Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. marks corporation has two operating departments, d

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories...

60.1K

Verified Solution

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 $ 34,000 Number of employees
Depreciation 22,000 Cost of goods sold
Advertising 42,000 Net sales

Item Drilling Grinding Total
Number of employees 600 1400 2000
Net sales $ 328,000 $ 492,000 $ 820,000
Cost of goods sold $ 83,600 $ 136,400 $ 220,000

The amount of the total office expenses that should be allocated to Drilling for the current period is:

Group of answer choices

$35,360.

$61,200.

$49,600.

$600,000.

$98,000.

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!
Become a Member

Other questions asked by students

Q

Design in VHDL a 8-1 Multiplexer Screenshot the simulation and code.

Electrical Engineering
Q

Design a 4-bit multiplier by using 4 bit full adder and write a verilog code.

Electrical Engineering
Q

The following businesses are considering location in your community: a) A pizza delivery service, b) A...

General Management
Q

29 33 Find the centroid of the region bounded by the given curves 29 y...

Calculus
Q

11 How many different 5 member student committees can be formed from a group of...

Calculus
Q

3a Give a definition for the piecewise function shown below 5 3b Identify the discontinuities...

Calculus
Q

Bank Cimb Islamic Berhad has offered Bai Bithaman Ajil financing to Mr. Hafizi with the...

Accounting
Q

Portsmouth Company makes upholstered furniture. Its only variable cost is direct materials. The demand for...

Accounting
Q

A public corporation earns $500,000 in pre-tax profits and pays out all of its after-tax...

Accounting
Q

Please conclude the proof of question 2 based on hints provided above (the light-green background...

Accounting
Q

Peterson Papers makes personalized stationery of the highest quality. The company maintains a stock of...

Accounting
Q

Padre, Inc., buys 80 percent of the outstanding common stock of Sierra Corporation on January...

Accounting