Exercise 22-4 (Algo) Payroll expense allocated to departments LO P2 Mia works in both the jewelry department and the cosmetics department of a retail store. She assists customers in both departments and organizes merchandise in both departments. The store allocates her wages between the two departments based on the time worked in the two departments in each two-week pay period. Mia reports the following hours and activities spent in the two departments in the most recent two weeks. Allocate Mia's $1,320 of wages for two weeks to the two departments. Activities Selling in jewelry department Organizing in Jewelry department Selling in cosmetics department Organizing in Cosmetics department Total Department Hours worked Jewelry Cosmetics Totals Hours 49 8 14 5 76 Percent of Hours worked Numerator Denominator Percent of hours Wages Cost Allocated
Exercise 22-4 (Algo) Payroll expense allocated to departments LO P2 Mia works in both the jewelry department and the cosmetics department of a retail store. She assists customers in both departments and organizes merchandise in both departments. The store allocates her wages between the two departments based on the time worked in the two departments in each two-week pay period. Mia reports the following hours and activities spent in the two departments in the most recent two weeks. Allocate Mia's $1,320 of wages for two weeks to the two departments. Activities Selling in jewelry department Organizing in Jewelry department Selling in cosmetics department Organizing in Cosmetics department Total Department Hours worked Jewelry Cosmetics Totals Hours 49 8 14 5 76 Percent of Hours worked Numerator Denominator Percent of hours Wages Cost Allocated
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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