Question: The final expense is purchasing cost which is allocated based on purchase orders. Total Purchasing Cost: $89,600 Purchase Orders in Consumer: 1,960 Purchase Orders in
The final expense is purchasing cost which is allocated based on purchase orders. Total Purchasing Cost: $89,600 Purchase Orders in Consumer: 1,960 Purchase Orders in Commercial 3,640 Total Purchasing Cost Total# of Purchase Orders Rate per Purchase Order Expense to Consumer Expense to Commercial Total Expense (should match line 1) Prepare an income statement for both divisions Consumer Commercial Revenues Cost of Goods Sold Operating Expenses Tech Support Purchasing Income From Operations From the financial accounting department, the company knows that the total income from operations should be $2,749,400 The final expense is purchasing cost which is allocated based on purchase orders. Total Purchasing Cost: $89,600 Purchase Orders in Consumer: 1,960 Purchase Orders in Commercial 3,640 Total Purchasing Cost Total# of Purchase Orders Rate per Purchase Order Expense to Consumer Expense to Commercial Total Expense (should match line 1) Prepare an income statement for both divisions Consumer Commercial Revenues Cost of Goods Sold Operating Expenses Tech Support Purchasing Income From Operations From the financial accounting department, the company knows that the total income from operations should be $2,749,400
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
