From the Following Partial Data,prepare a Departmental Income Statement Showing

question 80

Essay

From the following partial data,prepare a departmental income statement showing income before tax along with net income for Mason Corporation for the month ended December 31.
$$\begin{array} { l r } \text { Net Sales-Sporting Goods } & \$ 3,000 \\\text { Net Sales-Shoes } & 1,500 \\\text { Cost of Goods Sold-Sporting Goods } & 1,950 \\\text { Cost of Goods Sold-Shoes } & 900 \\\text { Income Tax Rate is } 30 \% & \\\text { Sporting Goods Dept.-5,000 square feet } & \\\text { Shoe Dept.-3,000 square feet } &\end{array}$$
The following items are indirect expenses and should be allocated:
$$\begin{array}{l}\quad\quad\quad\quad\quad\quad\quad\text { Basis of Appropriation }\\\begin{array} { l r l } \text { Building Expense } & \$ 240 & \text { Square Footage } \\\text { Delivery Expense } & \$ 135 & \text { Net Sales } \\\text { Depreciation Expense } & \$ 40 & \text { Square Footage }\end{array}\end{array}$$

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Definitions:

Middle-Aged Workers

Individuals in the workforce typically ranging from about 40 to 65 years of age, often facing unique career and life stage challenges.

Younger Workers

Individuals in the workforce who are typically in the early stages of their career, often younger in age and with less experience.

Advancement

Progress or development in a particular aspect, such as career, knowledge, or technological improvement.

Lasting Difference

A change or impact that persists over time, often signifying a notable deviation from a previous state or condition.