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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 expenses
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. Food Beverage Sales $ 124, 406 $ 84,400 Cost of goods sold 73, 100 45, 100 Gross profit 51, 300 39,300 Expenses Salaries 14, 500 8, 250 Rent 3, 300 1, 700 Utilities 2, 200 1, 100 Share of office expenses 5, 350 6, 200 Share of purchasing expenses 4, 850 6,750 Complete this question by entering your answers in the tabs below. Required A Required B Prepare departmental income statements. Departmental Income Statements Food Beverage Expenses Total expenses Income 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. Food Beverage Sales at 124,4ee :5 84,466 Cost of goods sold 73,166 45,166 Gross profit 51,369 39,366 Expenses Salaries 14,599 8,256 Rent 3,393 13% Utilities 2,299 1,199 Share of office expenses 5,356 6,266 Share of purchasing expenses 4,356 6,?56 Complete this question by entering your answers in the tabs below. Required A Required B Prepare the departmental contribution to overhead. Direct expenses Total direct expenses Departmental contribution to overhead
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