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Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 8% For example, if a hospital buys supplies from Worley that had cost Worley $100 to buy from manufactures, Worley would charge the hospital $108 to purchase these supplies.
For years, Worley believed that the 8% markup covered its selling and administrative expenses and provided a reasonable profit. However, in the face of declining profits Worley decided to implement an activity-based costing system to help improve its understanding of customer profitability. The company broke its selling and administrative expenses into five activities as shown below:
line items
Other organizational costs (None) 610,000
Total selling and administrative expenses
Required: Compute the total revenue that Worely would recieve from University and Memorial
Univerity $
Memorial $
Compute the total activity costs that would be assigned to Univeristy and Memorial. (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations.)
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