The cafeteria of Menelaus S. Corporation provides foods service needs for employees in both operating departments...
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The cafeteria of Menelaus S. Corporation provides foods service needs for employees in both operating departments of the company Variable costs of the cafeteria are allocated based on the number of meals served to employees of each department in a given period. Fixed costs are budgeted to be 25% of total costs and are allocated based on the peak perlod needs of each operating department. Data for last year are given below. IT Training Department Actual Fixed Costs Actual Variable Costs Total Budgeted Costs $20,360 $42,150 $48,000 Peak period needs Actual mealis Budgeted meals Operating Dept 1 10,000 meals 8,873 8,000 Operating Dept 2 5,000 meals 3,525 4,000 Q) What amount of the Menelaus's cafeteria's actual costs should not be allocated to the operating departments? A) $ The cafeteria of Menelaus S. Corporation provides foods service needs for employees in both operating departments of the company Variable costs of the cafeteria are allocated based on the number of meals served to employees of each department in a given period. Fixed costs are budgeted to be 25% of total costs and are allocated based on the peak perlod needs of each operating department. Data for last year are given below. IT Training Department Actual Fixed Costs Actual Variable Costs Total Budgeted Costs $20,360 $42,150 $48,000 Peak period needs Actual mealis Budgeted meals Operating Dept 1 10,000 meals 8,873 8,000 Operating Dept 2 5,000 meals 3,525 4,000 Q) What amount of the Menelaus's cafeteria's actual costs should not be allocated to the operating departments? A) $
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date:
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