Rooney Services Company has 51 employees, 34 of whom are assigned to Division A and 17...
Rooney Services Company has 51 employees, 34 of whom are
assigned to Division A and 17 to Division B. Rooney incurred
$308,550 of fringe benefits cost during year 2.
Required
Determine the amount of the fringe benefits cost to be allocated to
Division A and to Division B.
Homework Answers
ANSWER
Allocation rate:
Allocation rate = Fringe benefit cost ÷ No. of employees
= $308,550 ÷ 51 employees
= $6,050 per employee
Allocation:
| Division | Allocation Rate | x | Weight of Base | = | Allocation cost |
| A | $6,050 | x | 34 | = | $205,700 |
| B | $6,050 | x | 17 | = | $102,850 |
| Total allocation cost | $308,550 | ||||
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