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i need numbers 3 and 7 3 10 points Garcia Company has two operating departments (Phone and Earbuds) and one service department (Office). Its departmental
i need numbers 3 and 7
3 10 points 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 Tor Year Ended December 31 Sales Phone Earbuds Combined $ 130,000 $ 55,000 $185.000 Cost of goods sold 63,700 Cross profit 34.100 92,800 66,300 Expenses 20,900 87.200 Sales salaries 21,200 7.500 Supplies used 28,700 900 400 Depreciation Equipment 1,300 1.500 300 1.800 Rent 7.020 3,780 10.800 Utilities 2.600 1,400 4.000 share of office department expenses 10,500 4,500 15,000 Total expenses 43,720 12800 61, 600 Income $ 22,500 3,020 $ 25,600 Garcia Company Departmental Contribution to Overhead For Year Ended December 31 Phone Earbuds Combined Sales Gross profit Direct expenses 0 0 0 Show All Items Total direct expenses 0 0 0 Departmental contribution to overhead $ 0 $ 0 $ 0 A retailer pays $150,000 rent each year for its two-story building Space in this building is occupled by five departments as shown 7 here. Department Jewelry Cosmetics square feet occupied 1,260 (int-floor) 2,940 (first-floor) 5 points Department square feet occupied Housewares 1,722 second-floor) Tools 756(econd floor) Shoes 1.722 second floor) The company allocates $112.500 of total rent expense to the first floor and $37,500 to, the second floor It then allocates rent expense for each floor to the departments on that floor based on square feet occupled Determine the rent expense to be allocated to each department. Allocate these portions of total rent expense across the departments occupying each floor. First Floor Square Feet Percent of Total Cost Allocated Jewelry Department 1.200 Cosmetics Department 2.940 Totals 4.200 0 % $ Second Floor Square Feet Percent of Total Cost Allocated Housewares Department % Tools Department Shoes Department * Totals 0 O 5 0 Step by Step Solution
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