wV Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a salary of $98,000 annually and one salaried estimator who is paid $54,000 annually. The corporate office has two office administrative assistants who are paid salaries of $58,000 and $41,000 annually. The president's salary is $165,000. How much of these salaries are common fixed expenses? Multiple Cholce $165,000 $264,000 $99,000 $348,000

wV Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a salary of $98,000 annually and one salaried estimator who is paid $54,000 annually. The corporate office has two office administrative assistants who are paid salaries of $58,000 and $41,000 annually. The president's salary is $165,000. How much of these salaries are common fixed expenses? Multiple Cholce $165,000 $264,000 $99,000 $348,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter17: Activity Resource Usage Model And Tactical Decision Making

Section: Chapter Questions

Problem 6E: Elliott, Inc., has four salaried clerks to process purchase orders. Each clerk is paid a salary of...

See similar textbooks

Related questions

Q: Flounder Company uses a responsibility reporting system. It has divisions in Denver, Seattle, and…

A: A responsibility report is a report which makes a comparison between the budgeted costs and actual…

Q: Allocate support costs using the step-down method, with personnel costs allocated first. (Round…

A: Cost allocation is a process of assigning or allocating indirect cost to each and every unit using…

Q: I am stuck on a homework problem: A company employs two appraisers. The company expects to incur…

A: 1. Calculate the predetermined overhead rate:

Q: total costs

A: Definition: Apportionment of Overheads: It refers to allotment of different item costs with their…

Q: General Motors has three auto divisions (1, 2, and 3). It also has an accounting division and a…

A: To allocate the costs of running the accounting and management consulting departments among the…

Q: eldt Cleaning Services (HCS) is a local stodi service company serving both the resi considering…

A: Activity Based Costing (ABC Costing)Under the ABC Costing overheads are allocated on the basis of…

Q: The centralized computer technology department of Hardy Company has expenses of $320,000. The…

A: Per hour rate = Expenses / Total hours = $320,000 / 4,000…

Q: During its first year of operations, Forrest Company paid $30,000 for direct materials and $50,000…

A: Average cost per unit means the cost incurred to produce one unit. It is calculated by dividing the…

Q: Tenet Engineering, Inc. operates two user divisions as separate cost objects. To determine the costs…

A: Computere service costs allocated to the Division B = Computer time in hours od Division B x…

Q: The centralized computer technology department of Lee Company has expenses of $264,000. The…

A: Computer expense per hour = Computer expense/total hours = $264,000/2,500 =…

Question

wV Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a salary of $98,000 annually and one salaried estimator who is paid
$54,000 annually. The corporate office has two office administrative assistants who are paid salaries of $58,000 and $41,000 annually. The president's salary is $165,000. How much of these salaries are
common fixed expenses?
Multiple Cholce
$165,000
$264,000
399,000
$348,000
< Prev
7 of 10
Next >
11:2
92 F AQI 61
9/24
pe here to search
DELL

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

WV Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a salary of $82,000 annually and one salaried estimator who is paid $46,000 annually. The corporate office has two office administrative assistants who are paid salaries of $50,000 and $37,000 annually. The president's salary is $153,000. How much of these salaries are common fixed expenses?
WV Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a salary of $134,000 annually and one salaried estimator who is paid $72,000 annually. The corporate office has two office administrative assistants who are paid salaries of $76,000 and $50,000 annually. The president's salary is $192,000. How much of these salaries are common fixed expenses? Multiple Choice $192,000 $318,000 $126,000 $438,000
RS Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a salary of $59,000 annually and one salaried estimator who is paid $53,000 annually. The corporate office has two office administrative assistants who are paid salaries of $39,000 and $32,000 annually. The president's salary is $128,000. How much of these salaries are common fixed expenses? O $128,000 O $112,000 $199,000 O $311,000
Seal Financial Advisors provides accounting and finance assistance to customers in the retail business. Seal has four professionals on staff and an office with six clerical staff. Total compensation, including benefits, for the professional staff runs about $573,000 per year, and normal billable hours are 8,300 hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $755,000. Seal allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. What is the predetermined overhead allocation rate that Seal will use for office and administrative costs? (Round your answer to the nearest cent.) A. $69.04 per hour B. $21.93 per hour C. $160.00 per hour D. $90.96 per hour
Mackenzie Mining has two operating divisions, Northern and Southern, that share the common costs of the company's human resources (HR) department. The annual costs of the HR department total $15,000,000 a year. You have the following selected information about the two divisions: Northern Southern Required: a. What is the HR cost that is charged to each division if the number of employees is used as the allocation basis? b. What is the HR cost that is charged to each division if the wage and salary expense total is used as the allocation basis? Required A Number of Employees 2,365 1,935 Complete this question by entering your answers in the tabs below. Division Northern Southern Wage and Salary Expense ($000) $ 179,800 110, 200 Required B 40 What is the HR cost that is charged to each division if the number of employees is used as the allocation basis? Note: Do not round intermediate calculations. Enter your answers in dollars, not in millions or thousands. HR Cost
Mackenzie Mining has two operating divisions, Northern and Southern, that share the common costs of the company's human resources (HR) department. The annual costs of the HR department total $14,000,000 a year. You have the following selected information about the two divisions: Northern Southern Required: a. What is the HR cost that is charged to each division if the number of employees is used as the allocation basis? b. What is the HR cost that is charged to each division if the wage and salary expense total is used as the allocation basis? Required A Number of Wage and Salary Expense ($000) $ 173,600 106,400 Complete this question by entering your answers in the tabs below. Employees 2,310 1,890 Division Northern Southern What is the HR cost that is charged to each division if the number of employees is used as the allocation basis? Note: Do not round intermediate calculations. Enter your answers in dollars, not in millions or thousands. Required B HR Cost Required A Required B >…
Mackenzie Mining has two operating divisions, Northern and Southern, that share the common costs of the company’s human resources (HR) department. The annual costs of the HR department total $25,000,000 a year. You have the following selected information about the two divisions: Number of Employees Wage and Salary Expense ($000) Northern 2,915 $ 241,800 Southern 2,385 148,200 Required: What is the HR cost that is charged to each division if the number of employees is used as the allocation basis? What is the HR cost that is charged to each division if the wage and salary expense total is used as the allocation basis?
Mackenzie Mining has two operating divisions, Northern and Southern, that share the common costs of the company's human resources (HR) department. The annual costs of the HR department total $33,000,000 a year. You have the following selected information about the two divisions: Northern Southern Number of Employees 3,355 2,745 Required: a. What is the HR cost that is charged to each division if the number of employees is used as the allocation basis? b. What is the HR cost that is charged to each division if the wage and salary expense total is used as the allocation basis? Required A Wage and Salary Expense ($000) $ 291,400 178,600 Complete this question by entering your answers in the tabs below. Required B What is the HR cost that is charged to each division if the wage and salary expense total is used as the allocation basis? Note: Do not round intermediate calculations. Enter your answers in dollars, not in millions or thousands.
What are the costs allocated to the corporate clients division?
Need help.
Mackenzie Mining has two operating divisions, Northern and Southern, that share the common costs of the company's human resources (HR) department. The annual costs of the HR department total $14,000,000 a year. You have the following selected information about the two divisions: Northern Southern Number of Wage and Salary Employees Expense ($000) 2,310 $ 173,600 1,890 106,400 Required: Determine the cost allocation if $9.5 million of the HR costs are fixed and allocated on the basis of employees, and the remaining costs, which are variable, are allocated on the basis of the wage and salary expense total. Note: Do not round intermediate calculations. Enter your answers in dollars, not in millions or thousands. Fixed Variable Total Northern Southern CH
Vishunu