Burton Co. Requests assistance allocating costs and determining the profitability of its two departments: Skis and Snowboards. Shared indirect expenses include rent and supervision. Use the Tableau Dashboard, with information from Burton’s December 31 year-end reports, for our analysis.
Compute gross profit for each department. 2. Allocate rent expense to each department.
Required 1Required 2
Compute gross profit for each department.
Department Gross Profit
Skis
Snowboards
Allocate rent expense to each department.
Rent expense Allocation Base Percent of Allocation Base Cost to be Allocated Allocated Cost
Department Numerator Denominator % of Total
Skis
Snowboards
Totals
Answers
Based on the sales and cost of goods sold for both departments of Burton Co., the gross profits are:
Skis - $58,000.Snowboards - $15,000.The rent expenses can be allocated as:
Skis - $5,400.Snowboards - $2,400.What are the departmental gross profits?This can be found as:
= Sales - Gross profit
Ski department: Snowboards:
= 100,000 - 42,000 = 75,000 - 60,000
= $58,000 = $15,000
What are the rental expenses?The allocation base for the rent expenses is the square feet occupied by each department.
Ski department:
Allocation Base Percent of base Cost to be allocated Allocated cost
14,000 feet² 70% $8,000 $5,600
Snowboard department:
Allocation Base Percent of base Cost to be allocated Allocated cost
6,000 feet² 30% $8,000 $2,400
Percent of base for Ski department is:
= 14,000 / (14,000 + 6,000)
= 70%
Allocated cost is:
= 70% x 8,000
= $5,600
Percent of base for Snowboard department is:
= 6,000 / (14,000 + 6,000)
= 30%
Allocated cost is:
= 30% x 8,000
= $2,400
Find out more on allocated cost at https://brainly.com/question/26656438.
Related Questions
If the existing product is being sold to teenagers in one country and new entry involves selling the existing product to teenagers in a new country then this represents a new product use. Group startsTrue or False
Answers
It is FALSE to assert that it is a new product use if an existing product is sold to teenagers in one country and a new entry involves sales to teenagers in a new country.
What is a new product use?A new product use refers to the first usage of a new product by customers anywhere in the world. A new product is also new even to the company that sells it.
But if the company had acquired some selling experience about the product in one country, it is not a new product use when it sells the product in a new country.
Thus, it is FALSE to assert that it is a new product use if an existing product is sold to teenagers in one country and a new entry involves sales to teenagers in a new country.
Learn more about new products development at https://brainly.com/question/6786480
Dale, a senior accountant, references the company’s accounting statements as the basis for a summary of his firm’s financial information, products, and growth plans for owners and potential investors. The summary Dale is preparing is called a(n)
Answers
The summary that Dale, a senior accountant, is preparing with reference to the company's financial statements is called the annual report.
What is the annual report?Corresponds to a document containing the accounting information of an organization and which must be disclosed in accordance with established laws, being an instrument of accountability to partners and shareholders of a company.
Therefore, the annual report increases the transparency and reliability of the company's equity situation, helping in decision making and attracting investors.
Find out more about annual report here:
https://brainly.com/question/17149546
When businesses calculate the costs to borrow money for capital budget projects they must be sure to include the _____ expenses for the debt used to finance the project. Multiple choice question. interest equity principal factor
Answers
Businesses must include the interest expenditures for the debt used to finance capital budget projects when calculating the costs of borrowing money for capital budget projects.
What is interest in business?The cost a firm pays a lender to borrow money is known as interest. Interest is normally calculated on the outstanding balance of a loan and paid monthly.
However there are a variety of options, At an agreed-upon interest rate, interest is normally computed as a percentage of the loan balance.
Thus, option A, interest is the correct option.
For further detail about interest, click here:
https://brainly.com/question/17973069
#SPJ1
Select the correct answer from each drop-down menu.
What cultural aspects must businesses consider when making marketing decisions?
Companies must consider the
political scenarios
of different countries to run sustainable business. This practice also helps safeguard the reputation and goodwill of their brands.
Businesses should avoid portraying rebellious behavior in
underdeveloped
societies. Marketers must also learn about
to avoid conflicting with religious or social sentiments.
Answers
Answer:
the first one is not political scenarios
the second one is not underveloped
and the final one is social and cultural norms
Explanation:
i took the test ande i only got the third one right
Answer:
Cultural Norms, Hierarchical, and Social & Cultural Norms
Explanation:
Companies must consider the cultural norms of different countries to run sustainable business. This practice also helps safeguard the reputation and goodwill of their brands.
Businesses should avoid portraying rebellious behavior in hierarchical societies. Marketers must also learn about social and cultural norms to avoid conflicting with religious or social sentiments.
This is 100% correct on the test.
if you want a higher interest rate and need to make only a few transactions per month, which type of account should you choose?
1. Certificate of deposit
2. Checking account
3. Savings account
4. Money market account
Answers
Answer:
Money Market Account
Explanation:
Limits your number of monthly transactions.
Slightly higher interest rates than the basic savings account.
Answer:
1. Certificate of deposits
Explanation:
that is the answer
According to the short-run Phillips curve, the unemployment rate and the inflation rate are a. positively related. b. unaffected by monetary policy. c. negatively related. d. unrelated.
Answers
According to the short-run Phillips curve, the unemployment rate and the inflation rate are: C. negatively related.
What is the Phillips curve?Phillips curve can be defined as an economic theory which states that there exist an inverse (negative) relationship between the rate of unemployment and inflation rate in a particular economy and at a given period of time.
This ultimately implies that, the unemployment rate and inflation rate share an inverse relationship (negatively related) according to the short-run Phillips curve.
Read more on unemployment here: https://brainly.com/question/734393
Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the market to be ______ than they would otherwise be. This results in consumers buying ______ output
Answers
Prices in the market to be more than they would otherwise be. This results in consumers buying less output
What is tradebarrier?This. are limitations pose on business, tht leads to the restriction of some goods and services in a market.
Goods with restrictions are therefore not allowed in the market.
Therefore, prices in the market to be more than they would otherwise be. This results in consumers buying less output
Learn more on price here
https://brainly.com/question/1153322
#SPJ1
Each month Mary and Brad Johnson have lengthy discussions about their household spending. They do not understand why they are continually short of money even though they both have good salaries. What actions might be taken to avoid personal and financial difficulties?
Answers
Mary and Brad needs to do certains things like keep the track of payments which they are spending, keep the budget, balance checkbook, make short and long term goals, these activities helps the both to avoid financial difficulties.
What is balance checkbook?When you reconcile your checking account or checkbook, you ensure that the records you've kept for all of your spending and income match what the bank states on your physical or online statement.
Balancing the checkbook is a means of ensuring that records correspond to those of the bank.
Thus, they need to keep the records of transcations.
For more details about balance checkbook, click here
https://brainly.com/question/3599517
#SPJ1
Using a brokerage firm, a qualified investor buys 1000 shares of a common stock at $50 a share on 50% margin. This means that the:.
Answers
If the common stock is $50 a share on 50% margin. This means that the: brokerage firm is lending the investor 50% of the money.
BrokeageCommon stock:
Common stock=1,000 shares×$50 per share×(50% margin)
Common stock=$50,000×50% margin
common stock=$25,000
Based on the above calculation the 50% margin simply means that the brokeage company is borrowing the investor the 50% of the money which is $25,000.
Therefore this means that the: brokerage firm is lending the investor 50% of the money.
Learn more about Brokeage here:https://brainly.com/question/24302053
For the purpose of content marketing, the ______ portion of strategic planning focuses on how content marketing can help achieve certain goals and objectives.
Answers
The strategies portion of strategic planning focuses on how content marketing can help achieve certain goals and objectives.
What is content marketing?Content marketing is a marketing strategy and can be defined as the way of creating product awareness so as to attract potential customers by making use of media channels to market a product.
Most companies tend to make use of content marketing to advert or market their product so as to increase sales.
Therefore The strategies portion of strategic planning focuses on how content marketing can help achieve certain goals and objectives.
Learn more about content marketing here:https://brainly.com/question/25778296
#SPJ1
In many countries, one of the roles of the central bank is to provide loans to distressed financial institutions. What is the term for this
Answers
Answer: Lender of last resort
Rhonda miller wants to take out a 4 year loan to purchase a car. What type of computation would she use to calculate her monthly payments?.
Answers
Rhonda miller wants to take out a 4-year loan to purchase a car. What type of computation would she use to calculate her monthly payments?
⇒ Present Value of an annuity
Hope that helps!
Regina, Brock, and Sean are website designers who have been tasked to create a new website together.
This is an example of:
alliance
collaboration
punctuality
relationship
Answers
Answer:
B: Collaboration
Explanation:
I took the test
Answer:
B: Collaboration
Explanation:
I took the test
What is one statement that economists would say is INCORRECT?
A. Society's resources are limited.
B.People usually put their own interests as their first priority.
C.The stock market only affects people who invest in it.
Answers
Answer:
C.The stock market only affects people who invest in it.
The stock market affects everyone, not just the people who invest in it.
The incorrect statement that economists is "the stock market only affects people who invest in it". The correct option is C.
The direct impacts are felt by investors, the stock market's ripples extend far beyond. It reflects economic health, affecting job creation, business decisions and consumer confidence.
Market fluctuations influence retirement funds, pensions and even governments through taxation and policies. The interconnected financial system means market changes cascade which impacting industries, borrowing costs and global trade.
The stock market's reach is profound, influencing individuals and institutions, irrespective of direct investment involvement which is making its effects pervasive in the broader economic landscape.
Therefore, the correct option is C.
To know more about economists here,
https://brainly.com/question/28259071
#SPJ3
Both ________ and ________ are monetary liabilities of the fed.
Answers
Warranties must be prominently displayed on vehicles being sold, as
guaranteed by the
O A. Credit Card Accountability, Responsibility, and Disclosure Act
B. Used Car Rule
O C. Uniform Commercial Code
O D. Bill of Consumer Rights
Answers
Answer:
B. Used Car Rule
Explanation:
Warranties must be prominently displayed on vehicles being sold, as guaranteed by the Used Car Rule. Hence, option B is correct.
What is warranty?A warranty is a form of written guarantee granted to a purchaser, by the virtue of which the purchaser is insured of any mentioned damages within a specified period, or as per the conditions of the issue of warranty.
As per the regulations made under the Used Car Rules, a seller has to specifically mention the details of warranties available to the buyer or purchaser upon the purchase of used vehicles.
Hence, option B holds true regarding the warranties on vehicles being sold.
Learn more about warranty here:
https://brainly.com/question/27241092
#SPJ5
Replication of the lagging strand of dna is accomplished by repeatedly making __________ followed by 1,000–2,000 nucleotide segments called __________.
Answers
Answer:
short RNA primers; Okazaki fragments
Explanation:
This is mostly on memorization of biology definitions! Okazaki fragments is the name for the nucleotide segment and the strand includes primers that initiates DNA synthesis.
These lists outline the details of two jobs. which job-related factor do both lists show? family needs job location personal life annual wages
Answers
The lists that detailed the two jobs are related to the annual wages and job-related factors.
What do you mean by a job?A job refers to the type of work that needs to be done to get money in return. In other words, it refers to the task that is a responsibility of a person to do.
Both these lists detail the two jobs regarding the annual wages job-related factor.
Therefore, D is the correct option.
Learn more about the Job here:
https://brainly.com/question/14215435
Answer:
D
Explanation:
In his fourth-grade class, Mr. Gold is incorporating a play about Benjamin and Deborah Franklin into the study of the history of the events leading up to the Declaration of Independence in 1776. Although Mr. Gold is somewhat new at directing, he knows that organizing the different aspects of producing the play are one of the main keys to a successful production. His best first step in organizing the production is:
Answers
The first step in organizing production is planning the process and developing the project budget and schedule, such as rehearsals and performance review.
What is project planning?It corresponds to practices that are implemented at the beginning of the project, which will help achieve the objectives, that is, they are actions that direct the management and structure the details of the project.
Therefore, it is essential that in every project there is a focused and aligned planning to the available resources, such as time and needs, so that the objectives are achieved effectively.
Find out more about planning here:
https://brainly.com/question/24864915
What types of financial records do you need to keep for tax purposes?
a. pay stubs
b. bank statements
c. receipts
d. all of the above
e. none of the above
Answers
Answer:
All of the above
Explanation:
They are all financial records you need to keep or tax purposes
A disadvantage of adding a salad bar to a school lunch menu would be longer lines for food. a shorter lunch time. higher costs for students. lower food quality.
Answers
The salad bar has been the place with the multiple salad options at the counter. The disadvantage at school has been the increased cost.
What is the purpose of salad for students?The salad has been given as the practice of the addition of the nutrition in the form of a tasty and healthy meal.
The addition of the salad bar to the school menu results in the increased cost of the meal for the students, which acts as a disadvantage to the students and the school. Thus, option C is correct.
Learn more about salad bar, here:
https://brainly.com/question/1042123
Answer:
The answer is C
Explanation:
Bachiko congratulated her staff when the team received an industry award for their project, and also sent a companywide e-mail announcing it. Here, bachiko is using her ________ power.
Answers
Bachiko congratulated her staff when the team received an industry award for their project, and also sent a companywide e-mail announcing it. Here, bachiko is using her Reward power.
Omitted options include:
reward
expert
coercive
referent
personalized
What is Reward Power?Reward power is the formal position power given out to employees by ther Manager or supervisor to reward them for thier act or performance.
Ways Reward power can expressed include through
Praisegiving bonusesraises promotionextra time off from work, etc.Here, Bachiko congratulating her staff when the team received an industry award for their project shows that she is using her Reward power.
Learn more about Reward power here: https://brainly.com/question/14456750
What are some things with investing that you should never do?.
Answers
Answer: Sell a stock because it is going lower
Explanation:
This isnt always bad due to not trying to lose capital while a stock is tumbling.
But the best thing to do is sell a stock because you found a better one.
ComChip is a computer chip manufacturer. Its stock is selling at​ $50 per share and earnings are​ $2 per share. What is the​ stock's P/E​ ratio?
Answers
From 1979 to 2019, real earnings decreased for those having only a high school education or less. among the possible explanations for this trend offered by economists are:
Answers
Real earnings decreased for high school education because globalization has helped those with greater education more than those with less education.
Decrease in real earningsDue to globalization people with higher education or higher qualification has more advantage over those with lesser education or high school education.
This occur because technological changes in recent decades has lead or result in high demand for people with more or higher education.
Inconclusion real earnings decreased for high school education because of globalization.
Learn more about Decrease in real earnings here:https://brainly.com/question/25302588
Which of the following is NOT a type of decision described in the segment?
Contingent decision
"Why" decision
"Whether" decision
"Which" decision Thing
Answers
Among the listed decisions, contingent decisions are not a type of decisions described in the segment since they are decisions already made
What is decision-making?Decisions making are choices that are made among different choices that are placed before an individual.
Some of the decision styles that are crucial to an individual or business include:
DirectiveAnalytical ConceptualBehavioralAmong the listed decisions, contingent decisions are not a type of decisions described in the segment since they are decisions already made but on hold pending the occurrence of a certain event or occurrence.
Learn more on decision here: https://brainly.com/question/5341210
When kfc struggled to open its restaurants in japan, it was experiencing one of the disadvantages of going global. Kfc was encountering the:.
Answers
The disadvantage of going global that KFC was encountering when they opened restaurants in Japan is an example of the Liability of Foreignness.
What is the Liability of Foreignness?This refers to the struggles that a foreign company will face in a country as a result of having to compete with local companies.
KFC in this instance, was most probably finding it difficult to open restaurants because the government didn't want them competing with local franchises.
Find out more on issues with going global at https://brainly.com/question/13974784.
What is the name of the rating error that leads employees to believe that no aspect of their performance needs improvement
Answers
The halo error is the rating error that leads employees to believe that no aspect of their performance needs improvement.
What is the halo rating error?This is the rating error that comes from the assessment that the rater has placed on the person they are rating.
This happens when a person would believe that a certain attribute is the same all round with the person.
Read more on rating error here: https://brainly.com/question/17051834
Brainliest!!
What are three of the most common accidents that take place in the workplace, and what are two ways to prevent each of them?
Answers
Answer: i got u
Explanation:
The most common work injuries are slips, trips, and falls, overexertion, and contact with equipment. All of these injuries are mostly preventable by taking the proper precautions and adhering to OSHA's guidelines.
Answer:
1. Slips, trips, and falls. Solution: Clean up spills immediately. If a spill can’t be cleaned up right away, place “wet floor” warning signs for workers.
Keeps walkways and hallways free of debris, clutter and obstacles.
Keep filing cabinets and desk drawers shut when not in use.
Cover cables or cords in walkways.
Replace burnt-out light bulbs promptly.
Consider installing abrasive floor mats or replacing worn flooring.
Encourage workers to wear comfortable, properly fitted shoes.
2. Overexertion and muscle strains. Solution: Stretch and warm up your muscles before doing an activity. Take breaks every 30 minutes, especially if you usually stay in the same position for many hours.
3. Struck by workers, equipment, or falling objects. Solution: Secure all tools and materials to prevent them from falling on people below. Use toe boards or guardrails on scaffolds to prevent objects from falling. Alternately, use debris nets or catch platforms to grab falling objects. Also, use safety equipment like hardhats.
The Industrial Revolution was characterized by a(n) Group of answer choices migration of manufacturing jobs from the Midwest and Northeast to the South as firms began locating in areas where labor costs were lower.
Answers
The Industrial Revolution was characterized by the increased emphasis on production which resulted to a longer hours and less job security for most workers.
What is an Industrial Revolution?This was a period that experienced a rapid development of industry because of the introduction of machinery.
The Industrial Revolution was characterized by use of steam power, growth of factories, mass production etc
Therefore, the Option A is correct.
Missing options "A. increased emphasis on production, resulting in longer hours and less job security for most workers.
B. migration of manufacturing jobs from the Midwest and Northeast to the South as firms began locating in areas where labor costs were lower.
C. rapid improvement in the wages and working conditions of most workers, resulting in a decline in the need for labor unions.
D. movement away from scientific management, and a greater acceptance of the ideas of Herzberg and Maslow."
Read more about Industrial Revolution
brainly.com/question/13323062