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Lucia Company has two service departments: Office and Purchasing. Total expenses for the Office is $47,500 and for Purchasing is $27,100. Expenses for the Office are allocated to operating departments based on sales. Expenses for Purchasing are allocated to operating departments based on purchase orders. Department Books Magazines Newspapers Total Office Department Books Magazines Newspapers Allocate the expenses from (a) the Office and (b) Purchasing to each of the company's three operating departments using the given information. Totals Purchasing Department Books Magazines Newspapers Sales $ 166,600 78, 200 95, 200 $ 340,000 Totals Allocation Base Purchase Orders Allocation Base 880 660 660 2,200 Percent of Allocation Base Cost to be Allocated Allocated Cost Numerator Denominator % of Total 0 0 0 0 Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 Cost to be Allocated Allocated Cost

Lucia Company has two service departments: Office and Purchasing. Total expenses for the Office is $47,500 and for Purchasing is $27,100. Expenses for the Office are allocated to operating departments based on sales. Expenses for Purchasing are allocated to operating departments based on purchase orders. Department Books Magazines Newspapers Total Office Department Books Magazines Newspapers Allocate the expenses from (a) the Office and (b) Purchasing to each of the company's three operating departments using the given information. Totals Purchasing Department Books Magazines Newspapers Sales $ 166,600 78, 200 95, 200 $ 340,000 Totals Allocation Base Purchase Orders Allocation Base 880 660 660 2,200 Percent of Allocation Base Cost to be Allocated Allocated Cost Numerator Denominator % of Total 0 0 0 0 Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 Cost to be Allocated Allocated Cost

FINANCIAL ACCOUNTING
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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Lucia Company has two service departments: Office and Purchasing. Total expenses for the Office is $47,500 and for Purchasing is $27,100. Expenses for the Office are allocated to operating departments based on sales. Expenses for Purchasing are allocated to operating departments based on purchase orders. Department Books Magazines Newspapers Total Office Department Books Magazines Newspapers Allocate the expenses from (a) the Office and (b) Purchasing to each of the company's three operating departments using the given information. Totals Purchasing Department Books Magazines Newspapers Sales $ 166,600 78, 200 95, 200 $ 340,000 Totals Allocation Base Purchase Orders Allocation Base 880 660 660 2,200 Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 Cost to be Allocated Allocated Cost Cost to be Allocated Allocated Cost
Transcribed Image Text:Lucia Company has two service departments: Office and Purchasing. Total expenses for the Office is $47,500 and for Purchasing is $27,100. Expenses for the Office are allocated to operating departments based on sales. Expenses for Purchasing are allocated to operating departments based on purchase orders. Department Books Magazines Newspapers Total Office Department Books Magazines Newspapers Allocate the expenses from (a) the Office and (b) Purchasing to each of the company's three operating departments using the given information. Totals Purchasing Department Books Magazines Newspapers Sales $ 166,600 78, 200 95, 200 $ 340,000 Totals Allocation Base Purchase Orders Allocation Base 880 660 660 2,200 Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 Percent of Allocation Base Numerator Denominator % of Total 0 0 0 0 Cost to be Allocated Allocated Cost Cost to be Allocated Allocated Cost
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