Answered: Number of Payroll Checks Number of…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 43E: Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required:...

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1.A department store apportions payroll costs on the basis of the number of payroll checks issued. Accounting costs are apportioned on the basis of the number of reports. The payroll costs for the year were $236,000 and the accounting costs for the year totaled $76,600. The departments and the average cost of store equipment and average cost of inventory for each are as follows:

	Number of Payroll Checks	Number of Reports
Department R	482	75
Department S	1,470	80
Department T	148	345

Determine the amount of (a) payroll cost and (b) accounting cost to be apportioned to each department.

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