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 $ 126,400 73,600 52,800 Prepare the departmental contribution to overhead. Gross profit Direct expenses 14,500 3,300 Total direct expenses Separtmental contribution to overhead 2,200 5,850 5,350 Complete this question by entering your answers in the tabs below. Departmental Contribution to Overhead Food Beverage. $ 86,400 < Required A 45,600 40,800 8,250 1,700. 1,100 6,700 7,250 Beverage Required B

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 $ 126,400 73,600 52,800 Prepare the departmental contribution to overhead. Gross profit Direct expenses 14,500 3,300 Total direct expenses Separtmental contribution to overhead 2,200 5,850 5,350 Complete this question by entering your answers in the tabs below. Departmental Contribution to Overhead Food Beverage. $ 86,400 < Required A 45,600 40,800 8,250 1,700. 1,100 6,700 7,250 Beverage Required B

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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