A local nonprofit has a homeless shelter and a food pantry program. The shelter has...
70.2K
Verified Solution
Link Copied!
Question
Accounting
A local nonprofit has a homeless shelter and a food pantry program. The shelter has 50 people stay each night and the food pantry feed 250 people each day. The nonprofit has a total indirect costs of $225,000 this year that includes office expenses, utility bills, travel expenses, and other expenses. Using the direct method, what is the indirect cost that should be allocated to the food pantry this year if the number of people served is the cost base?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!