Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 1 Day Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 22 Jul 2017 My Price 10.00

auto dealership’s service

Bob Daniels manages an auto dealership’s service department. The recent month’s income statement for his department follows. (1) Analyze the items on the income statement and identify those that definitely should be included on a performance report used to evaluate Daniels’s performance. List them and explain why you chose them. (2) List and explain the items that should definitely be excluded. (3) List the items that are not definitely included or excluded and explain why they fall into that category.

Revenues

 

 

Sales of parts                             

$ 144,000

 

Sales of services                           

210,000

$354,000

Costs and expenses

 

 

Cost of parts sold                         

60,000

 

Building depreciation                       

18,600

 

Income taxes allocated to department         

17,400

 

Interest on long-term debt                  

15,000

 

Manager’s salary                           

24,000

 

Payroll taxes                              

16,200

 

Supplies                                 

31,800

 

Utilities                                  

8,800

 

Wages (hourly)                            

32,000

 

Total costs and expenses                    

 

223,800

Departmental net income                      

 

$130,200

Answers

(5)
Status NEW Posted 22 Jul 2017 09:07 PM My Price 10.00

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