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The Ski department reports sales of $620,000 and cost of goods sold of $420,000. Its expenses follow. Direct expenses Salaries $ 111,000 Depreciation 46,200 Indirect
The Ski department reports sales of $620,000 and cost of goods sold of $420,000. Its expenses follow. Direct expenses Salaries $ 111,000 Depreciation 46,200 Indirect expenses Service department expenses Rent $ 16,900 Office $ 20,800 1. For the Ski department only, prepare a departmental income statement. 2. & 3. For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated? Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 For the Ski department only, prepare a departmental income statement. Departmental Income Statement For Year Ended December 31 Ski Department 0 Expenses Total expenses 0 $ 0 Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated? Departmental Contribution to Overhead For Year Ended December 31 Ski Department 0 0 Total direct expenses Departmental contribution to overhead Should the Ski department be eliminated? $ 0
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