Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the twodepartments using different allocation bases. The following information is available for the current period:Office ExpensesTotalAllocation BasisSalaries$42,000Number of employeesDepreciationAdvertising26,000Cost of goods sold58,000Net salesItemDrilling GrindingTotalNumber of employees1,960$344,500$ 93,0004,900$848,000$248,0002,940$503,500$155,000Net salesCost of goods soldThe amount of the total office expenses that should be allocated to Grinding for the current period is (Do not round your intermediate calculations.)

Overhead allocation is a method of allocating indirect expenses. it can be allocated using the…

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Office Expenses Salaries Total Allocation Basis Number of employees Cost of goods sold $42,000 Depreciation Advertising 26,000 58,000 Net sales Item Drilling Grinding Total Number of employees 2,940 $344,500 $503,500 $848,000 $155,000 1,960 4,900 Net sales Cost of goods sold $ 93,000 $248,000 The amount of the total office expenses that should be allocated to Grinding for the current period is (Do not round your intermediate calculations.)

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Office Expenses Salaries Total Allocation Basis Number of employees Cost of goods sold $42,000 Depreciation Advertising 26,000 58,000 Net sales Item Drilling Grinding Total Number of employees 2,940 $344,500 $503,500 $848,000 $155,000 1,960 4,900 Net sales Cost of goods sold $ 93,000 $248,000 The amount of the total office expenses that should be allocated to Grinding for the current period is (Do not round your intermediate calculations.)

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 8E: A manufacturing company has two service and two production departments. Building Maintenance and...

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Marks corporation has two operating departments. Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following info (tables in picture) is given. The amount of total office expenses that should be allocated to Grinding for the current period is?