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Diaz Company is a retail store with two operating departments, Clothes and Shoes. Information follows. For Year Ended December 31 Clothes Shoes Sales $ 899,999
Diaz Company is a retail store with two operating departments, Clothes and Shoes. Information follows. For Year Ended December 31 Clothes Shoes Sales $ 899,999 $ 459,999 Cost of goods sold 497,999 291,999 Direct expenses: wages 125,999 88,999 Supplies used 29,999 19,999 Depreciation 28,999 17,999 The company reports the following indirect expenses for the year. Indirect Expense Amount Allocation Base Utilities $ 6,999 Square feet of space occupied Supervisor salaries 59,999 Number of employees in department Additional information about the two departments follows. Department Square Footage Number of Employees Clothes 28,999 75 Shoes 12, 999 59 Required: 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 Allocate indirect expenses to the two operating departments. Allocation of $6,000 of utilities expense Total Allocation of $50,000 of supervisor salaries expense Total Complete this qumtion by entering your answers in the tabs below. Required 1 Required 2 Prepare departmental income statements
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