Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories...
60.1K
Verified Solution
Link Copied!
Question
Accounting
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 information is available for the current period:
Office Expenses
Total
Allocation Basis
Salaries
$
52,000
Number of employees
Depreciation
37,000
Cost of goods sold
Advertising
75,000
Net sales
Item
Drilling
Grinding
Total
Number of employees
1600
2400
4000
Net sales
$
400,000
$
600,000
$
1,000,000
Cost of goods sold
$
152,000
$
248,000
$
400,000
The amount of salaries that should be allocated to Grinding for the current period is:
Group of answer choices
$22,940.
$31,200.
$15,000.
$12,000.
$52,000.
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!
