Bond Company is placing an ad in the local paper to advertise its products. The ad will
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Question:
Bond Company is placing an ad in the local paper to advertise its products. The ad will run for one week at a total cost of $5,500. Bond Company has four categories of products as follows:
% of floor space occupied | Expected sales value | |
---|---|---|
Hardware | 20% | $35,000 |
Hand Tools | 15 | 15,000 |
Lawn Furniture | 45 | 64,500 |
Light Fixtures | 20 | 25,500 |
Assume that Bond decides to allocate based on expected sales value. What amount of advertising cost should be allocated to light fixtures (round to the nearest dollar)?
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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