Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Connect with a community of experts ready to help you find solutions to your questions quickly and accurately. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

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 :

Parrain

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)

 

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.