Given the following information about the clothing and hardware departments of Farley Company, prepare a departmental expense
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Given the following information about the clothing and hardware departments of Farley Company, prepare a departmental expense allocation sheet showing expenses bydepartment.
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Account Indirect Expenses Direct Expenses Clothing Hardware 1. Rent Expense 2. Insurance Expense 3. Depreciation Expense 4. Advertising Expense 5. Supplies Expense 6. Salaries Expense $13,000 6,000 S1,500 350 $2,500 600 2,500 3,500 6,500 Additional Facts Clothing Hardware Net Sales Cost of Goods Sold Floor space 64,000 52,000 $16,000 16,000 250 square feet 750 square feet Allocation Basis Floor space Net sales Gross profit of clothing and hardware departments Rent and Insurance: Advertising and Supplies: Salaries:
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