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Business
Accounting
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

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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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
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
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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