Asked by Maryam Ahsan on Jun 08, 2024
Verified
WV Construction has two divisions: Remodeling and New Home Construction.Each division has an on-site supervisor who is paid a salary of $58,000 annually and one salaried estimator who is paid $52,000 annually.The corporate office has two office administrative assistants who are paid salaries of $38,000 and $31,000 annually.The president's salary is $127,000.How much of these salaries are common fixed expenses?
A) $127,000
B) $110,000
C) $196,000
D) $306,000
Common Fixed Expenses
Costs that are shared across different segments or departments of a business and do not vary with the level of production or sales.
On-Site Supervisor
An individual responsible for overseeing and managing workers or operations at a specific physical location.
Corporate Office
The main office or headquarters of a corporation where key administrative and executive activities are conducted.
- Ascertain and measure the effect of directly assignable and shared fixed expenses on the financial status of divisional segments and the entire company.
Verified Answer
Learning Objectives
- Ascertain and measure the effect of directly assignable and shared fixed expenses on the financial status of divisional segments and the entire company.
Related questions
Uchimura Corporation Has Two Divisions: the AFE Division and the ...
Holts Corporation Has Two Divisions: Xi and Sigma ...
Younie Corporation Has Two Divisions: the South Division and the ...
Eyestone Corporation Has Two Divisions, a and B ...
Duve Corporation Has Provided the Following Contribution Format Income Statement ...