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Home Q & A Board Other Fields Homework Help Business Management
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kodan kodan
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Posts: 331
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5 years ago
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
Textbook 
Cost Accounting: A Managerial Emphasis

Cost Accounting: A Managerial Emphasis


Edition: 16th
Authors:
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#1
5 years ago
 B
Explanation:  Costs allocated to the Electric Mixer Division = ($9,500,000 / 13,000,000)  $975,000 = $711,750
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