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 Sales Salaries Gross profit Direct expenses Total direct expenses Departmental contribution to overhead Food $ 121,600 72,400 49,200 Required A Required B Prepare the departmental contribution to overhead. Departmental Contribution to Overhead Food $ 14,500 3,300 2,200 4,650 4,150 Complete this question by entering your answers in the tabs below. $ Answer is not complete. 20,400 14,500 5,900 Beverage $ 81,600 44,400 37,200 $ 0 5,900 $ < Required A 8,250 1,700 1,100 5,500 6,050 Beverage 14,600 X 8,250 6,350 0 6,350 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 Sales Salaries Gross profit Direct expenses Total direct expenses Departmental contribution to overhead Food $ 121,600 72,400 49,200 Required A Required B Prepare the departmental contribution to overhead. Departmental Contribution to Overhead Food $ 14,500 3,300 2,200 4,650 4,150 Complete this question by entering your answers in the tabs below. $ Answer is not complete. 20,400 14,500 5,900 Beverage $ 81,600 44,400 37,200 $ 0 5,900 $ < Required A 8,250 1,700 1,100 5,500 6,050 Beverage 14,600 X 8,250 6,350 0 6,350 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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