Question: vortex company operates a Vortex Company operates a retail store with two departments Information about those departments follows Sales Cost of goods sold Direct expenses
Vortex Company operates a retail store with two departments Information about those departments follows Sales Cost of goods sold Direct expenses $819,200 460,800 299,520 450,000 Salaries Insurance Utites Depreciation Maintenance 18,000 19,500 25,000 17,000 6,900 82,000 10,600 28,500 13,000 5,100 The company also inourred the following indirect costs. $26,000 6,400 15,400 48,000 Insurance Office expenses 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 34,300 14,700 70 30 1. Determine the departmental contribution to overhead and the departmental net income for department A and Department B. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Direct expenses Total direct expenses Allocated indirect expenses
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