Matthew_McCoy_Problem 21-3A

Matthew_McCoy_Problem 21-3A - Rent expense 5,632 2,835...

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Matthew McCoy Problem 21-3A WARTON COMPANY Departmental Income Statement For Year Ended December 31, 2010 Clock Mirror Painting Sales 183,600 102,600 50,000 Cost of goods sold 89,964 63,612 27,500 Gross profit 93,636 38,988 22,500 Direct expenses Sales salaries 21,000 7,100 8,500 Advertising 2,100 700 1,100 Store supplies used 594 378 400 Depreciation-Equipment 2,300 900 1,000 Total direct expenses 25,994 9,078 11,000 Allocated expenses
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Unformatted text preview: Rent expense 5,632 2,835 2,353 Utilities expense 2,240 1,200 960 Share of office department expenses 14,580 7,020 6,400 Total allocated expenses 22,452 11,055 9,713 Total expenses 48,446 20,133 20,713 Net income 45,190 18,855 1,787 Combined 336,200 181,076 155,124 36,600 3,900 1,372 4,200 46,072 10,820 4,400 28,000 43,220 89,292 65,832...
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This note was uploaded on 09/24/2011 for the course ACCT 212 taught by Professor Sheik during the Spring '11 term at Mountain State.

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Matthew_McCoy_Problem 21-3A - Rent expense 5,632 2,835...

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