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Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
Edition 4ISBN: 978-1111581565Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
Edition 4ISBN: 978-1111581565 Exercise 3
PROBLEM DATA
Ottawa Scuba Supply, Inc., has divided its operations into two departments: Supplies, devoted to selling scuba tanks and supplies; and Apparel, devoted to selling sports clothing and underwater apparel. Departmental expense accounts are kept for direct expenses, but indirect (common) expenses are not allocated until the end of the accounting period. Selected data at June 30, the end of the current fiscal year, are as follows:
The bases for allocating indirect expenses are as follows:
REQUIREMENT
What conclusions can be drawn from this departmental income statement
Ottawa Scuba Supply, Inc., has divided its operations into two departments: Supplies, devoted to selling scuba tanks and supplies; and Apparel, devoted to selling sports clothing and underwater apparel. Departmental expense accounts are kept for direct expenses, but indirect (common) expenses are not allocated until the end of the accounting period. Selected data at June 30, the end of the current fiscal year, are as follows:
The bases for allocating indirect expenses are as follows:
REQUIREMENT
What conclusions can be drawn from this departmental income statement
Explanation
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Below is a copy of the departmental inco...
Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
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