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i need help please TWINS Chpt 22 0 Sot Help 8 Problem 22-3A (Algo) Departmental income statements LO P3 8 points eBook References Garcia Company
i need help please
TWINS Chpt 22 0 Sot Help 8 Problem 22-3A (Algo) Departmental income statements LO P3 8 points eBook References Garcia Company has two operating departments (Phone and Earbuds) and one service department Office). Its departmental income statements follow. Indirect expenses and service department expenses consist of rent utilities, and office department expenses GARCIA COMPANY Departmental Income Statements For Year Ended December 31 Phone Barbuda Sales $ 140,000 Combined $ 115,000 $ 255,000 Cost of goods sold 68,600 72,300 139,900 Gross profit 71,400 43,700 115.100 Expenses Sales salaries 20, 500 7.700 28.200 Supplies uued 350 300 1,350 Depreciation-Equipment 1.900 300 2,200 Rent 7.100 3,660 10,760 Utilities 2,400 2,000 4,400 Share of office department expenses 12.500 8.000 20.500 Total expenses 45,250 21,960 67.210 $ 26,150 $ 21,740 $ 47,690 Income Required: onartmental contribution to overhead report 31.100 B points V200 wepreciation Equipment 850 Rent 1,900 Utilities 7.100 Share of ottice department expenses 2,400 Total expenses 32.500 45,250 Income $26.150 Required: Prepare a departmental contribution to overhead report 7.700 300 100 3.660 2.000 8,900 2,200 10,760 4.400 20.00 110 $21.740 References Garcia Company Departmental Contribution to Overhead For Year Ended December 31 Phone Earbuda Combined 0 O Direct expenses 0 Total direct expenses Departmental contribution to overhead 0 0 $ 0 0 $ $ 0 Step by Step Solution
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