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3-22 0 Saved Help SE Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period Office Expenses Total Allocation Basis Salaries $ 56,000 Number of employees Depreciation 35,000 Cost of goods sold Advertising 69,000 Net sales Item Number of employees Net sales Cost of goods sold Drilling Grinding Total 1,600 2,400 4,000 $392,000 $588,000 $980,000 $144,400 $235,600 $380,000 The amount of the total office expenses that should be allocated to Drilling for the current period is Multiple Choice O $63,300. O $88,400 $107,800 $160,000 $600,000 Investment center managers are evaluated on their use of investment center assets to generate income. 34 True or False 1 points 8020823 True False When standard costs are used factory overhead is assigned to products with a predetermined standard overhead rate. 19 True or False 1 points 8 02:08:50 True False While companies strive to achieve ideal standards, reality implies that some loss of materials usually occurs with any process. 18 True or False 1 points 02:07:29 True False