Answer the following questions using the information below:
The Appliance Store sells a refrigerator and a freezer as a single package for $1,000. Other data are in the chart below.
-Using the stand-alone method with selling price as the weight for revenue allocation, what amount will be allocated to the refrigerator?
Definitions:
Time-Driven Activity-Based Costing
An approach to costing that utilizes precise measurements of the time required to perform activities for calculating the cost of those activities, thereby enabling more precise product or service costing.
Customer Service Department
A division within a company dedicated to addressing customer inquiries, concerns, and providing support.
Unused Capacity
The portion of a company's production capability or resources that is not being utilized to its full potential.
Number of Employees
The total count of individuals working for a company, including full-time and part-time staff.
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