Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories ofoffice expenses are allocated to the two operating departments using different allocation bases. The followinginformation is available for the current period:Office ExpensesSalariesDepreciationAdvertisingDepartmentDrillingGrindingTotalTotal$ 38,00024,00052,000Number of employees1,6402,4604,100Allocation BasisNumber of employeesCost of goods soldPercentage of total salesSales$338,000494,000$832,000Cost of goods sold$87,000145,000$232,000The amount of the total office expenses that should be allocated to Grinding for the current period is (Do not roundyour intermediate calculations.)

Name: Marks Corporation has two operating departments, Drilling and Grindin
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Description: Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories ofoffice expenses are allocated to the two operating departments using different allocation bases. The followinginformation is available for

An organization having more than one department follows departmental costing. Cost related to each…

Answered: The amount of the total office expenses…

Business

Accounting

The amount of the total office expenses that should be allocated to Grinding for the current period is (Do not round our intermediate calculations.)

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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Marks corporation has two operating departments. Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following info (tables in picture) is given. The amount of total office expenses that should be allocated to Grinding for the current period is?
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