Diane Thrift owns a personnel services company that provides temporary employees in four employment categories: (a) office/clerical; (b) hotel/motel; (c) restaurant/dining; and (d) hospital/medical. Ms. Thrift has organized her company into four departments, one for each category. The lease expense for her company office space is $9,600 per month. She allocates the monthly lease expense among the four departments based on the number of temporary employees in each business category. Calculate the percents and the resulting allocations. Complete the percent and allocation columns in the following table. Before computing the distribution, round each percent to the nearest whole number. Labor Number of Percent Total Distribution Group Office/clerical Hotel/motel Restaurant/dining Hospital/medical Total: Employees of Total Rent of Rent $ 9,600.00 $ 9,600.00 110 130 170 $9,600.00 90 $9,600.00

Diane Thrift owns a personnel services company that provides temporary employees in four employment categories: (a) office/clerical; (b) hotel/motel; (c) restaurant/dining; and (d) hospital/medical. Ms. Thrift has organized her company into four departments, one for each category. The lease expense for her company office space is $9,600 per month. She allocates the monthly lease expense among the four departments based on the number of temporary employees in each business category. Calculate the percents and the resulting allocations. Complete the percent and allocation columns in the following table. Before computing the distribution, round each percent to the nearest whole number. Labor Number of Percent Total Distribution Group Office/clerical Hotel/motel Restaurant/dining Hospital/medical Total: Employees of Total Rent of Rent $ 9,600.00 $ 9,600.00 110 130 170 $9,600.00 90 $9,600.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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