FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Req 1 Req 2 and 3 Prepare a departmental income statement for 2019. JANSEN COMPANY Departmental Income Statement-Ski Department For Year Ended December 31, 2019 Ski Dept Sales 24 610,000 Cost of goods sold 445,000 Gross profit 165,000 Operating expenses Salaries 112,000 Utilities 17,800 Depreciation 50,000 Office expenses 28,400 Operating loss (43,200) < Req 1 Req 2 and 3 > %24
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Transcribed Image Text:Req 1 Req 2 and 3 Prepare a departmental income statement for 2019. JANSEN COMPANY Departmental Income Statement-Ski Department For Year Ended December 31, 2019 Ski Dept Sales 24 610,000 Cost of goods sold 445,000 Gross profit 165,000 Operating expenses Salaries 112,000 Utilities 17,800 Depreciation 50,000 Office expenses 28,400 Operating loss (43,200) < Req 1 Req 2 and 3 > %24
Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sales $610,000 445,000 112,000 ($25,000 is indirect) 17,800 ($5,800 is indirect) 50,000 ($17 ,300 is indirect) 28,400 (all indirect) Cost of goods sold Salaries Utilities Depreciation Office expenses 1. Prepare a departmental income statement for 2019. 2. & 3. Prepare a departmental contribution to overhead report for 2019. Based on these two performance reports, should Jansen eliminate the ski department? Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Prepare a departmental income statement for 2019. JANSEN COMPANY Departmental Income Statement-Ski Department For Year Ended December 31, 2019 Ski Dept Sales 610,000 Prost of anods sold A45.000l
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Transcribed Image Text:Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sales $610,000 445,000 112,000 ($25,000 is indirect) 17,800 ($5,800 is indirect) 50,000 ($17 ,300 is indirect) 28,400 (all indirect) Cost of goods sold Salaries Utilities Depreciation Office expenses 1. Prepare a departmental income statement for 2019. 2. & 3. Prepare a departmental contribution to overhead report for 2019. Based on these two performance reports, should Jansen eliminate the ski department? Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Prepare a departmental income statement for 2019. JANSEN COMPANY Departmental Income Statement-Ski Department For Year Ended December 31, 2019 Ski Dept Sales 610,000 Prost of anods sold A45.000l
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