Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. why is this wrong? the ski department reports sal

Why is this wrong? The Ski department reports sales of $600,000 and cost of...

50.1K

Verified Solution

Question

Accounting

Why is this wrong?imageimage

The Ski department reports sales of $600,000 and cost of goods sold of $415,000. Its expenses follow. Direct expenses Salaries $ 113,000 Depreciation 54,800 Indirect expenses Rent $ 15, 200 Service department expenses Office $ 28, 600 1. For the Ski department only, prepare a departmental income statement. 2. & 3. For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated? For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated? Departmental Contribution to Overhead Ski For Year Ended December 31 Department Sales $ 600,000 Office expenses Gross loss 600,000 Direct expenses Cost of goods sold x 415,000 Salaries 113,000 Depreciation 54,800 Total direct expenses 582,800 Departmental contribution to overhead $ 17,200 Should the Ski department be eliminated? Yes

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

what are the aspects that you will consider to evaluate the pressure measuring devices

Mechanical Engineering
Q

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility...

Accounting
Q

The following is an actual headline that was recently reported in the media about the New...

Accounting
Q

Use the figure below to find only one angle that fits each description 7 m212...

Geometry
Q

o q is false and r is false find the A a Vr 50 alue...

Basic Math
Q

The College Board reports that in 2013 the mathematics SAT scores were normally distributed with...

Statistics
Q

Assume that the following histograms are drawn on the same scale III II O Histogram...

Statistics
Q

"Calculation is based on a 36s-day year

Accounting
Q

9. If 8,000 units are produced, what is the total amount of fixed manufacturing cost...

Accounting
Q

Corporations, Partnerships, Estates & Trusts Problems pages 19-35 Please complete each problem on a separate...

Accounting
Q

Handheld fiber optlc meters with white light polerization interferametry are useful for measuring temperature, pressure,...

Accounting
Q

Exercise 24-10(Algo) Net present value, unequal cash flows, and profitability index LO P3 ...

Accounting