Jaria Stevens works in both the jewelry department and the hosiery department of a retail store. Stevens
Question:
Jaria Stevens works in both the jewelry department and the hosiery department of a retail store. Stevens assists customers in both departments and arranges and stocks merchandise in both departments. The store allocates Stevens’ $35,000 annual wages between the two departments based on a sample of the time worked in the two departments. The sample is obtained from a diary of hours worked that Stevens kept in a randomly chosen two-week period. The diary showed the following hours and activities spent in the two departments. Allocate Stevens’ annual wages between the two departments.
Selling in jewelry department . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 hours
Arranging and stocking merchandise in jewelry department . . . . . . . . . . . . . . . . . . . . . 4 hours
Selling in hosiery department . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 hours
Arranging and stocking merchandise in hosiery department . . . . . . . . . . . . . . . . . . . . . 6 hours
Idle time spent waiting for a customer to enter one of the selling departments . . . . . . . 5 hours
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
Step by Step Answer:
Allocation of 35000 annual wages between the two departments ...View the full answer
