Sales Cost of goods sold Gross profit Expenses Salaries Rent Utilities Share of office expenses Share of purchasing expenses Food $ 120,400 72,100 48,300 14,500 3,300 2,200 4,350 3,850 Beverage $ 80,400 44,100 36,300 8,250 1,700 1,100 5,200 5,750
Sales Cost of goods sold Gross profit Expenses Salaries Rent Utilities Share of office expenses Share of purchasing expenses Food $ 120,400 72,100 48,300 14,500 3,300 2,200 4,350 3,850 Beverage $ 80,400 44,100 36,300 8,250 1,700 1,100 5,200 5,750
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please don't give image based answer..thanku
![Use the information below to prepare (a) departmental income statements and (b) the departmental contribution to
overhead. Salaries are direct expenses, and all other expenses are indirect expenses.
Sales
Cost of goods sold
Gross profit
Expenses
Salaries
Rent
Utilities
Share of office expenses
Share of purchasing expenses
Required A Required B
Food
$ 120,400
Prepare departmental income statements.
72,100
48,300
14,500
3,300
2,200
4,350
3,850
Beverage
$ 80,400
44,100
36,300
8,250
1,700
Complete this question by entering your answers in the tabs below.
1,100.
5,200
5,750](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa859c73b-ed53-4380-8d93-709998c27385%2Fd3b9d37f-97ab-4059-bfdd-37765e2c019a%2Fj18ynqq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the information below to prepare (a) departmental income statements and (b) the departmental contribution to
overhead. Salaries are direct expenses, and all other expenses are indirect expenses.
Sales
Cost of goods sold
Gross profit
Expenses
Salaries
Rent
Utilities
Share of office expenses
Share of purchasing expenses
Required A Required B
Food
$ 120,400
Prepare departmental income statements.
72,100
48,300
14,500
3,300
2,200
4,350
3,850
Beverage
$ 80,400
44,100
36,300
8,250
1,700
Complete this question by entering your answers in the tabs below.
1,100.
5,200
5,750
![Required A Required B
Prepare departmental income statements.
Gross profit
Expenses
Total expenses
Income
Required A
Departmental Income Statements
Food
Gross profit
Direct expenses
Required B
$
$
Total direct expenses
Departmental contribution to overhead
Prepare the departmental contribution to overhead.
Beverage
0 $
$
0
0 $
Departmental Contribution to Overhead
Food
< Required A
0
0
0 $
0
0
0
Beverage
0
0
0
Required B](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa859c73b-ed53-4380-8d93-709998c27385%2Fd3b9d37f-97ab-4059-bfdd-37765e2c019a%2Fana0wrb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required A Required B
Prepare departmental income statements.
Gross profit
Expenses
Total expenses
Income
Required A
Departmental Income Statements
Food
Gross profit
Direct expenses
Required B
$
$
Total direct expenses
Departmental contribution to overhead
Prepare the departmental contribution to overhead.
Beverage
0 $
$
0
0 $
Departmental Contribution to Overhead
Food
< Required A
0
0
0 $
0
0
0
Beverage
0
0
0
Required B
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