Munchies Financial Services has two divisions, Financial Planning and Business Consulting. The firms accountants are...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Munchies Financial Services has two divisions, Financial Planning and Business Consulting. The firms accountants are in the process of selecting an allocation base to allocate centrally provided personnel costs to the divisions. Two allocation bases have been proposed: salary and headcount (number of employees). Personnel costs are expected to be $1,410,000. The following data relate to the allocation:
| Financial planning | Business Consulting | ||||||
| Salaries | $14,888,400 | $4,701,600 | |||||
| Headcount | 182 | 78 | |||||
Prepare a schedule showing the allocations to the two divisions using each allocation base.
| Allocation Base | Financial Planning | Business Consulting | |||
| Salaries | $ | $ | |||
| Headcount | $ | $ |
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.