Macee Store has three operating departments, and it conducts advertising that benefits all departments. Advertising costs are $102,000. Sales for its operating departments follow:- **Department 1:** $357,000- **Department 2:** $571,200- **Department 3:** $261,800**Question:** How much advertising cost is allocated to each operating department if the allocation is based on departmental sales? (Do not round your intermediate calculations.)**Table Explanation:**A table is provided to record the breakdown of sales, percentage of total sales, and the allocated advertising cost for each department.- **Columns:** - **Department:** Lists departments 1, 2, and 3. - **Sales:** Requires filling with specific sales amounts for each department. - **Percent of Total:** Calculate the percentage share of each department's sales relative to the total sales. - **Cost Allocated:** Allocate the advertising cost to each department based on their respective percentage of total sales.- **Total Row:** Used to sum up total sales, total percentage (which should equal 100%), and the total cost allocated (which should equal the total advertising cost of $102,000).

Macee Store has three operating departments, and it conducts advertising that benefits all departments. Advertising costs are $102,000. Sales for its operating departments follow. Department 1 2 3 Sales $ 357,000 571,200 261,800 How much advertising cost is allocated to each operating department if the allocation is based on departmental sales? (Do not round your intermediate calculations.) Department 1 2 3 Total Sales Percent of Total % % % % Cost Allocated

Macee Store has three operating departments, and it conducts advertising that benefits all departments. Advertising costs are $102,000. Sales for its operating departments follow. Department 1 2 3 Sales $ 357,000 571,200 261,800 How much advertising cost is allocated to each operating department if the allocation is based on departmental sales? (Do not round your intermediate calculations.) Department 1 2 3 Total Sales Percent of Total % % % % Cost Allocated

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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