Mackenzie Mining has two operating divisions, Northern and Southern, that share the common costs of the company's humanresources (HR) department. The annual costs of the HR department total $14,000,000 a year. You have the following selectedinformation about the two divisions:NorthernSouthernNumber of Wage and SalaryEmployees Expense ($000)2,310$ 173,6001,890106,400Required:Determine the cost allocation if $9.5 million of the HR costs are fixed and allocated on the basis of employees, and the remainingcosts, 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.FixedVariableTotalNorthernSouthernCH

On the basis of variability costs may be classified into variable cost and fixed costs . Variable…

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 $14,000,000 a year. You have the following selected information about the two divisions: Northern Southern Number of Wage and Salary Expense ($000) $ 173,600 106,400 Fixed Variable Total Employees 2,310 1,890 Required: Determine the cost allocation if $9.5 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. 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 $14,000,000 a year. You have the following selected information about the two divisions: Northern Southern Number of Wage and Salary Expense ($000) $ 173,600 106,400 Fixed Variable Total Employees 2,310 1,890 Required: Determine the cost allocation if $9.5 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. Northern Southern

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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