Bob Daniels manages an auto dealership”s service department. The recent month”s income…


Question Description:

29.99

Bob Daniels manages an auto dealership”s service department. The recent month”s income… 1 answer below » 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. View complete question » Revenues Sales of parts     & 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 View less » Jul 24 2014 07:49 AM

Answer

29.99