Organic Laboratories allocates research and development costs to its three research facilities based on each facility's total annual revenue from new product developments: Total Facility locatión Kentucky Arizona Illinois New product $ 62,587,200 $ 100,360,000 77,772,800 $240,720,000 revenue Research & Development $ 60,360,000 Using revenue as an allocation base, the amount of costs allocated to the Kentucky research facility is calculated to be:

Organic Laboratories allocates research and development costs to its three research facilities based on each facility's total annual revenue from new product developments: Total Facility locatión Kentucky Arizona Illinois New product $ 62,587,200 $ 100,360,000 77,772,800 $240,720,000 revenue Research & Development $ 60,360,000 Using revenue as an allocation base, the amount of costs allocated to the Kentucky research facility is calculated to be:

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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