10.00 points Wendy Chen established Windy City Coaching (WCC) to provide teen co
ID: 2540703 • Letter: 1
Question
10.00 points Wendy Chen established Windy City Coaching (WCC) to provide teen counseling and executive coaching services to its clients. WCC charges a $300 fee per hour for each service. The revenues and costs for the year are shown in the following income statement: WINDY CITY COACHING Income Statement Executive Counseling Coaching $144,000 Teen Total $63,000 $207,000 Administrative support Transportation, etc Equipment Profit 43,000 31,680 24,700 $107,620 WCC has kept good records of the following data for cost allocation purposes: Level Teen Executive Activity Providing administrative support Traveling Using equipment Cost Driver Number of clients Number of visits Computer hours 140 80 1,100Explanation / Answer
a.
b.
Total expenses = $43,000 + 31,680 + 24,700 = $99,380
Account Teen Counseling Executive Coaching Total Revenue $63,000 $144,000 $207,000 Expenses: Administrative support 43,000 /10 x 6 = 25,800 43,000 /10 x 4 = 17,200 43,000 Transportation, etc 31,680 / 220 x 80 = 11,520 31,680 / 220 x 140 = 20,160 31,680 Equipment 24,700 / 1,900 x 1,100 = 14,300 24,700 / 1,900 x 800 = 10,400 24,700 Profit $11,380 $96,240 $107,620Related Questions
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