INCOME STATEMENT WITH DEPARTMENTAL OPERATING INCOME AND TOTAL OPERATING INCOME Carmella Campillo owns a business called Campillo's

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INCOME STATEMENT WITH DEPARTMENTAL OPERATING INCOME AND TOTAL OPERATING INCOME Carmella Campillo owns a business called Campillo's Bakery. She has divided her business into two departments: breads and pastries. The following information is provided for the fiscal year ended June 30, 20--:


Breads Pastries $98,000 58,800 Net sales Cost of goods sold Wages expense Advertising expense Other operating expenses $



REQUIRED
1. Prepare an income statement showing departmental operating income and total operating income.
2. Calculate departmental operating expense and operating incomepercentages.

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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