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Answer the following question(s) using the information below:
At the Todd Company, the cost of the personnel department has always been charged to the various departments based upon the number of employees.Recently, opinions gathered from the department managers indicated that the number of new hires might also be a predictor of personnel costs to be assigned.Total personnel costs are $320,000.
-If the number of employees is considered the cost driver, what amount of personnel costs will be allocated to Department A?
Life Span
The duration or length of life of an organism, object, or system, often used in the context of product life cycles or human longevity.
Portfolio
In finance, a collection of investments.
Projects
Individual or collaborative efforts undertaken to achieve a specific goal within a certain timeframe.
Monte Carlo Simulation
A computational technique that utilizes random sampling and statistical modeling to estimate mathematical functions and mimic the operation of complex systems.
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