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.)
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QS 22-9 Departmental contribution to overhead LO P3 Use the information in the following table to compute each departmen...
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...
Check my worl Exercise 22-8 Departmental income statement and contribution to overhead LO P3 10 points...
Check my worl Exercise 22-8 Departmental income statement and contribution to overhead LO P3 10 points Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. eBook Print 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) References 1. Prepare a departmental income statement for 2019. 2. & 3. Prepare...
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...
Exercise 22-8 Departmental income statement and contribution to overhead LO P3 Jansen Company reports the followi...
Exercise 22-8 Departmental income statement and contribution to overhead LO P3 Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sales Cost of goods sold $615,000 445,000 ($25,400 is indirect) 17,200 ($5,10e is indirect) ($17,900 is indirect) 23,400 (all indirect) Salaries 111,000 Utilities Depreciation 44,400 Office expenses 1. Prepare a departmental income statement for 2019. 2. & 3. Prepare a departmental contribution to overhead report for 2019....
Use the information in the follow table to compute each department's contribution to overhead (both in...
Use the information in the follow table to compute each department's contribution to overhead (both in dollars and as a percent). (Round Contribution percent to 1 decimal place.) Sales Cost of goods sold Gross profit Total direct expenses Contribution to overhead Contribution percent of sales) Dept. A $ 60,000 37 82 22,200 4,380 Dept. B $ 217,000 112,840 104.160 41.260 Dept C $ 84,000 44,520 39,480 8.486
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...
Problem 22-4A Departmental contribution to income LO P3 Vortex Company operates a retail store with two...
Problem 22-4A Departmental contribution to income LO P3 Vortex Company operates a retail store with two departments. Information about those departments follows Department A $819,e00 450,000 Department B $441,boe 286,650 Sales Cost of goods sold Direct expenses Salaries 121,000 87,000 10,100 27,000 13,000 5,100 Insurance Utilities 19,500 21,500 16,500 6,800 Depreciation Maintenance The company also incurred the following indirect costs. Salaries $32,000 6,400 15,800 44,000 Insurance Depreciation office expenses Indirect costs are allocated as follows: salaries on the basis of...
Problem 22-4A Departmental contribution to income LO P3 Vortex Company operates a retail store with two departments...
Problem 22-4A Departmental contribution to income LO P3 Vortex Company operates a retail store with two departments. Information about those departments follows $451, see Cost of poods sold Direct expenses serie 118,000 10,2 24, 26,5 12. Depreciation Maintenance The company also incurred the following indirect costs. Insurance Depreciation office expenses 7.000 14.00 45,000 Indirect costs are allocated as follows: salaries on the basis of sales Insurance and depreciation on the basis of square footage, and office expenses on the basis...
Problem 22-3A Departmental income statements; forecasts LO P3 Williams Company began operations in January 2019 with...
Problem 22-3A Departmental income statements; forecasts LO P3 Williams Company began operations in January 2019 with two operating (selling) departments and one service (office) department. Its departmental income statements follow. WILLIAMS COMPANY Departmental Income Statements For Year Ended December 31, 2019 Clock Mirror Combined Sales $ 240,000 $ 95,000 $335,000 Cost of goods sold 117,600 58,900 176,500 Gross profit 122,400 36,100 158,500 Direct expenses Sales salaries 20.000 7,500 27,500 Advertising 1.700 700 2.400 Store supplies used 550 1.350 Depreciation-equipment 1,600...
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...
Check my worl Exercise 22-8 Departmental income statement and contribution to overhead LO P3 10 points Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. eBook Print 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) References 1. Prepare a departmental income statement for 2019. 2. & 3. Prepare...
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...
Exercise 22-8 Departmental income statement and contribution to overhead LO P3 Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sales Cost of goods sold $615,000 445,000 ($25,400 is indirect) 17,200 ($5,10e is indirect) ($17,900 is indirect) 23,400 (all indirect) Salaries 111,000 Utilities Depreciation 44,400 Office expenses 1. Prepare a departmental income statement for 2019. 2. & 3. Prepare a departmental contribution to overhead report for 2019....
Use the information in the follow table to compute each department's contribution to overhead (both in dollars and as a percent). (Round Contribution percent to 1 decimal place.) Sales Cost of goods sold Gross profit Total direct expenses Contribution to overhead Contribution percent of sales) Dept. A $ 60,000 37 82 22,200 4,380 Dept. B $ 217,000 112,840 104.160 41.260 Dept C $ 84,000 44,520 39,480 8.486
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...
Problem 22-4A Departmental contribution to income LO P3 Vortex Company operates a retail store with two departments. Information about those departments follows Department A $819,e00 450,000 Department B $441,boe 286,650 Sales Cost of goods sold Direct expenses Salaries 121,000 87,000 10,100 27,000 13,000 5,100 Insurance Utilities 19,500 21,500 16,500 6,800 Depreciation Maintenance The company also incurred the following indirect costs. Salaries $32,000 6,400 15,800 44,000 Insurance Depreciation office expenses Indirect costs are allocated as follows: salaries on the basis of...
Problem 22-4A Departmental contribution to income LO P3 Vortex Company operates a retail store with two departments. Information about those departments follows $451, see Cost of poods sold Direct expenses serie 118,000 10,2 24, 26,5 12. Depreciation Maintenance The company also incurred the following indirect costs. Insurance Depreciation office expenses 7.000 14.00 45,000 Indirect costs are allocated as follows: salaries on the basis of sales Insurance and depreciation on the basis of square footage, and office expenses on the basis...
Problem 22-3A Departmental income statements; forecasts LO P3 Williams Company began operations in January 2019 with two operating (selling) departments and one service (office) department. Its departmental income statements follow. WILLIAMS COMPANY Departmental Income Statements For Year Ended December 31, 2019 Clock Mirror Combined Sales $ 240,000 $ 95,000 $335,000 Cost of goods sold 117,600 58,900 176,500 Gross profit 122,400 36,100 158,500 Direct expenses Sales salaries 20.000 7,500 27,500 Advertising 1.700 700 2.400 Store supplies used 550 1.350 Depreciation-equipment 1,600...
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