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Sales $ 610,000 Cost of goods sold 430,000 Salaries 111,000 ($25,200 is indirect) Utilities 17,000 ($6,000 is indirect) Depreciation 48,800 ($17,200 is indirect) Office expenses 26,200 (all indirect) 1. Prepare a departmental income statement for 2019. 2.

Sagot :

Parrainidn

Answer:

Sales                                                                                          $610,000

Less: Cost of Goods sold                                                        ($430,000)

Gross Profit                                                                               $180,000

Less:

 Salaries                                                 $111,000

 Utilities                                                  $17,000

 Depreciation                                         $48,800

 Office expenses                                   $26,200                 ($203,000)

Operating loss                                                                        ($23,000)

 

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