Garcia Company has two operating departments (Phone and Earbuds) and one service department (Office). Its departmental income
Question:
Garcia Company has two operating departments (Phone and Earbuds) and one service department (Office). Its departmental income statements follow. Indirect expenses and service department expenses consist of rent, utilities, and office department expenses.
Required
Prepare a departmental contribution to overhead report (see Exhibit 24.12).
Exhibit 24.12
Transcribed Image Text:
Departmental Income Statements For Year Ended December 31 Phone Earbuds Combined Sales . $130,000 $55,000 $185,000 Cost of goods sold . Gross profit .. 63,700 34,100 97,800 66,300 20,900 87,200 Expenses Sales salaries ... 21,200 7,500 28,700 Supplies used... 900 400 1,300 Depreciation-Equipment . 1,500 300 1,800 Rent 7,020 3,780 10,800 Utilities 2,600 1,400 4,000 Share of office department expenses..... 10,500 4,500 15,000 Total expenses . 43,720 17,880 61,600 Income.... $ 22,580 $ 3,020 $ 25,600
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Phone Department Earbuds Department Combined Sales 130000 55000 185000 Cost of good...View the full answer
Answered By
Chandrasekhar Karri
I have tutored students in accounting at the high school and college levels. I have developed strong teaching methods, which allow me to effectively explain complex accounting concepts to students. Additionally, I am committed to helping students reach their academic goals and providing them with the necessary tools to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Great Eastern Credit Union (GECU) has two operating departments (Branches and Electronic) and three service departments (Processing, Administration, and Maintenance). During July, the following costs...
-
How is a departments contribution to overhead measured?
-
Sharp Motor Company has two operating divisionsan Auto Division and a Truck Division. The company has a cafeteria that serves the employees of both divisions. The costs of operating the cafeteria are...
-
Calculate investment balance four years after acquisition Ray Corporation owns a 40 percent interest in the outstanding common stock of Ton Corporation, having acquired its interest for $2,400,000 on...
-
A diffuser receives an ideal gas flow at 100 kPa, 300 K with a velocity of 250 m/s and the exit velocity is 25 m/s. Determine the exit temperature if the gas is argon, helium or nitrogen.
-
Please list the steps you believe should contribute positively to success in a merger transaction in the financial-services sector. What management decisions and goals should be pursued? On average,...
-
Let a random sample of 5 observations from a normal (, 2 ) distribution (where it is known that the mean = 25) be (a) What is the equation for the shape of the likelihood function of the variance ...
-
Media Bias Inc. issued bonds 10 years ago at $1,000 per bond. These bonds had a 40-year life when issued and the annual interest payment was then 12 percent. This return was in line with the required...
-
4 16. The mean and variance of a binomial distribution area and respectively. If P(X = 1) = then P(X = 4 or 5) is equal to: 243 (a) 1/159 64 (b) $ 16 (c) 81 925 145 (d) 27 243 17. Let E1, E2, E3 be...
-
The management of the just Like Home restaurant has asked you to analyze some of its processes. One of these processes is making a single-scoop ice cream cone. Cones can be ordered by a server (for...
-
Current year information for Samsung and Google follows. Required 1. Compute the cash conversion cycle for both Samsung and Google for the current year. 2. Which company, Samsung or Google, was more...
-
A partial responsibility accounting report for a cost center follows. Complete the report by determining the missing items a, b, and c. Controllable Costs Budgeted Actual Over (Under) Budget Direct...
-
Concern the (real) Schur factorization of an n x n matrix A in the form A = URU T , where U is an orthogonal matrix and R is an n x n upper triangular matrix. 1 a. Let A be an n x n diagonalizable...
-
How might a dominant culture misconstrue nonverbal cues of a minority culture? Give at least three examples. 2. How would the authors' suggestions for developing nonverbal competencies in a diverse...
-
Activity 4 The following budget was created at the beginning of the 2018/19 financial year. In November of 2018 you were informed that in January/February/March of 2019 there will be major road works...
-
How do authors imbue objects, actions, and motifs with symbolic significance to convey deeper layers of meaning and thematic resonance within their narratives ?
-
In what ways do poets utilize symbolic imagery to transcend literal representation and evoke profound emotional and philosophical insights ?
-
9. Read the following algorithm and answer the following questions. int function(int n) if (n == 1) return 1 return n + function (n - 1) a. What is the algorithm's purpose? In other words, what would...
-
What is the dimension of the span of the set {cos2 , sin2 , cos 2, sin 2}? This span is a subspace of the space of all real-valued functions of one real variable.
-
In Exercises 105108, evaluate each expression without using a calculator. log(ln e)
-
Traverse County needs a new county government building that would cost $ 10 million. The politicians feel that voters will not approve a municipal bond issue to fund the building since it would...
-
Kyle Smitley is the founder of barley & birch. Assume that her company currently has $250,000 in equity, and she is considering a $100,000 expansion to meet increased demand. The $100,000 expansion...
-
Piaggio (www.piaggio.com), Polaris, and Arctic Cat are competitors in the global market-place. Selected results from these companies follow. Required 1. Compute Piaggios debt- to- equity ratios for...
-
How does the concept of servant leadership intersect with transformational leadership principles, and what synergies exist between these approaches in driving organizational excellence and societal...
-
The article reviews several small-scale studies regarding the effects of promoting patient access to medical records. The authors of the article conclude that allowing patient access and request for...
-
What is meant by externalities and public goods? How does a market economy address externalities and public goods? What role, if any, should government have in addressing externalities and public...
Study smarter with the SolutionInn App