Ready Company has two operating (production) departments: Assembly and Painting. Assembly has 150 employees and occupies 44,000 square feet; Painting has 100 employees and occupies 36,000 square feet. Indirect factory expenses for the current period are as follows:        Administration$80,000 Maintenance$100,000 Administration is allocated based on workers in each department; maintenance is allocated based on square footage. The amount of administration expenses that should be allocated to the Painting Department for the current period is:

A. $55,000.
B. $103,000.
C. $110,000.
D. $32,000.
E. $48,000.


Answer: D

Business

You might also like to view...

Which of the following is a highly suspicious financial statement relationship?

a. Increased revenues with increased cash flows b. Increased volume with decreased cost per unit c. Increased inventory with decreased payables d. Increased inventory with increased warehousing costs

Business

________ plans are an active attempt to promote diversity in the organization, not just treat everyone the same way.

A. Diversified selection B. Operational C. Contingency D. Affirmative action

Business

Illuminating Light Partnership had the following revenues, expenses, gains, losses, and distributions:  Sales$60,000Long-Term Capital Gain$8,000Qualified Dividends$5,000Cost of Goods Sold$40,000Employee Wages$15,000Guaranteed Payment to Managing Partner$25,000Municipal Bond Interest$5,000Section 179 Expense$10,000MACRS Depreciation$8,000Section 1231 Gains$3,000Fines and Penalties$1,500Given these items, what is Illuminating Light's ordinary business income (loss) for the year?

What will be an ideal response?

Business

A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the dividend:?Retained earnings$750,000Shares issued and outstanding 60,000Market value per share$15Par value per share$5The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:

A. $45,000. B. $(135,000). C. $(45,000). D. $0. E. $135,000.

Business