Canfield Technical School Allocates Administrative Costs to Its Respective Departments

question 129

Multiple Choice

Canfield Technical School allocates administrative costs to its respective departments based on the number of students enrolled, while maintenance and utilities are allocated per square feet of the classrooms. Based on the information below, what is the total amount of administrative cost to the Accounting Department (rounded to the nearest dollar) if administrative costs for the school were $50,000, maintenance fees were $12,000, and utilities were $6,000?

• A) $8,929.
• B) $17,000.
• C) $18,500.
• D) $22,667.
• E) $11,111.

Determine inventory turnover.

Analyze total asset turnover and its impact on company performance.

Calculate and interpret price-earnings ratios.

Understand the calculation and significance of return on equity (ROE).

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