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Diaz Company is a retail store with two operating departments, Clothes and Shoes. Information follows. The company reports the following indirect expenses for the year.
Diaz Company is a retail store with two operating departments, Clothes and Shoes. Information follows.
The company reports the following indirect expenses for the year.
Additional information about the two departments follows.
Required:
Allocate indirect expenses to the two operating departments.
Prepare departmental income statements.
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Allocate indirect expenses to the two operating departments.
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