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21 Garcia Company has two operating departments (Phone and Earbuds) and one service department (Office). Its departmental income statements follow. Indirect expenses and service
21 Garcia Company has two operating departments (Phone and Earbuds) and one service department (Office). Its departmental income statements follow. Indirect expenses and service department expenses consist of rent, utilities, and office department expenses. GARCIA COMPANY Departmental Income Statements. For Year Ended December 31 02:26:47 Sales Cost of goods sold Gross profit Expenses Sales salaries Supplies used Depreciation-Equipment Rent Utilities Share of office department expenses Total expenses Income Required: Phone $160,000 78,400 Earbuds $ 115,000 71,300 Combined $275,000 149,700 81,600 43,700 125,300 20,500 7,400 27,900 600 600 1,200 1,400. 300 1,700) 7,110 3,900 11,010 2,600 2,100 4,700 12,500 10,000 22,500 44,710 24,300 69,010 536,890 $ 19,400 $56,290 Prepare a departmental contribution to overhead report. Garcia Company Departmental Contribution to Overhead For Year Ended December 31 Direct expenses Phone Earbuds Combined
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