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Garcia Company has two operating departments (Phone and Earbuds) and one service department (Office). Its departmental income statements follow. Indirect expenses and service department expenses consist of rent, utilities, and office department expenses. Sales Cost of goods sold Gross profit Expenses Sales salaries Supplies used Depreciation Equipment GARCIA COMPANY Departmental Income Statements For Year Ended December 31 Phone Rent Utilities Share of office department expenses. Total expenses Incure $ 180,000 88,200 91,800 22,500 600 1,500 7.110 2.600 12.500 140 818 $ 44,990 Earbuds $ 85,000 52.700 32,300 8.000 650 800 3,840 2:100 3.500 19.490 $ 12.810 Combined $ 205,000 140,900 124,100 31,100 1,250 2,500 10,950 4,700 16,000 G6, 300 $ 57,000 2

Garcia Company has two operating departments (Phone and Earbuds) and one service department (Office). Its departmental income statements follow. Indirect expenses and service department expenses consist of rent, utilities, and office department expenses. Sales Cost of goods sold Gross profit Expenses Sales salaries Supplies used Depreciation Equipment GARCIA COMPANY Departmental Income Statements For Year Ended December 31 Phone Rent Utilities Share of office department expenses. Total expenses Incure $ 180,000 88,200 91,800 22,500 600 1,500 7.110 2.600 12.500 140 818 $ 44,990 Earbuds $ 85,000 52.700 32,300 8.000 650 800 3,840 2:100 3.500 19.490 $ 12.810 Combined $ 205,000 140,900 124,100 31,100 1,250 2,500 10,950 4,700 16,000 G6, 300 $ 57,000 2

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Garcia Company has two operating departments (Phone and Earbuds) and one service department (Office). Its departmental income statements follow. Indirect expenses and service department expenses consist of rent, utilities, and office department expenses. Sales Cost of goods sold Gross protit Expenses Sales salaries Supplies used Depreciation-Equipment Rent 5 Utilities Share of office department expenses. Total expenses Income GARCIA COMPANY Departmental Income Statements For Year Ended December 31 Phone $ 180,000 88,200 91,800 Penulred 22.500 1000 1,500 171110 21600 12.500 140816 $44.990 Earbuds $ 85,000 52.700 32,300 8.000 650 800 0,840 2,100 5.500 19.490 $ 12.810 Combined $ 265,000 140,900 124,100 31,100 1,250 2,300 10,950 4,700 16,000 GG,300 $.57,000 4
Transcribed Image Text:Garcia Company has two operating departments (Phone and Earbuds) and one service department (Office). Its departmental income statements follow. Indirect expenses and service department expenses consist of rent, utilities, and office department expenses. Sales Cost of goods sold Gross protit Expenses Sales salaries Supplies used Depreciation-Equipment Rent 5 Utilities Share of office department expenses. Total expenses Income GARCIA COMPANY Departmental Income Statements For Year Ended December 31 Phone $ 180,000 88,200 91,800 Penulred 22.500 1000 1,500 171110 21600 12.500 140816 $44.990 Earbuds $ 85,000 52.700 32,300 8.000 650 800 0,840 2,100 5.500 19.490 $ 12.810 Combined $ 265,000 140,900 124,100 31,100 1,250 2,300 10,950 4,700 16,000 GG,300 $.57,000 4
Required: Prepare a departmental contribution to overhead report. Direct expenses Garcia Company Departmental Contribution to Overhead For Year Ended December 31 Phone Total direct expenses Departmental contribution to overhead Earbuds Combined
Transcribed Image Text:Required: Prepare a departmental contribution to overhead report. Direct expenses Garcia Company Departmental Contribution to Overhead For Year Ended December 31 Phone Total direct expenses Departmental contribution to overhead Earbuds Combined
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