Answered step by step
Verified Expert Solution
Link Copied!

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
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey Of Accounting

Authors: Carl S. Warren

2nd Edition

0324183445, 978-0324183443

More Books

Students also viewed these Accounting questions

Question

Perform the indicated operations 8x 3 14x + 3/2x + 3

Answered: 1 week ago

Question

What is the persons job (e.g., professor, student, clinician)?

Answered: 1 week ago

Question

Give details of the use of ICT in workforce planning

Answered: 1 week ago

Question

Explain the various meanings of and approaches to flexible working

Answered: 1 week ago