Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. soprano corporation allocates administrative costs

Soprano Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and...

70.2K

Verified Solution

Question

Accounting

Soprano Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-run monthly usage of staff hours for Operating Departments 1 and 2 follow.
Department 1 Department 2 Total
Short-run usage (hours)90,000130,000220,000
Long-run usage (hours)100,000120,000220,000
If Soprano uses dual-cost accounting procedures and fixed administrative costs total $1,100,000, the amount of fixed administrative costs to allocate to Department 1 would be: (Do not round intermediate calculations.)
Multiple Choice
$450,000.
$500,000.
$550,000.
$950,000.
None of the answers is correct.

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