MARATHON RUNNING SHOPDepartmental Expense Allocation SpreadsheetFor Year Ended December 31, 2019Expense TotalsAdvertisingAdministrativeShoesClothingDirect expenseIndirect utilities expensesTotal dept. exp.0.Service Dept. ExpensesAdvertising Dept.Administrative Dept.Total expenses allocated0 $0 $%24%24%24 Marathon Running Shop has two service departments (advertising and administrative) and two operating departments (shoes andclothing). The table that follows shows the direct expenses incurred and square footage occupied by all four departments, as well astotal sales for the two operating departments for the year 2019.Direct ExpensesSquare Feet500SalesDepartmentAdvertisingAdministrative$ 15,00027,000103,00013,0007004,1004,700$124,000186,000ShoesClothingThe advertising department developed and distributed 190 advertisements during the year. Of these, 38 promoted shoes and 152promoted clothing. Utilities expense of $74,000 is an indirect expense to all departments.Complete a departmental expense allocation spreadsheet for Marathon Running Shop. The spreadsheet should assign (1) directexpenses to each of the four departments, (2) the $74,000 of utilities expense to the four departments on the basis of floor spaceoccupied, (3) the advertising department's expenses to the two operating departments on the basis of the number of ads placed thatpromoted a department's products, and (4) the administrative department's expenses to the two operating departments based on theamount of sales.

The expenses of service department will be allocated to operating department on the basis given in…

MARATHON RUNNING SHOP Departmental Expense Allocation Spreadsheet For Year Ended December 31, 2019 Expense Totals Advertising Administrative Shoes Clothing Direct expense Indirect utilities expenses Total dept. exp. Service Dept. Expenses Advertising Dept. Administrative Dept. of Total expenses allocated 2$ $ $ 0 $

MARATHON RUNNING SHOP Departmental Expense Allocation Spreadsheet For Year Ended December 31, 2019 Expense Totals Advertising Administrative Shoes Clothing Direct expense Indirect utilities expenses Total dept. exp. Service Dept. Expenses Advertising Dept. Administrative Dept. of Total expenses allocated 2$ $ $ 0 $

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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Question 40 At March 1, 2019, Cookie purchased supplies of $1,90 report what balance in the su 008'T$ O 009'T$0 006 $1.9
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it View History M faith@.. tems 37.66% ··· Bookmarks Window AOL Ma.... B E C eBook U Sales Mail - F... Cost of goods sold Help Operating income Expenses: Selling expenses Administrative expenses The following multiple-step, income statement was prepared for Carlsbad Company contains errors: CARLSBAD COMPANY Income Statement For the Year Ended February 28, 2018 Delivery expense Total expenses Other expense: Interest revenue Gross profit R V Portal h... Check My Work 10 more Check My Work uses remaining. % G Chapter... B v2.cengagenow.com Prepare a corrected income statement for Carlsbad Company for the year ended February 28, 2018. Carlsbad Company Income Statement 6 $ 1,800,000 1,350,000 112,500 H C Cengag.. 9,495,000 (5,962,500) $3,532,500 (3,262,500) 270,000 90,000 $180,000 All work saved. N MacBook Pro ** W Activity... 8 M FA 9 K Save and Exit Submit Assignment for Grading 1
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Prepare unadjusted trial balance Do not copy answer from bartleby I will dislike
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