Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help with two part question please lunchurl=https%253A%252F%252Fne DO 3370 M M ducation.com 0257/activitoung mework 0 Seved He Problem 22-4A Departmental contribution to income LO P3
help with two part question please
lunchurl=https%253A%252F%252Fne DO 3370 M M ducation.com 0257/activitoung mework 0 Seved He Problem 22-4A Departmental contribution to income LO P3 Vortex Company operates a retail store with two departments. Information about those departments follows. Department A $812,800 415.000 Department B 5457,200 297,180 Sales Cost of goods sold Direct expenses: Salaries Insurance Utilities Depreciation Maintenance 116,000 19,5ee 23,500 15,5ee 6,580 87,000 10,500 27,000 13,500 5,300 The company also incurred the following indirect costs. vork Save Help SA The company also incurred the following indirect costs. Salaries Insurance Depreciation Office expenses $29, eee 7,600 15,400 42,000 Indirect costs are allocated as follows: salaries on the basis of sales Insurance and depreciation on the basis of square footage, and office expenses on the basis of number of employees. Additional information about the departments follows. Department Square footage Number of employees 32,200 A B 77 33 13,800 Required: 1. Determine the departmental contribution to overhead and the departmental net income for department A and Department B 2. Should Department B be eliminated? Roured! Required 2 14 ports Determine the departmental contbution to and the permanet come for department And Department (Do not found intermediate action. Round your answers to east we doc) VORTEX COMPANY Departmental Contin DMAD Book 0 Duet Herence Totalt expenses Allocated nect expen Totalt expono Opening income Required 2 > 3 ts Indirect costs are allocated as follows: Salaries on the basis of sales Insurance and depreciation on the basis of gewo office expenses on the basis of number of employees. Additional information about the departments follows Department Square footage Number of employees 32,200 77 B 13.30 33 eBook Required: 1. Determine the departmental contribution to overhead and the departmental net income for department and Department 2. Should Department 8 be eliminated? Print Complete this question by entering your answers in the tabs below. -eferences Required 1 Required 2 Should Department B be eliminated? Should Department B be eliminated? Med Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started