In the first step of the allocation, the amount of Personnel Department cost allocated to the Family Medicine Department is closest to:
A)$26,555
B)$56,343
C)$28,875
D)$25,788

Question

Quizplus · Accepted Answer

The amount of Personnel Department cost allocated to the Family Medicine Department is $26,555. This is calculated by multiplying the total Personnel Department cost of $531,100 by the percentage of Family Medicine Department expenses to total expenses, which is 5%.

In the First Step of the Allocation, the Amount of Personnel