Question: Prepare an income statement showing departmental contribution margin based on the following: Dept. X Dept. Y Rent Expense Space (square feet) 17,500 35,000 Net Sales

Prepare an income statement showing departmental contribution margin based on the following:

Dept. X Dept. Y Rent Expense

Space (square feet) 17,500 35,000

Net Sales $60,000 $40,000

Cost of Goods Sold 18,000 16,000

Rent Expense (allocated based on square feet) $2,700

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