Homework Answers
Answer-1)-
| WHOLESALE GUITARS | ||
| DEPARTMENTAL CONTRIBUTION TO OVERHEAD REPORT | ||
| FOR THE YEAR ENDED DECEMBER 31,2017 | ||
| PARTICULARS | ACOUSTIC | ELECTRIC |
| $ | $ | |
| Sales | 102100 | 84300 |
| Less- Cost of goods sold | 44775 | 47050 |
| Contribution to Overhead | 57325 | 37250 |
| Less- Operating Expenses | ||
| Advertising expense | 4985 | 4350 |
| Depreciation expense-Equipment | 10050 | 8560 |
| Salaries expense | 19600 | 17200 |
| Supplies expense | 1930 | 1750 |
| Rent expense | 7045 | 5970 |
| Utilities expense | 2965 | 2600 |
| Total operating expenses | 46575 | 40430 |
| Net Income (loss) | 10750 | -3180 |
Add Answer to:
Below are departmental income statements for a guitar manufacturer. The manufa department since it has a...
Exercise 9-7 Departmental contribution report LO P3 Below are departmental income statements for a guitar manufacturer....
Exercise 9-7 Departmental contribution report LO P3 Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect Electric $84,000 46,850 37,150 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic $102,300 Cost of goods sold 45,375 Gross profit 56,925 Operating expenses Advertising expense 5,045 Depreciation expensesquipment 10.100 Salaries expense 19.700 Supplies expense 1.970...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic $102,500 Electric $83,100 Sales Cost of goods sold Gross profit Operating expenses Advertising expense Depreciation expense-equipment Salaries expense Supplies expense 45,075 57,425 47,050 36,050 4,300 8,520 17,300 1,740 5,950 2,620 40,430 $(4,380) 4,995 10,130...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Electric Sales $102.600 $85,000 Cost of goods sold 43,775 47.450 Gross profit 58,825 37,550 Operating expenses Advertising expense 5.015 4,320 Depreciation expense-equipment 10.110 8.580 Salaries expense 19,400 17.400 Supplies expense 1.990 1,790 Rent expense...
Below are departmental Income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric...
Below are departmental Income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Electric Sales $101,999 $84,400 Cost of goods sold 45,375 47,150 Gross profit 56,525 37,250 Operating expenses Advertising expense 5,065 4,270 Depreciation expense-equipment 10,079 8,580 Salaries expense 19,700 17,500 Supplies expense 1,960 1,710 Rent expense...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering ellminating its electric...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering ellminating its electric guitar department since it has a net loss. The company classifles advertising, rent, and utilities expenses as Indirect. WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Electric Sales $102,400 $84,200 Cost of goods sold 44,075 46,950 Gross profit 58,325 37,250 Operating expenses Advertising expense 5,065 4,320 Depreciation expense 10,120 equipment 8,530 Salaries expense 19,500 17,400 Supplies expense 1,940 1, 720...
Exercise 22-7 Departmental contribution report LO P3 Below are departmental income statements for a guitar manufacturer....
Exercise 22-7 Departmental contribution report LO P3 Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Electric Sales $ 103,500 $83,400 Cost of goods sold 44,475 47, 450 Gross profit 59,025 35,950 Operating expenses Advertising expense 4,9854 ,290 Depreciation expense-equipment 10,0608 ,590 Salaries...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Electric Sales $ 103,400 $ 83,000 Cost of goods sold 43,975 47,250 Gross profit 59,425 35,750 Operating expenses Advertising expense 5,025 4,320 Depreciation expense—equipment 10,090 8,560 Salaries expense 19,400 17,800 Supplies expense 1,980 1,790...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. Electric $84,600 46,950 37,650 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Sales $102,900 Cost of goods sold 43,875 Gross profit 59,025 Operating expenses Advertising expense 5,005 Depreciation expense-Equipment 10,130 Salaries expense 20, 300 Supplies expense 2,010 Rent expense 7,025 Utilities expense...
ework a Saved Help Save Below are departmental income statements for a guitar manufacturer. The manufacturer...
ework a Saved Help Save Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as Indirect WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Electric Sales $103,000 $84,000 Cost of goods sold 45,275 46,950 Gross profit 57,725 37,050 Operating expenses Advertising expense 1,985 1.250 Depreciation 10,120 8,560 expense-Equipment 19,500 17,100 Salaries expense 2,010...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. Electric $84, 700 46.950 37,750 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Sales $103.300 Cont of goods sold 44,975 Gross profit 58,325 Operating expenses Advertising expense 5,065 Depreciation expense-equipment 10,140 Salarios expense 19,400 Supplies expense 2.010 Rent expense 7.075 Utilities expense...
Exercise 9-7 Departmental contribution report LO P3 Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect Electric $84,000 46,850 37,150 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic $102,300 Cost of goods sold 45,375 Gross profit 56,925 Operating expenses Advertising expense 5,045 Depreciation expensesquipment 10.100 Salaries expense 19.700 Supplies expense 1.970...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic $102,500 Electric $83,100 Sales Cost of goods sold Gross profit Operating expenses Advertising expense Depreciation expense-equipment Salaries expense Supplies expense 45,075 57,425 47,050 36,050 4,300 8,520 17,300 1,740 5,950 2,620 40,430 $(4,380) 4,995 10,130...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Electric Sales $102.600 $85,000 Cost of goods sold 43,775 47.450 Gross profit 58,825 37,550 Operating expenses Advertising expense 5.015 4,320 Depreciation expense-equipment 10.110 8.580 Salaries expense 19,400 17.400 Supplies expense 1.990 1,790 Rent expense...
Below are departmental Income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Electric Sales $101,999 $84,400 Cost of goods sold 45,375 47,150 Gross profit 56,525 37,250 Operating expenses Advertising expense 5,065 4,270 Depreciation expense-equipment 10,079 8,580 Salaries expense 19,700 17,500 Supplies expense 1,960 1,710 Rent expense...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering ellminating its electric guitar department since it has a net loss. The company classifles advertising, rent, and utilities expenses as Indirect. WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Electric Sales $102,400 $84,200 Cost of goods sold 44,075 46,950 Gross profit 58,325 37,250 Operating expenses Advertising expense 5,065 4,320 Depreciation expense 10,120 equipment 8,530 Salaries expense 19,500 17,400 Supplies expense 1,940 1, 720...
Exercise 22-7 Departmental contribution report LO P3 Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Electric Sales $ 103,500 $83,400 Cost of goods sold 44,475 47, 450 Gross profit 59,025 35,950 Operating expenses Advertising expense 4,9854 ,290 Depreciation expense-equipment 10,0608 ,590 Salaries...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. Electric $84,600 46,950 37,650 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Sales $102,900 Cost of goods sold 43,875 Gross profit 59,025 Operating expenses Advertising expense 5,005 Depreciation expense-Equipment 10,130 Salaries expense 20, 300 Supplies expense 2,010 Rent expense 7,025 Utilities expense...
ework a Saved Help Save Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as Indirect WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Electric Sales $103,000 $84,000 Cost of goods sold 45,275 46,950 Gross profit 57,725 37,050 Operating expenses Advertising expense 1,985 1.250 Depreciation 10,120 8,560 expense-Equipment 19,500 17,100 Salaries expense 2,010...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. Electric $84, 700 46.950 37,750 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Sales $103.300 Cont of goods sold 44,975 Gross profit 58,325 Operating expenses Advertising expense 5,065 Depreciation expense-equipment 10,140 Salarios expense 19,400 Supplies expense 2.010 Rent expense 7.075 Utilities expense...
Most questions answered within 3 hours.
-
What might be a negative mutation that would hinder the
bug population?
asked 1 minute ago -
A mass of 0.50 g of an unknown acid HA required 20.0 mL of 0.25
M...
asked 6 minutes ago -
Mitch is a director and officer of Numero Uno, Inc. Mitch makes
a marketing decision that...
asked 7 minutes ago -
A pair of fair dice is tossed. Let X denote the larger of the
two numbers...
asked 15 minutes ago -
What are the variety of forms of products dispensed with aerosol
spray?
asked 20 minutes ago -
Which one of the following statements is true about C++
keywords?
a. A keyword can have...
asked 20 minutes ago -
Pyruvate Kinase, an allosteric enzyme, accelerates the
conversion of phosphoenolpyruvate to pyruvate.
1) Draw curves describing...
asked 22 minutes ago -
question 1
Which of the following is an example of a bottom-up technique
for developing promotional...
asked 39 minutes ago -
1)In FM modulation, what aspect of the carrier is being
modulated?
2)Explain in your own words,...
asked 36 minutes ago -
Andromeda Galaxy, M31, is considered a sister galaxy to Milky
Way galaxy. One similarirty is their...
asked 41 minutes ago -
How does temperature affect ADH during enzyme
kinetics?
asked 50 minutes ago -
A $1000 par value convertible bond has a conversion price of
$25. It is currently selling...
asked 58 minutes ago