Question
Chapter 9 question 16Williams company began operations in January 2019 with two operating (selling) departments and one service (office) department. It's departmental income statement follows
Chapter 9 question 16Williams company began operations in January 2019 with two operating (selling) departments and one service (office) department. It's departmental income statement follows Clock mirror combined Sales $195,000 $87,500 $282,500Cost of goods sold $95,550 $54,250 $149,800Gross profit $99,450 $33,250 $132,700Direct expenses Sales salaries $20,650Advertising $1,330 $825 $2115Store supplies used $1225 $725 $1950Depreciation equipment $1630 $625 $2255Total direct expenses $24,835 $9175 $34010Allocated expenses Rent expense $7020 $3780 $10800Utilities expense $6825 $3675 $10500Share of office department expenses $10500 $4500 $15000Total allocated expenses $24345 $11955 $36300Total expenses $49180 $21130 $70310Net income $50270 $12120 $62390
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