Mackenzie Mining has two operating divisions, Northern and Southern, that share the common costs of the company'shuman resources (HR) department. The annual costs of the HR department total $16,000,000 a year. You have the followingselected information about the two divisions:NorthernSouthernNumber ofEmployees2,4201,980FixedVariableTotalRequired:Determine the cost allocation if $10.5 million of the HR costs are fixed and allocated on the basis of employees, and theremaining costs, which are variable, are allocated on the basis of the wage and salary expense total.Note: Do not round intermediate calculations. Enter your answers in dollars, not in millions or thousands.Wage and SalaryExpense ($000)$ 186,000114,000NorthernSouthern

The costs incurred for the production are classified as fixed and variable costs. The fixed costs…

Mackenzie Mining has two operating divisions, Northern and Southern, that share the common costs of the company's human resources (HR) department. The annual costs of the HR department total $16,000,000 a year. You have the following selected information about the two divisions: Northern Southern Number of Employees 2,420 1,980 Fixed Variable Required: Determine the cost allocation if $10.5 million of the HR costs are fixed and allocated on the basis of employees, and the remaining costs, which are variable, are allocated on the basis of the wage and salary expense total. Note: Do not round intermediate calculations. Enter your answers in dollars, not in millions or thousands. Wage and Salary Expense ($000) $ 186,000 114,000 Northern Southern

Mackenzie Mining has two operating divisions, Northern and Southern, that share the common costs of the company's human resources (HR) department. The annual costs of the HR department total $16,000,000 a year. You have the following selected information about the two divisions: Northern Southern Number of Employees 2,420 1,980 Fixed Variable Required: Determine the cost allocation if $10.5 million of the HR costs are fixed and allocated on the basis of employees, and the remaining costs, which are variable, are allocated on the basis of the wage and salary expense total. Note: Do not round intermediate calculations. Enter your answers in dollars, not in millions or thousands. Wage and Salary Expense ($000) $ 186,000 114,000 Northern Southern

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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