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A department store apportions payroll costs on the basis of the number of payroll checks issued. Accounting costs are apportioned on the basis of the number of reports. The payroll costs for the year were $231,000 and the accounting costs for the year totaled $75,500. The departments and the average cost of store equipment and average cost of inventory for each are as follows:
Number of Payroll Checks Number of Reports
Department R 483 70
Department S 1,470 85
Department T 147 345
Determine the amount of (a) payroll cost and (b) accounting cost to be apportioned to each department.
a company uses activity-based costing to determine the costs of its three products a b and c. the budgeted cost and
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Create a chart of accounts for a small business. If you are currently working in the accounting field, you may use the chart of accounts from your business as the basis of your work. Include your explanation of the structure.
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What is the Sarbanes-Oxley Act? How does act affect the audits for the accounting firm and for the organization? Has the Sarbanes-Oxley Act improved the quality of the audit? Answer in 150-200 words.
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