retailer has three departments—Housewares, Appliances, and Clothing—and buys advertising that benefits all departments. Advertising expense is $150,000 for the year, and departmental sales for the year follow: Housewares, $356,250; Appliances, $641,250; and Clothing, $427,500. How much advertising expense is allocated to Appliances if allocation is based on departmental sales? a. $37,500 c. $45,000 e. $641,250 b. $67,500 d. $150,000

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A: 1. FIFO (First-In, First-Out)Beginning Inventory:150 units at $42 each = $6,300PurchasesFirst Batch:…

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A: FIFO method is one of the methods of inventory valuation in which it is assumed that old purchases…

Q: Each shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost…

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A: Allocation of expenses is the allocation of expense to each department and the allocation of…

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Q: A company has two departments, Y and Z that incur advertising expenses of $19,000. Advertising…

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Q: Macee Department Store has three departments, and it conducts advertising campaigns that benefit all…

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A: The budget is prepared to estimate the requirements for the period. The selling and administrative…

Q: Expenses allocated from the Purchasing department to the company’s Newspaper department are:

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Q: stations. Its beginning inventory of chairs was 220 units at $46 per unit. During the year, Cortez…

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A: Utilities expense are allocated on the basis of floor space

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.