24-9_22e - Total Advertising expense $28,000 $36,500...

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Exercise 24-9 Name: Section: Enter the appropriate amount in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. OUTDOOR ATHLETIC EQUIPMENT CO. Divisional Income Statements For the Year Ended June 30, 2008 Sales Cost of goods sold Gross profit Divisional selling expense Divisional administrative expense Income from operations before service department charges Less service department charges: Advertising expense Transportation expense Accounts receivable collection expense Warehouse expense Total Income from operations Supporting schedule: Service Department Charges
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Unformatted text preview: Total Advertising expense $28,000 $36,500 $64,500 Transportation rate per bill of lading $7.60 $7.60 Number of bills of lading x 6,000 x 7,250 Transportation expense $45,600 $55,100 $100,700 Accounts receivable collection rate $5.60 $5.60 Number of sales invoices x 4,500 x 5,875 Accounts receivable collection expense $25,200 $32,900 $58,100 Warehouse rate per square feet $3.20 $3.20 Number of square feet x 25,000 x 12,500 Warehouse expense $80,000 $40,000 $120,000 Winter Sports Division Summer Sports Division Winter Sports Division Summer Sports Division...
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24-9_22e - Total Advertising expense $28,000 $36,500...

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