2 50 points Vortex Company operates a retail store with two departments. Information about those departments follows Department Department B Sales $800,000 $450, eee Cost of goods sold 497,000 291,000 Direct expenses: Salaries 125,000 88,000 Insurance 20,000 10,000 Utilities 24,000 14, see Depreciation 21,000 12,000 Maintenance 7,000 5, een Book The company also incurred the following indirect costs. Print References Salaries Insurance Depreciation office expenses $36,000 6,000 15,000 50,000 Indirect costs are allocated as follows: salaries on the basis of sales; Insurance and depreciation on the basis of square footage and office expenses on the basis of number of employees. Additional information about the departments follows. Department Square footage Nunber of employees 28,000 75 12,000 50 Required: 1. Determine the departmental contribution to overhead and the departmental net income for department A and Department B. 2. Should Department B be eliminated? 2 Required: 1. Determine the departmental contribution to overhead and the departmental net income for department A and Department B. 2. Should Department B be eliminated? 50 points Complete this question by entering your answers in the tabs below. Required 1 Required 2 eBook Print Determine the departmental contribution to overhead and the departmental net income for department A and Department B. VORTEX COMPANY Departmental Contribution Statements Department A Department B References 0 0 Direct expenses Total direct expenses 0 0 Allocated indirect expansion Total indirect expenses Operating income foss) g 0 $ $ Required 2 >