) Exercise 23-9 (Algo) Part 1 a. If the company plans to eliminate departments that have sales less than avoidable costs, which department(s) would be eliminated? Department Decision Department M Department N Department O Department P Department TA store had monthly utility expense of $12,378. Determine the share for Department 1 (rounded to the nearest dollar), based on floor space for each department as follows: Dept 1: 23,000 sq ft Dept 2: 37,000 sq ft Dept 3: 27,000 sq ft Dept 4: 14,000 sq ftThe following results are available for Division X and Y:Division X Division YProfit before interest and tax P185 000 P172, 000Capital employed P1, 540, 000 P1, 650, 000The cost of capital is 10%.Calculate and comment on the performance of the departments based on:a. Return on capital employed (4 marks)b. Residual incom
- p5-8The sales, gross profit, and direct and indirect operating expenses of Departments A and B of Cardoba Inc. are as follows: Dept. A Dept. B Total Sales $420,000 $290,000 $710,000 Gross profit 243,000 197,000 440,000 Direct operating expenses 205,000 118,000 323,000 Indirect operating expenses 160,000 Help compute the departmental direct operating margin and direct operating margin percentage for each department.Selected data for Miller Company, which operates three departments, follow: Department A Department B Department C Inventory $120,000 $432,000 $168,000 Equipment (average cost) $1,080,000 $648,000 $432,000 Payroll $810,000 $720,000 $270,000 Square feet of floor space 18,000 9,000 3,000 During the year, the company's fixed expenses included the following: Depreciation on equipment $120,000 Real estate taxes 36,000 Personal property taxes (on inventory and equipment) 57,600 Personnel department expenses 40,000 Assume that the property tax rate is the same for both inventory and equipment. Using the most causally related bases, prepare a schedule assigning the fixed expenses to the three departments. Hint: Not all fixed expenses are traceable to the three departments. One of these fixed costs should be considered a common cost and not traceable to the departments. Do not round until your final answer. Round final…