Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories...

50.1K

Verified Solution

Question

Accounting

image

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: 17 Office Expenses Salaries Depreciation Advertising Total $ 40,000 26,000 60,000 Allocation Basis Number of employees Cost of goods sold Percentage of total sales & 02:19:25 Department Drilling Grinding Total Number of employees 1,800 2,700 4,500 Sales $ 352,000 528,000 $ 880,000 Cost of goods sold $ 110,200 179,800 $ 290,000 The amount of the advertising cost that should be allocated to Grinding for the current period is: Multiple Choice $24,000 $70,200. O O $36,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students