The total office expense for the year at Daily Fashion was $90,000. Compute the amount to be
Question:
The total office expense for the year at Daily Fashion was $90,000. Compute the amount to be allocated to each department using total sales as the basis for the allocation.
Credit sales
Women's clothing.................$700,000
Men's clothing.....................$260,000
Total sales
Women's clothing................$840,000
Men's clothing....................$300,000
Sales returns and allowances
Women's clothing
Credit sales..........................$7,000
Cash sales..............................$600
Men's clothing
Credit sales..........................$3,000
Cash sales..............................$600
Book value of inventory and equipment
Women's clothing...............$150,000
Men's clothing.....................$50,000
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College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
