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Please check and add or correct whats missing. thankyou. Garcia Company has two operating departments {Phone and Earbuds) and one service department (Office). Its departmental
Please check and add or correct whats missing. thankyou.
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 Earbuds Combined Sales $ 1?0,000 $ 125,000 $ 295,000 Cost of goods sold 83,366 77,566 166,866 Gross profit 86,766 47,566 134,266 Expenses Sales salaries 22,566 8,466 36,966 Supplies used 556 556 1,166 DepreciationEquipment 2,466 366 2,766 Rent 7,636 3,846 16,876 Utilities 2,466 1,966 4,366 Share of office department expenses 12,666 5,566 17,566 Total expenses 45,886 26,496 57,376 Income $ 39,826 $ 27,616 $ 55,836 Required: Prepare a departmental contribution to overhead report. a Answer is not complete. 3 1700000 3125,0000 $ 235,0000 33,300 0 77,500 0 150,300 0 Sales Cost of goods sold Gross prot 86,700 47,500 134,200 Direct expenses 22,500 a 3,400 0 30,000 a 2,400 a 300 0 2,700 a Sales salaries Depreciationequipment Total direct expenses 24,900 8,700 33,600 Departmental contribution to overhead $ 51,800 $ 38,800 $ 100,600Step by Step Solution
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