A grocery store needs to allocate overhead expenses of $309 across its three departments based on...
A grocery store needs to allocate overhead expenses of
$309 across its three departments based on their sales. If
refrigerated foods accounted for $748 in sales, non-refrigerated
foods accounted for $907 in sales, and non-food products accounted
for $612 in sales, what amount of overhead expenses should be
allocated to non-food products?
Homework Answers
Total overhead expenses = $309
sales ratio of 3 departments = 748 : 907 : 612
Total sales = 748+907+612= 2267.
Therefore Overhead expense allocated to non-food products = Total Overhead*(sales of Non-food products/Total sales)
=309 * (612/2267)
=$83.418
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