Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. marathon running shop has two service departments

Marathon Running Shop has two service departments (advertising and administrative) and two operating departments (shoes...

50.1K

Verified Solution

Question

Accounting

image
Marathon Running Shop has two service departments (advertising and administrative) and two operating departments (shoes and clothing). During 2017, the departments had the following direct expenses and occupied the following amount of floor space. The advertising department developed and distributed 120 advertisements during the year. Of these, 90 promoted shoes and 30 promoted clothing. The store sold $350,000 of merchandise during the year. Or this amount, $273,000 is from the shoes department, and $77,000 is from the clothing department. The utilities expense of $64,000 is an indirect expense to all departments. Complete the departmental expense allocation spreadsheet for Marathon Running Shop. Assign (1) direct expenses to each of the four departments, (2) the $64,000 of utilities expense to the four departments on the basis of floor space occupied, (3) the advertising department's expenses to the two operating departments on the basis of the number of ads placed that promoted a department's products, and (4) the administrative department's expenses to the two operating departments based on the amount of sales

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!
Become a Member

Other questions asked by students

Q

44 13 2 Show your work here are similar Find 7 7 2 136 n

Geometry
Q

Which of the following pension benefit plans is exempt fromfiling a return/report?Which of the...

Accounting
Q

The huge market that exists for golf balls can be partially attributed to the fact that...

Statistics
Q

Please describe two differential plates, How do they work and what information do they give you...

Biology
Q

Find the weight (in kg) of cement, water, flyash, fine and coarse aggregate to produce a...

Civil Engineering
Q

Write a SWOT Analysis for Doordash.

General Management
Q

The formation of glycogen from glucose is an example of O Oxidation O Glycolysis O...

Biology
Q

The women of theUmayyad tribes didnot have to wearbutthey were still notequal to men.A. VeilsB....

Biology
Q

8 3 X a 10 c 11 b 8 d 9 is 14a2 then the...

Algebra
Q

QUESTION 3(FINANCIAL INSTRUMENTS)[IAS32, IFRS9][30 marks] On 1 January 2017, Munya Tsatsa (Pty) Ltd,...

Accounting
Q

The Refining Department of Sweet Sugar, Inc. had 82,000 tons of sugar to account for...

Accounting
Q

Piedmont Company segments its business into two regions-North and South. The company prepared the contribution...

Accounting