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Title: The Conity Corporation has an Electric Mixer Division and an Electric Lamp Division. Of a ... Post by: kodan on Jul 31, 2018 The Conity Corporation has an Electric Mixer Division and an Electric Lamp Division. Of a $13,000,000 bond issuance, the Electric Mixer Division used $9,500,000 and the Electric Lamp Division used $3,500,000 for expansion. Interest costs on the bond totaled $975,000 for the year. What amount of interest costs should be allocated to the Electric Mixer Division? (Round any intermediary calculations two decimal places and your final answer to the nearest dollar.)
A) $563,333 B) $711,750 C) $3,500,000 D) $9,500,000 Title: The Conity Corporation has an Electric Mixer Division and an Electric Lamp Division. Of a ... Post by: rene_ram97 on Jul 31, 2018 B
Explanation: Costs allocated to the Electric Mixer Division = ($9,500,000 / 13,000,000) $975,000 = $711,750 |