Can you please solve the whole problem for this question please & thank you...!
81.7%, 36.83 of 42 pts P9-43 (similar to) e Question Help Dean McCrary Volkswagen had the following data for the year's operations EE (Click the icon to view the data ) yo The president of the dealership has long regarded the markup on material and labor for the parts and service activity as the amount that is supposed to cover all parts and service overhead plus some general overhead of the dealership. In other words, the parts and service department is viewed as a cost-recovery operation, while the sales of vehicles is viewed as the income-producing activity Read the requlrements Requirement 1. Prepare a departmentalized operating statement that harmonizes with the views of the president (Enter a "0 for any zero-balances) ed Parts and cor Service Vehicles 400000 3200000 Sales 2080000 Cost of sales nis Parts and service materials 80000 80000 Parts and service labor 160000 Sales commissions 160000 2240000 1 Subtotal of costs bd 80000 960000 Markup on variable material and labor (bd 32000 Parts and service overhead 140000 b Advertising 35 92000 Sales salaries 41 sir General dealership overhead 48000 220000 83 Net income Roughly equivalent to contribution margin ct 2 Enter any number in the edit fields and then click Check Answer Check Answer parts remaining Clear All s with the views of the president. (Enter a "O" for any zero-balances.) - X Data Table Sales of vehicles 3,200,000 Sales of parts and service 400,000 Cost of vehicle sales 2,080,000 Parts and service materials 80,000 Parts and service labor 80,000 Parts and service overhead 32,000 268,000 General dealership overhead 140,000 Advertising of vehicles Sales commissions, vehicles 160,000 92,000 Sales salaries, vehicles Print Done HA Requirements X 1. Prepare a departmentalized operating statenent that harmonizes with the views of the president 2. Prepare operations. Assume that $28,000 and $179,000 of the $268,000 general overhead can be allocated with confidence to the parts and service department and to sales of vehicles respectively. The remaining $61,000 cannot be allocated except in some highly arbitrary manner 3. Comment on the relative merits of numbers 1 and 2 a an alternative operating statement that would reflect a different view of the dealership d ea Done Print ormo 22 (21 complete) HW Score: 87 7 %, 36.83 of 42 pts P9-43 (similar to) ne EQuestion Help Dean McCrary Volkswagen had the following data for the year's operations: (Click the icon to view the data.) yo The president of the dealership has long regarded the markup on material and labor for the parts and service activity as the amount that is supposed to cover all parts and service overhead plus some general overhead of the dealership. In other words, the parts and service department is viewed as a cost-recovery operation, while the sales of vehicles is viewed as the income-producing activity Read the requirements Requirement 1. Prepare a departmentalized operating statement that harmonizes with the views of the president (Enter a 0 for any zero-balances) Parts and Service Vehicles 400000 3200000 Sales Cost of sales 2080000 Parts and service materials 80000 80000 Parts and service labor 160000 Sales commissions 160000 -11 (6 2240000 Subtotal of costs 17 (t 80000 960000 Markup on variable material and labor 32000 20 ( Parts and service overhead 33 (si Advertising 140000 92000 Sales salaries 40008 Cann
