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Question 1 2 pts Jobe Co. operates three separate departments (A, B, C). The data below are provided for the current year: Total Sales
Question 1 2 pts Jobe Co. operates three separate departments (A, B, C). The data below are provided for the current year: Total Sales department) $120,000 ($40,000 from each Cost of Goods Sold 80,000 (50% from dept A: 25% from B; 25% from C) Direct Expenses 26,000 ($6,000 from dept A; $12,000 from dept B: $8,000 from dept C Indirect Expenses 9,000 Required: Prepare an income statement showing the departmental contributions to overhead for Dept. A, Dept. B. Dept. C and Total. Do not allocate indirect expenses but include them in the Total Column. Check figure: Dept. B contribution to overhead $8,000.
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