10. 1.00 points Word Problem 18-23 [LU 18-2 (4) Better Finance, based in San Fra

Question

10. 1.00 points Word Problem 18-23 [LU 18-2 (4) Better Finance, based in San Francisco, Califomia, provides leasing and credit solutions to consumers and small businesses. If Better Finance wants to distribute $41,000 worth of overhead by sales. New customer sales (NCS) Current customer new sales (CCNS) Current customer loan extension sales (CCLES) S 4,960,000 4,960,000 2,480,000 $12,400,000 Calculate the overhead expense for each department. Overhead expense New customer sales Current customer loan extension sales

Explanation / Answer

CALCULATION OF OVERHEAD BY SALES CALCULATION OF THE SALES PERCENTAGE Area Sales Percentage Overhead Cost Overhead Cost X Percentage New Customer Sales $                                  49,60,000 40.0% $              41,000 $                   16,400 Current Customer New Sales $                                  49,60,000 40.0% $              41,000 $                   16,400 Current customer loan Extension Sales $                                  24,80,000 20.0% $              41,000 $                     8,200 $                              1,24,00,000 $                   41,000 Overhead Expenses New Customer Sales $                                        16,400 Current Customer New Sales $                                        16,400 Current customer loan Extension Sales $                                          8,200

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