question archive Better Finance (previously Bill Float), based in San Francisco, California, provides leasing and credit solutions to consumers and small businesses
Better Finance (previously Bill Float), based in San Francisco, California, provides leasing and credit solutions to consumers and small businesses
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Better Finance (previously Bill Float), based in San Francisco, California, provides leasing and credit solutions to consumers and small businesses. If Better Finance wants to distribute $54,000 worth of overhead by sales. 1.76 points New customer sales (NCS) Current customer new sales (CCNS) Current customer loan extension sales (CCLES) $ 4,795,000 5,480,000 3,425,000 $13,700,000 eBook Print References Calculate the overhead expense for each department. Overhead expense New customer sales Current customer new sales Current customer loan extension sales
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DISTRIBUTION OF OVERHEADS BY SALES AS BASE -
GIVEN THAT,
New customer sales = $4795000
current customer new sales = $5480000
current customer loan extension sales = $3425000.
total sales = $13700000.
overheads = $54000
overhead expenses for new customer sales =
$54000 * ($4795000/$13700000)
= $18900.
overheads expenses for current customer new sales =
$54000 * ($5480000 / $13700000)
= $21600.
overhead expenses for current customer loan extension sales =
$54000 * ($3425000 / $13700000)
= $13500.
OVERHEAD EXPENSES FOR EACH DEPARTMENT =
| PARTICULARS | AMOUNT |
| NEW CUSTOMER SALES | $18900 |
| CURRENT CUSTOMER NEW SALES | $21600 |
| CURRENT CUSTOMER LOAN EXTENSION SALES. | $13500 |
| TOTAL OVERHEADS | $54000 |
