M CH 24 Homework Dezto. mheducation.com/hm.tpx ABP Carolina Evans Wild, Fundamen

Question

M CH 24 Homework Dezto. mheducation.com/hm.tpx ABP Carolina Evans Wild, Fundamental Accounting Principles, 21e Gold Standard: Accounting 2 Online Section ACCOUNTING Spring 2016 CH 24 Homework Instructions I help Question 4 (of 7) Save& Exit Submit Save & ExitSubmit value: 0.28 points Exercise 24-6 Indirect payroll expense allocated to departments LO P2 Jessica Porter works in both the jewelry department and the hosiery department of a retail store. Porter assists customers in both departments and arranges and stocks merchandise in both departments. The store allocates Porter's $30,000 annual wages between the two departments based on a sample of the time worked in the two departments. The sample is obtained from a diary of hours worked that Porter kept in a randomly chosen two-week period. The diary showed the following hours and activities spent in the two Selling in jewelry department Arranging and stocking merchandise in jewelry department Selling in hosiery department Arranging and stocking merchandise in hosiery department ldle time spent waiting for a customer to enter one of the selling departments 66 hours 6 hours 12 hours 12 hours 4 hours Allocate Porter's annual wages between the two departments. (Do not round your intermediate calculations.) Department Hours worked Percent of Hours worke Wages Allocation Numerator Denominator % of Hours Jewelry Hosiery Totals 72 24 96 7:03

Explanation / Answer

All Amounts in $ Jessica Porter's Wage Allocation Chart Department Hours % of Wages Allocation Worked Hours Worked 30000 Jewelry 72 75% 22500 Hoisery 24 25% 7500 96 30000

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