Question: Please answer In the given format with good presentation using commas and dollar sign in each figure Garcia Company has two operating departments (Phone and

Please answer In the given format with good presentation using commas and dollar sign in each figure

Please answer In the given format with good
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. GARCIA COMPANY Departmental Income Statements For Year Ended December 31 Phone Earbuds Combined Bales $ 230,000 $ 125, 000 $ 255,000 Cost of goods sold 112, 700 77, 500 190, 200 Gross profit 117,300 47, 500 164, 800 Expenses Sales salaries 21, 000 8, 700 29, 700 Supplies used 950 750 1, 700 Depreciation-Equipment 1, 900 500 2, 400 Rent 7, 090 3, 660 10, 750 Utilities 2, 600 2, 100 4, 700 Share of office department expenses 12, 500 4, 000 16, 500 Total expenses 46, 040 19, 710 65, 750 Income $ 71, 260 $ 27,790 $ 99,050 Required: Prepare a departmental contribution to overhead report. Garcia Company Departmental Contribution to Overhead For Year Ended December 31 Phone Earbuds Combined Direct expenses Total direct expenses Departmental contribution to overhead

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