VelCraft Allocates Costs from Its Payroll Department and the MaintenanceWhat Amount of the Payroll Department Costs Will Be Allocated

The Answer of VelCraft Allocates Costs from Its Payroll Department and the MaintenanceWhat Amount of the Payroll Department Costs Will Be Allocated

VelCraft Allocates Costs from Its Payroll Department and the MaintenanceWhat Amount of the Payroll Department Costs Will Be Allocated

The Answer of VelCraft Allocates Costs from Its Payroll Department and the MaintenanceWhat Amount of the Payroll Department Costs Will Be Allocated

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VelCraft Allocates Costs from Its Payroll Department and the Maintenance

question 98

Multiple Choice

VelCraft allocates costs from its payroll department and the maintenance department to its production departments using the direct method of allocation.Payroll department costs are allocated based on the number of employees in the department and maintenance department costs are allocated based on the number of square feet that the production department occupies within the factory.Information about the departments is presented below: $\begin{array}{lrrr}&&\text { Number of } & \text { Number of Square } \\\text { Department } & \text { Costs } &\text { Emplovees }&\text { feet Occupied }\\\text { Payroll } & \$ 150,000 & 2 & 2,000 \\\text { Maintenance } & \$ 220,000 & 8 & 64,000 \\\text { Molding } & & 75 & 100,000 \\\text { Finishing } & & 50 & 60,000 \\\text { Packaging } & & 25 & 40,000\end{array}$ What amount of the payroll department costs will be allocated to the molding department?

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Definitions:

CONCAT

A function in many programming languages and databases used to join two or more strings together.

Statistical Functions

Functions built into software that perform calculations on data sets for the purpose of statistical analysis, such as mean, median, variance, and standard deviation.

COUNTIF

A function in spreadsheet applications that counts the number of cells within a range that meet a specified condition.

AVERAGEIF

An Excel function that calculates the average of all numbers in a range that meet specified criteria.