Garcia Company has two operating departments (Phone and Earbuds) and one service department (Office). Its departmental statements follow. Indirect expenses and service department expenses consist of rent, utilities, and office department expense Sales Cost of goods sold Gross profit Expenses Sales salaries Supplies used Depreciation-Equipment Rent Utilities GARCIA COMPANY Departmental Income Statements For Year Ended December 31 Share of office department expenses Total expenses Income Phone $ 200,000 Earbuds Combined $ 95,000 98,000 58,900 $ 295,000 156,900 102,000 36,100 138,100 20,000 8,700 28,700 1,150 450 1,600 2,100 300 2,400 7,060 3,840 10,900 2,700 1,800 4,500 10,500 4,500 43,510 19,590 63,100 $ 58,490 $ 16,510 $ 75,000 15,000

Williams Company began operations in January 2019 with two operating (selling) departments and one service (office) department. Its departmental income statements follow. WILLIAMS COMPANYDepartmental Income StatementsFor Year Ended December 31, 2019   Clock Mirror Combined Sales $ 175,000   $ 77,500   $ 252,500   Cost of goods sold   85,750     48,050     133,800   Gross profit   89,250     29,450     118,700   Direct expenses                   Sales salaries   20,450     7,000     27,450   Advertising   1,290     725     2,015   Store supplies used   1,125     625     1,750   Depreciation—Equipment   1,590     525     2,115   Total direct expenses   24,455     8,875     33,330   Allocated expenses                   Rent expense   7,020     3,780     10,800   Utilities expense   5,525     2,975     8,500   Share of office department expenses   10,500     4,500     15,000   Total allocated expenses   23,045     11,255     34,300   Total expenses…

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Williams Company began operations in January 2019 with two operating (selling) departments and one service (office) department. Its departmental income statements follow.  WILLIAMS COMPANYDepartmental Income StatementsFor Year Ended December 31, 2019   Clock Mirror Combined Sales $ 135,000   $ 57,500   $ 192,500   Cost of goods sold   66,150     35,650     101,800   Gross profit   68,850     21,850     90,700   Direct expenses                   Sales salaries   20,050     7,000     27,050   Advertising   1,210     525     1,735   Store supplies used   925     425     1,350   Depreciation—Equipment   1,510     325     1,835   Total direct expenses   23,695     8,275     31,970   Allocated expenses                   Rent expense   7,020     3,780     10,800   Utilities expense   2,925     1,575     4,500   Share of office department expenses   10,500     4,500     15,000   Total allocated expenses   20,445     9,855     30,300   Total expenses…

The comparative statements of Bonita Company are presented here. Net sales Bonita Company Income Statements For the Years Ended December 31 Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income 2022 $1,811,500 1,008,900 802,600 518,600 284,000 17,800 266,200 80,152 $ 186,048 2021 $1,752,200 982,000 770,200 472,800 297,400 13,800 283,600 76,400 $207,200

Williams Company began operations in January 2019 with two operating (selling) departments and one service (office) department. Its departmental income statements follow.  WILLIAMS COMPANYDepartmental Income StatementsFor Year Ended December 31, 2019   Clock Mirror Combined Sales $ 170,000   $ 95,000   $ 265,000   Cost of goods sold   83,300     58,900     142,200   Gross profit   86,700     36,100     122,800   Direct expenses                   Sales salaries   22,000     7,000     29,000   Advertising   1,700     500     2,200   Store supplies used   1,000     300     1,300   Depreciation—Equipment   1,700     400     2,100   Total direct expenses   26,400     8,200     34,600   Allocated expenses                   Rent expense   7,030     3,780     10,810   Utilities expense   2,800     2,500     5,300   Share of office department expenses   11,000     10,500     21,500   Total allocated expenses   20,830     16,780     37,610   Total expenses…

Williams Company began operations in January 2019 with two operating (selling) departments and one service (office) department. Its departmental income statements follow.  WILLIAMS COMPANYDepartmental Income StatementsFor Year Ended December 31, 2019    Clock Mirror Combined Sales $160,000 $70,000 $230,000             Cost of goods sold $78,400 $43,400 $121,800             Gross profit 81,600 26,600 108,200             Direct expenses                   Sales salaries 20,300 7,000 27,300             Advertising 1,260 650 1,910             Store supplies used 1,050 550 1,600             Depreciation—Equipment 1,560 450 2,010             Total direct expenses 24,170 8,650 32,820             Allocated expenses                   Rent expense 7,020 3,780 10,800             Utilities expense 2,600 1,400 7,000             Share of office department expenses 10,500 4,500 15,000             Total allocated expenses 20,120 9,680 32,800             Total…

Service department charges In divisional income statements prepared for Demopolis Company, the Payroll Department costs are charged back to user divisions on the basis of the number of payroll distributions, and the Purchasing Department costs are charged back on the basis of the number of purchase requisitions. The Payroll Department had expenses of 64,560, and the Purchasing Department had expenses of 40,000 for the year. The following annual data for Residential, Commercial, and Government Contract divisions were obtained from corporate records: A. Determine the total amount of payroll checks and purchase requisitions processed per year by the company and each division. B. Using the cost driver information in (A), determine the annual amount of payroll and purchasing costs allocated to the Residential, Commercial, and Government Contract divisions from payroll and purchasing services. C. Why does the Residential Division have a larger support department allocation than the other two divisions, even though its sales are lower?

The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8: Prepare divisional income statements for Ruiz Industries Inc.

MULTIPLE-STEP INCOME STATEMENT Use the following information to prepare a multiple-step income statement, including the revenue section and the cost of goods sold section, for Sauter Office Supplies for the year ended December 31,20--.