Given the following information about the clothing and hardware departments of Kenyon Company, prepare a departmental expense
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Given the following information about the clothing and hardware departments of Kenyon Company, prepare a departmental expense allocation sheet showing expenses bydepartment:
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Account Indtrect Ex Direct Expenses Clothing Hardware $15,000 6,800 1. Rent Expense 2. Insurance Expense 3. Depreciation Expense 4. Advertising Expense 5. Supplies Expense 6. Salaries Expense 1,600 350 $2,700 700 2,600 3,200 6,300 Additional Facts Net sales Cost of Goods Sold Floor space Clothing $75,000 59,000 Hardware $25,000 20,000 Rent and Insurance: Advertising and Supplies: Salaries: 380 square feet 570 square feet Allocation Basis Floor space Net sales Gross profit of clothing and hardware departments
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