Answered: Department Number of Purchase Orders…

Business

Accounting

Department Number of Purchase Orders Clothing.... 250 Health Care...... Sporting Goods. 450 300 Total... 1,000

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 2.10C

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Concept explainers

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit. Overhead expenses depend upon the nature of the business operations.

Question

Allocate a retailer’s purchasing department’s costs of $20,000 to its operating departments using each department’s percentage of total purchase orders.

Department
Number of Purchase Orders
Clothing....
250
Health Care......
Sporting Goods.
450
300
Total...
1,000

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