Ch 22 Homework i Saved 3 5 points Diaz Company is a retail store with two operating departments, Clothes and Shoes. Information follows. For Year Ended December 31 Sales Cost of goods sold Direct expenses: Clothes $ 832,000 Shoes $ 448,000 440,000 291,200 124,000 85,000 11,000 10,200 16,500 13,000 eBook References Wages Supplies used Depreciation The company reports the following indirect expenses for the year. Indirect Expense Utilities Supervisor salaries Amount $ 7,000 30,000 Allocation Base Square feet of space occupied Number of employees in department Additional information about the two departments follows. Department Clothes Shoes Square Footage 27,600 18,400 Number of Employees 60 40 3 5 points 1. Allocate indirect expenses to the two operating departments. 2. Prepare departmental income statements. Complete this question by entering your answers in the tabs below. Required 1 Required 2 eBook Allocate indirect expenses to the two operating departments. References Allocation of $7,000 of utilities expense Department Clothes Shoes Total Square Footage Percent of Total Cost Allocated Allocation of $30,000 of supervisor salaries expense Clothes Shoes Total Employees Percent of Total Cost Allocated < Required 1 Required 2 > 5 3 points eBook References Required 1 Required 2 Prepare departmental income statements. DIAZ COMPANY Departmental Income Statements For Year Ended December 31 Expenses Total expenses Income Clothes Shoes < Required 1 Required 2 >