Question: Need help with both problems asap A company's fixed budget (based on 7100 units) follows. Compute total fixed costs. $ 4,970,000 Fixed Budget Sales (7,100

Need help with both problems asap
Need help with both problems asap A company's fixed budget (based on
7100 units) follows. Compute total fixed costs. $ 4,970,000 Fixed Budget Sales
(7,100 * $700 per unit) Costs Direct materials Direct labor Indirect materials
Supervisory salary Sales commissions Shipping Administrative salaries Depreciation Office equipment Insurance Office

A company's fixed budget (based on 7100 units) follows. Compute total fixed costs. $ 4,970,000 Fixed Budget Sales (7,100 * $700 per unit) Costs Direct materials Direct labor Indirect materials Supervisory salary Sales commissions Shipping Administrative salaries Depreciation Office equipment Insurance Office rent 497,000 923,000 351,000 131,000 281,000 309,000 421,000 71,000 41,000 73,000 $ 1,872,000 Income Multiple Choice $664,000 $980,000 $606,000 Shipping Administrative salaries Depreciation Office equipment Insurance Office rent Income 309,08 421, 71,00 41,00 73,00 $ 1,872,00 Multiple Choice 0 $664,000 0 $980,000 $606,000 $696.000 $737,000 Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two operating departments using different allocation bases. The following information is available for the current period Office Expenses Salaries Depreciation Advertising Total $ 37,000 23,500 50, 500 Allocation Basis Number of employees Cost of goods sold Percentage of total sales Department Drilling Grinding Total Number of employees 1,560 2,340 3,900 Sales $336,375 491,625 $828,000 Cost of roods sold $85,500 142,500 $228,000 The amount of the total office expenses that should be allocated to Grinding for the current period is (Do not round your intermediate calculations) Multiple Choice S600.000 56672 544572 Total 3,900 The amount of the total office expenses that should be Multiple Choice O $600,000 O $66.872 O $44,172 $53.422 $11,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!