The following data were summarized from the accounting recordsfor Huggins Constr

Question

The following data were summarized from the accounting recordsfor Huggins Construction company for the year ended June 30,2008.

Cost of goods sold:

ResidentialDivision               300,000

IndustrialDivision                 167,840

Administrative expenses:

ResidentialDivision               80,320

IndustrialDivision                 66,560

Service Department:

ResidentialDivision               54,240

IndustrialDivision                 24,960

Net Sales:

ResidentialDivision               516,000

IndustrialDivision                 321,920

Prepare divisional statements for Huggins ConstructionCompany.

(Note: Text states, Residential Division incomefrom operations, $80,640)

Explanation / Answer

Is there any allocation base available for the service departments? Iam not getting the answer 80,640. If you have any text info or any sample problem on this area,please provide it here.I would like to know how they came in tothis answer. Thanks.

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