Question: Nerds for Hire, Inc. (NFH), has three profit centers, Coding, Marketing, and Accounting, and three cost centers, Hiring, Security, and C-Suite (the executives). Below are

 Nerds for Hire, Inc. (NFH), has three profit centers, Coding, Marketing,

and Accounting, and three cost centers, Hiring, Security, and C-Suite (the executives).

Below are the revenue and direct expenses for NFH. NFH has the

Nerds for Hire, Inc. (NFH), has three profit centers, Coding, Marketing, and Accounting, and three cost centers, Hiring, Security, and C-Suite (the executives). Below are the revenue and direct expenses for NFH. NFH has the following indirect expenses, which are allocated. Rent of 564,000 , which is allocated over square feet used by each department Utilities of $28,000. which is allocated over square feet used by each department Corporate Training of $50,000, which is allocated over the number of employees working in each department NFH has a total of 10.000 square feet and 250 employees. What is the allocation rate for Rent? $ per square foot What is the allocation rate for Utilities? $ per square foot What is the allocation rate for Corporate Training? $ per employee Round all answers to two decimal places Use the information from the last question to complete this question. Below are the square feet used by each department and the number of employees in each department Allocate the indirect expenses to each of the departments Round your answers to the nearest whole number

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!