Assignment Resulitsx tpx?todo-postSubmissionView 11, Award O out of 100 point Be

Question

Assignment Resulitsx tpx?todo-postSubmissionView 11, Award O out of 100 point Below are departmental income statements for a guitar manufachurer The manufacturer is considering dropping its electric guitar department since i has a net loss. The company classifies advertising, rent, and utiities expenses as indirect Income Statements For Year Ended December 31, 2015 Sales Cost of goods sold 101,700 $ 84,600 45,375 47,550 56,325 37,050 Gross profit Operating expenses 5,0054.330 8,540 19,400 17,300 1,760 6,040 2.620 Advertising expense 10,110 Salaries expense Supplies expense Rent expense Utilities expense 2,020 7,085 2945 Total operating expenses 46,565 40,590 Net income (loss) 9,760 (3,540) 1. Prepare a departmental contribution report that shows each department's contribution to overhead WHOLESALE GUITARS ncome Statement Showing Departmental Contribution to Overhead For Year Ended December 31, 2015

Explanation / Answer

Departmental Contribution Statement Acoustic Electirc Combined dept Dept Sales 101,700 84600 186,300 cost of goods sold 45,375 47,550 92,925 gross profit 56,325 37,050 93,375 Direct expense Depreciation expense-equipment 10,110 8,540 18,650 Salaries expense 19,400 17,300 36,700 supplies expense 2,020 1,760 3,780 total direct expense 31,530 27,600 59,130 Departmental contributions to overhead 24,795 9,450 34,245 indirect expenses advertising expense 9335 rent expense 13125 utilities expense 5565 total indirect expense 28025 net income 6,220

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