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Use the information below to prepare (a) departmental income statements and (b) the departmental contribution to overhead. Salaries are direct expenses, and all other
Use the information below to prepare (a) departmental income statements and (b) the departmental contribution to overhead. Salaries are direct expenses, and all other expenses are indirect expenses. Sales Cost of goods sold Gross profit Expenses Salaries Rent Utilities Share of office expenses Share of purchasing expenses Food $ 121,600 72,400 Beverage $ 81,600 44,400 49,200 37,200 14,500 8,250 3,300 1,700 2,200 1,100. 4,650 5,500 4,150 6,050 Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required A Required B Prepare departmental income statements. Departmental Income Statements Gross profit Expenses Total expenses Income Food Beverage Required A Required B > Required A Required B Prepare the departmental contribution to overhead. Departmental Contribution to Overhead Gross profit Direct expenses Total direct expenses Departmental contribution to overhead Food Beverage < Required A Required B >
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