Monica Gellar works in both the jewelry department and the hosiery department of a retail store. Gellar

Question:

Monica Gellar works in both the jewelry department and the hosiery department of a retail store. Gellar assists customers in both departments and arranges and stocks merchandise in both departments. The store allocates Gellar’s $30,000 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 Gellar kept in a randomly chosen two-week period. The diary showed the following hours and activities spent in the two departments. Allocate Gellar’s annual wages between the two departments. (Round percents to one decimal.)
Selling in jewelry department . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 hours
Arranging and stocking merchandise in jewelry department . . . . . . . . . . . . . . 6 hours
Selling in hosiery department . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 hours
Arranging and stocking merchandise in hosiery department . . . . . . . . . . . . . 12 hours
Idle time spent waiting for a customer to enter one of the selling departments . . . 4 hours

Stocks
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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

Question Posted: