Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sales Cost of goods sold Salaries Utilities Depreciation Office expenses $610,000 445,000 112,000 ($25,000 is indirect) 17,800 ($5,800 is indirect) 50,000 ($17,300 is indirect) 28,400 (all indirect) 1. Prepare a departmental income statement for 2019. 2. & 3. Prepare a departmental contribution to overhead report for 2019. Based on these two performance reports, should Jansen eliminate the ski department? Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Prepare a departmental income statement for 2019. JANSEN COMPANY Departmental Income Statement-Ski Department For Year Ended December 31, 2019 Ski Dept Sales $ 610,000 Proet of anode enld A45 00

Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sales Cost of goods sold Salaries Utilities Depreciation Office expenses $610,000 445,000 112,000 ($25,000 is indirect) 17,800 ($5,800 is indirect) 50,000 ($17,300 is indirect) 28,400 (all indirect) 1. Prepare a departmental income statement for 2019. 2. & 3. Prepare a departmental contribution to overhead report for 2019. Based on these two performance reports, should Jansen eliminate the ski department? Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Prepare a departmental income statement for 2019. JANSEN COMPANY Departmental Income Statement-Ski Department For Year Ended December 31, 2019 Ski Dept Sales $ 610,000 Proet of anode enld A45 00

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter25: Departmental Accounting

Section: Chapter Questions

Problem 1CE

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Question

Can you please check my work

Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted.
Sales
$610,000
445,000
112,000 ($25,000 is indirect)
17,800 ($5,800 is indirect)
50,000 ($17 ,300 is indirect)
28,400 (all indirect)
Cost of goods sold
Salaries
Utilities
Depreciation
Office expenses
1. Prepare a departmental income statement for 2019.
2. & 3. Prepare a departmental contribution to overhead report for 2019. Based on these two performance reports, should Jansen
eliminate the ski department?
Complete this question by entering your answers in the tabs below.
Req 1
Req 2 and 3
Prepare a departmental income statement for 2019.
JANSEN COMPANY
Departmental Income Statement-Ski Department
For Year Ended December 31, 2019
Ski Dept
Sales
610,000
Prost of anods sold
A45.000l

eliminate the ski department?
Complete this question by entering your answers in th
Req 1
Req 2 and 3
Prepare a departmental income statement for 2019.
JANSEN COMPANY
Departmental Income Statement-Ski Department
For Year Ended December 31, 2019
Ski Dept
Sales
610,000
Cost of goods sold
445,000
Gross profit
165,000
Operating expenses
Salaries
113,000
Utilities
16,700
Depreciation
45,800
Office expenses
27,200
Operating loss
(37,700)
< Req 1
%24
%24

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