Homework Answers
| Dept. A | Dept. B | Dept. C | |
| Sales | $ 60,000 | $ 217,000 | $ 84,000 |
| Cost of Goods Sold | 37,800 | 112,840 | 44,520 |
| Gross Profit | 22,200 | 104,160 | 39,480 |
| Total Direct Expenses | 4,380 | 41,260 | 8,486 |
| Contribution to overhead | 17,820 | 62,900 | 30,994 |
| Contribution Percentage ( of Sales ) | 29.7 | 29.0 | 36.9 |
Workings are as follows,
For Dept. A
Contribution to Overhead = 22,200 - 4,380 = 17,820
Percentage =
For Dept. B
Contribution to Overhead = 104,160 - 41,260 = 62,900
Percentage =
For Dept. A
Contribution to Overhead = 39,480 - 8,486 = 30,994
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Use the information in the follow table to compute each department's contribution to overhead (both in...
QS 22-9 Departmental contribution to overhead LO P3 Use the information in the following table to compute each departmen...
QS 22-9 Departmental contribution to overhead LO P3
Use the information in the following table to compute each
department’s contribution to overhead (both in dollars and as a
percent). (Round Contribution percent to 1 decimal
place.)
QS 22-9 Departmental contribution to overhead LO P3 Use the information in the following table to compute each department's contri bution to overhead (both in dollars and as a percent) (Round Contribution percent to 1 decimal place. Dept. A 53,000 $180,000 $ 84,000 Dept....
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...
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...
Round Contribution percent to 1 decimal place.) Sales Cost of goods sold $ 64,000 40,320 23.680...
Round Contribution percent to 1 decimal place.) Sales Cost of goods sold $ 64,000 40,320 23.680 5.340 5 186,000 96,720 89,280 41.680 5 83,000 43.990 39,010 9,146 Gross profit Total direct expenses Contribution to overhead Contribution percent of sales) Which department contributes the largest dollar amount to total overhead? Department A Department B Department Which department contributes the highest percent (as a percent of sales) to total overhead? Department A Department B Department
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...
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 manufactu rer. The manufacturer is considering eliminating its e...
Below are departmental income statements for a guitar manufactu rer. 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 $101,900 $83,100 47,750 45,175 56,725 Cost of goods sold Gross profit Operating expenses Advertising expense Depreciation expense-equipment Salaries expense 35,350 4,995 4,320 10,060 8,510 20,200 1,940 7,055 2,955 17,500 1,770 Supplies...
Return to ques Exercise 22-8 Departmental income statement and contribution to overhead LO P3 10 Jansen...
Return to ques Exercise 22-8 Departmental income statement and contribution to overhead LO P3 10 Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. points Sales Cost of goods sold Salaries Utilities Depreciation office expenses $610,000 445,000 115,000 ($25,600 is indirect) 17,800 ($5,900 is indirect) 50,000 ($17,500 is indirect) 29,200 (all indirect) 1. Prepare a departmental income statement for 2019. 2. & 3. Prepare a departmental contribution...
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...
The Dogri Company provides you with the following miscellaneous data regarding operations in 20X9: (Click the...
The Dogri Company provides you with the following miscellaneous data regarding operations in 20X9: (Click the icon to view the data.) Requirements Compute (a) variable selling and administrative expenses, (b) contribution margin in dollars, (c) variable manufacturing overhead, (d) break-even point in sales dollars, and (e) manufacturing cost of goods sold. Complete the income statement to solve for (a) variable selling and administrative expenses, (c) variable manufacturing overhead, and (e) manufacturing cost of goods sold. Data Table Cost of goods...
QS 22-9 Departmental contribution to overhead LO P3
Use the information in the following table to compute each
department’s contribution to overhead (both in dollars and as a
percent). (Round Contribution percent to 1 decimal
place.)
QS 22-9 Departmental contribution to overhead LO P3 Use the information in the following table to compute each department's contri bution to overhead (both in dollars and as a percent) (Round Contribution percent to 1 decimal place. Dept. A 53,000 $180,000 $ 84,000 Dept....
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...
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...
Round Contribution percent to 1 decimal place.) Sales Cost of goods sold $ 64,000 40,320 23.680 5.340 5 186,000 96,720 89,280 41.680 5 83,000 43.990 39,010 9,146 Gross profit Total direct expenses Contribution to overhead Contribution percent of sales) Which department contributes the largest dollar amount to total overhead? Department A Department B Department Which department contributes the highest percent (as a percent of sales) to total overhead? Department A Department B Department
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...
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 manufactu rer. 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 $101,900 $83,100 47,750 45,175 56,725 Cost of goods sold Gross profit Operating expenses Advertising expense Depreciation expense-equipment Salaries expense 35,350 4,995 4,320 10,060 8,510 20,200 1,940 7,055 2,955 17,500 1,770 Supplies...
Return to ques Exercise 22-8 Departmental income statement and contribution to overhead LO P3 10 Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. points Sales Cost of goods sold Salaries Utilities Depreciation office expenses $610,000 445,000 115,000 ($25,600 is indirect) 17,800 ($5,900 is indirect) 50,000 ($17,500 is indirect) 29,200 (all indirect) 1. Prepare a departmental income statement for 2019. 2. & 3. Prepare a departmental contribution...
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...
The Dogri Company provides you with the following miscellaneous data regarding operations in 20X9: (Click the icon to view the data.) Requirements Compute (a) variable selling and administrative expenses, (b) contribution margin in dollars, (c) variable manufacturing overhead, (d) break-even point in sales dollars, and (e) manufacturing cost of goods sold. Complete the income statement to solve for (a) variable selling and administrative expenses, (c) variable manufacturing overhead, and (e) manufacturing cost of goods sold. Data Table Cost of goods...
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