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ry department ewelry department etics department osmetics department s worked Hours 49 Numerator Denomin 8 14 5 76 Percent of Hours worked Wages

ry department ewelry department etics department osmetics department s worked Hours 49 Numerator Denomin 8 14 5 76 Percent of Hours worked Wages

FINANCIAL ACCOUNTING
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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S Mia works in both the jewelry department and the cosmetics department of a retail store. She assists customers in both departments and organizes merchandise in both departments. The store allocates her wages between the two departments based on the time worked in the two departments in each two-week pay period. Mia reports the following hours and activities spent in the two departments in the most recent two weeks. Allocate Mia's $1,320 of wages for two weeks to the two departments. Activities Selling in jewelry department Organizing in Jewelry department Selling in cosmetics department Organizing in Cosmetics department Total Department Hours worked Jewelry Cosmetics Totals Hours 49 8 14 5 76 Percent of Hours worked Numerator Denominator Percent of hours Wages Cost Allocated
Transcribed Image Text:S Mia works in both the jewelry department and the cosmetics department of a retail store. She assists customers in both departments and organizes merchandise in both departments. The store allocates her wages between the two departments based on the time worked in the two departments in each two-week pay period. Mia reports the following hours and activities spent in the two departments in the most recent two weeks. Allocate Mia's $1,320 of wages for two weeks to the two departments. Activities Selling in jewelry department Organizing in Jewelry department Selling in cosmetics department Organizing in Cosmetics department Total Department Hours worked Jewelry Cosmetics Totals Hours 49 8 14 5 76 Percent of Hours worked Numerator Denominator Percent of hours Wages Cost Allocated
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