Nationel Retai hes two depertments, Houseweres end Sporting Indrect expenses for the period falow. Rent Advertisin...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Nationel Retai hes two depertments, Houseweres end Sporting Indrect expenses for the period falow. Rent Advertisin Iurance $ 45, 000 25, ee 10, 000 S 30, 000 Total The company ocupies 4,000 squere feet of a rented buiding. In pror perods. the comparny drvided the $80.000 of indirect expanses by 4.000 square feet to find an average cost of $20 per squra foot and then aliocated indirect expenses to cech depertment besed on the square feet it occupied. The company now wants ta alocata iniroct oxpenses uting the aliocation basas shown balow walue of ansurid Deart Hnusares Squer feet 1,a Sele Aseta S 4, Sperting ucal Problem 9-2A (Algo) Part 2 2. Alucule indreci experises lo the bwo departnients. Rert experse s dllocaled besed on squere leet occupred. Adverlsny experse ik aliacated hasad on total salas inturance axpanse is allincatad hasadi on the valiue of insurad assats Alocate s45,000 of rent using souare feet occupios Square Feut Parcnt of Tutat Coat Allocated Housenares Sporting Total Alocate 525,000 of adverthing using percentage of sales Sales Percent of Tetal Cost Alocated Hoas Sportng Tusa Alocate S10,000 of surance using value of insured assels Assets inaureE Percent of Total Cost Alocated Housewares Sporting Totai Nationel Retai hes two depertments, Houseweres end Sporting Indrect expenses for the period falow. Rent Advertisin Iurance $ 45, 000 25, ee 10, 000 S 30, 000 Total The company ocupies 4,000 squere feet of a rented buiding. In pror perods. the comparny drvided the $80.000 of indirect expanses by 4.000 square feet to find an average cost of $20 per squra foot and then aliocated indirect expenses to cech depertment besed on the square feet it occupied. The company now wants ta alocata iniroct oxpenses uting the aliocation basas shown balow walue of ansurid Deart Hnusares Squer feet 1,a Sele Aseta S 4, Sperting ucal Problem 9-2A (Algo) Part 2 2. Alucule indreci experises lo the bwo departnients. Rert experse s dllocaled besed on squere leet occupred. Adverlsny experse ik aliacated hasad on total salas inturance axpanse is allincatad hasadi on the valiue of insurad assats Alocate s45,000 of rent using souare feet occupios Square Feut Parcnt of Tutat Coat Allocated Housenares Sporting Total Alocate 525,000 of adverthing using percentage of sales Sales Percent of Tetal Cost Alocated Hoas Sportng Tusa Alocate S10,000 of surance using value of insured assels Assets inaureE Percent of Total Cost Alocated Housewares Sporting Totai
Expert Answer:
Answer rating: 100% (QA)
Allocate Andired Erfenses d Two de parlments Using The Allocatin N... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
1.) On January 1, 2014, Jack Company issues $3,744,000, 6%, 10-year bonds for cash of $3,013,464 when the market rate of interest is 9%. The bonds pay interest semi-annually on June 30 and December...
-
Question 1. This question is based on a journal article that appeared in the New England Journal of Medicine: Gawande AA et al., "Risk factors for retained instruments and sponges after surgery."...
-
A row of 25 square computer chips each 10 10 mm in size and 1 mm thick and spaced 1 mm apart is mounted on an insulating plastic substrate as shown below. The chips are to be cooled by nitrogen...
-
A Continuous fractional column, operating at atmospheric pressure, is to be designed to separate a mixture containing 20 per cent benzene in toluene into an overhead product containing 90 percent...
-
An earthquake caused heavy damage to the Sellwood Antique Store on May 3, 20X8. All merchandise was destroyed. Some accounting data are missing. In conjunction with an insurance investigation, you...
-
Match each of the key terms above to the definition that best fits it. Foreign key ____ A named, two-dimensional table of data. Each relation consists of a set of named columns and an arbitrary...
-
Water flows in a 10-m-wide open channel with a flowrate of \(5 \mathrm{~m}^{3} / \mathrm{s}\). Determine the two possible depths if the specific energy of the flow is \(E=0.6 \mathrm{~m}\).
-
During the current year, merchandise is sold for $1,375,000. The cost of the merchandise sold is $880,000. a. What is the amount of the gross profit? b. Compute the gross profit percentage (gross...
-
1)Write a javascript program to display 1 to 100 prime numbers ? 2) Difference between render and re-render ? 3)What is map() method ? 4)What is filter() method ? 5)What is reduce() method? 6)What is...
-
Kaia Mechanics has the following accounts: Create a chart of accounts for Kaia Mechanics using the standard numbering system. Each account is separated by a factor of 10. For example, the first asset...
-
Write an article on the importance of studying biology in daily life. You must have to include a flow chart, diagram, table, reference. ( THERE SHOULD NOT BE ANY PLAGIARISM ) Word limits 200...
-
A popular ride at some playgrounds consists of two circular disks joined by rungs (Figure P11.52). The center of the unit is attached to a horizontal axle around which the unit rotates. The...
-
Three small, identical \(1.0-\mathrm{kg}\) pucks are attached to identical \(0.50-\mathrm{m}\) strings, tied together at a common center as shown in Figure P11.42. When whirled in circular motion at...
-
A ball is put into a cone and made to move at a constant specd of \(3.00 \mathrm{~m} / \mathrm{s}\) in a horizontal circle of radius \(0.500 \mathrm{~m}\) (Figure P11.39). (a) What is the centripetal...
-
A roller-coaster car initially at a position on the track a height \(h\) above the ground begins a downward run on a long, steeply sloping track and then goes into a circular loop-the-loop of radius...
-
The bush baby, a small African mammal, is a remarkable jumper. Although only about 8 inches long, it can jump, from a standing start, straight up to a height of over 7 feet! Use the particle model to...
-
Enterprise Rent-A-Car company offers its employees flexible benefits in order to appeal to more millennial workers, but also, to ensure that long-term workers are also encouraged to remain loyal to...
-
What are the principal differences among asset liquidity management, liability management, and balanced liquidity management?
-
Toho Company reports the following fixed budget. It is based on an expected production and sales volume of 20,000 units. Required 1. Classify all items listed in the fixed budget as variable or...
-
On January 1, 2021, Norwood borrows $200,000 cash from a bank by signing a five-year installment note bearing 8% interest. The note requires equal payments of $50,091 each year on December 31....
-
Golden Corp.s current-year income statement, comparative balance sheets, and additional information follow. For the year, (1) All sales are credit sales, (2) All credits to Accounts Receivable...
-
Vertical analysis would rarely be performed on which of the following statements or schedules? a. Income statement b. Adjusting entry worksheet c. Balance sheet d. All of the above are common targets...
-
A statement that lists the assets, liabilities, and stockholders equity of a company in percentages only with no dollar amounts is a a. common-size income statement. b. benchmarking analysis. c....
-
In vertical analysis, the base used for comparison on the income statement is a. total expenses. b. total assets. c. net sales. d. gross profit.
Study smarter with the SolutionInn App