Author Question: The owner's capital account normally has a credit balance. a. True b. False Indicate whether ... (Read 94 times)

rlane42 · **on:** Jul 5, 2018

The owner's capital account normally has a credit balance.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If advertising expense of 483,000 is allocated on the basis of sales, the cost per cost driver rate would be ________.

Luzent Corporation has two departments, Small and Large. Central costs could be allocated to the two departments in various ways.

Small Department Large Department
Square footage 6,750 17,250
Number of employees 1,120 480
Sales 350,000 1,750,000

A) 0.22 per dollar of sales
B) 0.23 per dollar of sales
C) 0.25 per dollar of sales
D) 0.24 per dollar of sales