Ces Exercise 24-8 (Static) Departmental income statement and contribution to overhead LO P3 The Ski department...

Transcribed Image Text:

Ces Exercise 24-8 (Static) Departmental income statement and contribution to overhead LO P3 The Ski department reports sales of $605,000 and cost of goods sold of $425,000. Its expenses follow. Direct expenses Indirect expenses Salaries Depreciation $112,000 Rent 42,000 Service department expenses $ 14,000 office $ 20,000 Check my work 1. For the Ski department only, prepare a departmental income statement. 2. & 3. For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated? Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 For the Ski department only, prepare a departmental income statement. Departmental Income Statement For Year Ended December 31 Gross profit Expenses Ski Department < Prev 5 of 5 Next onnect Homework Saved Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 For the Ski department only, prepare a departmental income statement. Departmental Income Statement For Year Ended December 31 Gross profit Expenses Total expenses Income (loss) Ski Department Dray 5 of 5 # Next Help Save & Exit Check m onnect Homework Saved Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Help Save & Exit Subm For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated? Departmental Contribution to Overhead For Year Ended December 31 Gross profit Direct expenses Total direct expenses Departmental contribution to overhead Should the Ski department be eliminated? Ski Department < Prev 5 of 5 " Next > Check my work Ces Exercise 24-8 (Static) Departmental income statement and contribution to overhead LO P3 The Ski department reports sales of $605,000 and cost of goods sold of $425,000. Its expenses follow. Direct expenses Indirect expenses Salaries Depreciation $112,000 Rent 42,000 Service department expenses $ 14,000 office $ 20,000 Check my work 1. For the Ski department only, prepare a departmental income statement. 2. & 3. For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated? Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 For the Ski department only, prepare a departmental income statement. Departmental Income Statement For Year Ended December 31 Gross profit Expenses Ski Department < Prev 5 of 5 Next onnect Homework Saved Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 For the Ski department only, prepare a departmental income statement. Departmental Income Statement For Year Ended December 31 Gross profit Expenses Total expenses Income (loss) Ski Department Dray 5 of 5 # Next Help Save & Exit Check m onnect Homework Saved Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Help Save & Exit Subm For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated? Departmental Contribution to Overhead For Year Ended December 31 Gross profit Direct expenses Total direct expenses Departmental contribution to overhead Should the Ski department be eliminated? Ski Department < Prev 5 of 5 " Next > Check my work