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Question
The following data are available for the Cleaning Services Department of Amitol Co.
| Revenues | $216,000 |
| Cost of sales | 168,000 |
| Expenses: | |
| Supplies-direct | 12,000 |
| Salaries-indirect allocated | 34,000 |
| Rent-direct | 8,000 |
| Rent-indirect allocated | 4,500 |
Required: Calculate departmental contribution to overhead for the Cleaning Services Department, including the department's contribution as a percentage of revenues.
Answer
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Related questions
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Periods
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Q:
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Q:
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A. Total cost times markup percentage.
B. Total cost per unit times markup percentage per unit.
C. Total cost per unit divided by markup percentage per unit.
D. Markup percentage per unit divided by total cost per unit.
E. Markup percentage divided by total cost.
Q:
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B. Perfect predictions of future outcomes.
C. Results from past outcomes only.
D. Results from current outcomes only.
E. Speculation of interest rates and economic performance only.
Q:
If net present values are used to evaluate two investments that have equal costs and equal total cash flows, the one with more cash flows in the early years has the higher net present value.