Calculate the contribution margin for each department and income before taxes, based on the following (Click the icon to view the data) Complete the following income statement to calculate the contribution margin and income before taxes Dept. A Dept. B Total Net Sales Cost of Goods Sold Gross Proft on Sales Direct Departmental Expenses Sales Salaries Advertising Expense Total Direct Departmental Expenses Contribution Margin Indirect Departmental Expenses Rent Expense Total indirect Expernes Income Before Ta Data table Dept. A 1.800 square feet 6.200 1,000 $1,100 (40% directly related to Dept A and 60% related to Deel 6) $550 for both departments combined Rent Expense Advertising Expense $1.000 (5800 directly related to Dept. A and $500 related to Dept. 0) Net Sales Cost of Goods Sold Sales Salaries 1 Dept. B 3,000 square feet 11,900 5,700 X

Calculate the contribution margin for each department and income before taxes, based on the following (Click the icon to view the data) Complete the following income statement to calculate the contribution margin and income before taxes Dept. A Dept. B Total Net Sales Cost of Goods Sold Gross Proft on Sales Direct Departmental Expenses Sales Salaries Advertising Expense Total Direct Departmental Expenses Contribution Margin Indirect Departmental Expenses Rent Expense Total indirect Expernes Income Before Ta Data table Dept. A 1.800 square feet 6.200 1,000 $1,100 (40% directly related to Dept A and 60% related to Deel 6) $550 for both departments combined Rent Expense Advertising Expense $1.000 (5800 directly related to Dept. A and $500 related to Dept. 0) Net Sales Cost of Goods Sold Sales Salaries 1 Dept. B 3,000 square feet 11,900 5,700 X

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 3E

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