Business, 18.01.2021 21:00 hannahmyung1113

Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sales $ 605,000 Cost of goods sold 425,000 Salaries 112,000 ($15,000 is indirect) Utilities 14,000 ($3,000 is indirect) Depreciation 42,000 ($10,000 is indirect) Office expenses 20,000 (all indirect) 1. Prepare a departmental income statement for 2019. 2.

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Answer from: okayjimz2003ov47ik

Part 1

JANSEN COMPANY

Departmental Income Statement—Ski Department

Sales $605,000

Cost of Sales ($425,000)

Gross Profit $180,000

Direct Expenses

Salaries ($97,000)

Utilities ($11,000)

Depreciation ($32,000)

Other Expenses ($38,000)

Operating profit $2,000

Part 2

JANSEN COMPANY

Departmental Contribution to Overhead—Ski Department

Sales $605,000

Cost of Sales ($425,000)

Gross Profit $180,000

Direct Expenses ($140,000)

Contribution $40,000

Less Overheads

Salaries ($15,000)

Utilities ($3,000)

Depreciation ($10,000)

Office Expenses (20,000)

Total Overheads $48,000

Contribution to overhead $40,000 : $48,000

Part 3

No. Jansen should not eliminate the ski department because it is making a profit on it on (Contributing towards the company costs)

Explanation:

Hie, I have attached the full question as pdf below

If the department is making a loss on its own, it must be eliminated. Departments must make a contribution towards the costs of the company overall

Answer from: Quest

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

Answer from: Quest

answer: tell me how

explanation:

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Jansen Company reports the following for its ski department for the year 2019. All of its costs are...

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