Gizmo Company,a Manufacturer of Small Appliances,had the Following Activities,allocated Costs,and

question 141

Multiple Choice

Gizmo Company,a manufacturer of small appliances,had the following activities,allocated costs,and allocation bases:

The above activities are carried out at two of its regional offices.

What is the cost per hour for the account inquiry activity? (Round your answer to the nearest cent. )

• A)$0.90
• B)$26.15
• C)$7.14
• D)$2.00

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Definitions:

Dividends Declared

The announcement by a company's board of directors of the intention to pay dividends to shareholders.

Book Value

The net value of a company's assets minus its liabilities, as recorded on its balance sheet, often used to assess its financial health.

Dividends Paid

The total amount of dividend payments issued to shareholders during a particular period.

Consolidation Worksheet

A tool used in preparing consolidated financial statements that combines the financials of a parent company and its subsidiaries.