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all of this is one questions and the answer choices are there too. Thats why multiple pics were taken 1. Instirance Expense: Dasis of tro

all of this is one questions and the answer choices are there too. Thats why multiple pics were taken
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1. Instirance Expense: Dasis of tro grons sales the kilt dopuitivart Required: Answire: Operating revenues Cash short or over Contribution margin Depreciation expense-Furniture and fixtures Depreciation expense-Office equipment Freiaht in Delivered cost of purchases Operating expenses Note: Roundyoul ealculationio illocation percent o the nearest whole percer Direct expenses Total direct expenses $ Indirect expenses WARMERSING. Income Statement Year Ended December 31,201 Department: Operating revenues Office salaries expense Other office expenses Purchases: Rent expense Sales \begin{tabular}{|l|l|} \hline Delivered cost of purchases \\ \hline Notal merchandise available for sale \\ \hline Cost of goods sold & $ \\ \hline Operating expenses & \\ \hline Nofe Round your calculation for ailocabon percent to the nearest whole percent (hwo \\ \hline Directexpenses \end{tabular} Nole Round your calculation for allocation percent to the nearest whole percent (wwa Direct expenses Total direct expenses Indirect expenses Income Stateme Year Ended December Operating revenues Sales returns and allowances Sales salaries expense Store supplies expense Uncollectible accounts expense Utilities expense Delivered cost of purchases Net delivered cost of purchases Total merchandise available for sale Cost of goods sold Operating expenses Note: Round youl calculation for alfocation percent to the nearest whole Direct expenses Operating revenues Delivered cost of purchases Net delivered cost of purchases Total merchandise available for sale Cost of goods sold Gross loss on sales Gross profit on sales Total direct expenses Indirect expenses 3. Office Salaries Expense, Other Office Expenses, and Depreciation Expense-Office Eq basis of the gross sales in each department. 4. Uncollectible Accounts Expense; on the basis of net sales in each department. 5. Depreciation Expense-Furniture and Fixtures: in proportion to cost of fumiture and fixtu department. These costs are as follows. Required: Prepare a departmental income statement for the year ended December 31,201. The bases fo indirect expenses are given above. Analyze: Which department reports the higher return on net sales? Complete this question by entering your answers in the tabs below. Which department reports the higher retum on net sales? 1. Instirance Expense: Dasis of tro grons sales the kilt dopuitivart Required: Answire: Operating revenues Cash short or over Contribution margin Depreciation expense-Furniture and fixtures Depreciation expense-Office equipment Freiaht in Delivered cost of purchases Operating expenses Note: Roundyoul ealculationio illocation percent o the nearest whole percer Direct expenses Total direct expenses $ Indirect expenses WARMERSING. Income Statement Year Ended December 31,201 Department: Operating revenues Office salaries expense Other office expenses Purchases: Rent expense Sales \begin{tabular}{|l|l|} \hline Delivered cost of purchases \\ \hline Notal merchandise available for sale \\ \hline Cost of goods sold & $ \\ \hline Operating expenses & \\ \hline Nofe Round your calculation for ailocabon percent to the nearest whole percent (hwo \\ \hline Directexpenses \end{tabular} Nole Round your calculation for allocation percent to the nearest whole percent (wwa Direct expenses Total direct expenses Indirect expenses Income Stateme Year Ended December Operating revenues Sales returns and allowances Sales salaries expense Store supplies expense Uncollectible accounts expense Utilities expense Delivered cost of purchases Net delivered cost of purchases Total merchandise available for sale Cost of goods sold Operating expenses Note: Round youl calculation for alfocation percent to the nearest whole Direct expenses Operating revenues Delivered cost of purchases Net delivered cost of purchases Total merchandise available for sale Cost of goods sold Gross loss on sales Gross profit on sales Total direct expenses Indirect expenses 3. Office Salaries Expense, Other Office Expenses, and Depreciation Expense-Office Eq basis of the gross sales in each department. 4. Uncollectible Accounts Expense; on the basis of net sales in each department. 5. Depreciation Expense-Furniture and Fixtures: in proportion to cost of fumiture and fixtu department. These costs are as follows. Required: Prepare a departmental income statement for the year ended December 31,201. The bases fo indirect expenses are given above. Analyze: Which department reports the higher return on net sales? Complete this question by entering your answers in the tabs below. Which department reports the higher retum on net sales

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