Prepare an income statement showing the departmental


Vaughn Co. operates three separate departments (A, B, C). The data below is provided for the current year:

  • Total Sales $120,000 ($40,000 from each department)
  • Cost of Goods Sold $ 80,000 ( 50% from A; 25% from B; 25% from C)
  • Direct Expense 26,000 ($6,000 from A; $12,000 from B; $8,000 from C)
  • Indirect Expenses 9,000

Prepare an income statement showing the departmental contributions to overhead for the current year.

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Accounting Basics: Prepare an income statement showing the departmental
Reference No:- TGS0713500

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