Financial Statement Preparation |
| PARTS DEPARTMENT – SALES & GROSS PROFIT |
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Gross % SalesGROSS % SALES: Each part gross account is to be divided by each corresponding sales account and recorded in the Month and YTD columns. For example, Wholesale Gross of $7,891 plus Wholesale Jobbing Incentives of $1,895 = $9,768 divided by $37,065 = 26.4%. Carry % to one place beyond the decimal Wholesale 'S'Selling price to wholesale customers, such as fleet owners and insurance companies. Also post Quick Lane Wholesale Account 5402/6402. Wholesale 'G'Gross = Sales less Cost of Sales (Inventory value of parts sold). See Manual for costing methods Wholesale Job IncentiveIncentives earned on incentive-bearing parts sold to eligible wholesale customers Total WholesaleTotal of lines 2 and 3 Counter Retail 'S'Selling price of parts sold over the counter to retail customers. Also post Quick Lane Wholesale Account 5422/6422 Repair Shop 'S'Selling price of parts sold and installed in repair shop; includes fleet owners and insurance companies. Also post Quick Lane Sales Account 5435/6435 and Quick Lane Tire Sales Account 5436/6436 ESP Repair Shop 'S'Selling price of parts used in repairs for customers under any extended service plan contract. Also post Quick Lane-ESP/ESC/QFC Account 5445/6445. Job IncentiveIncentives earned on incentive-bearing parts installed in repair shop Warranty & Policy Claims (Service) 'S'Selling price at authorized reimbursement rates of parts used in work performed under the Ford Motor Company Warranty and Policy Program. Internal (Service) 'S'Selling price of parts sold to other dealership departments (except body shop) used in a new vehicle prep, used vehicle reconditioning and company vehicle maintenance. See Manual for costing methods. Also post Quick Lane Internal Sales Account 5475/6475/ and Quick Lane Internal Tire Sales Account 5476/6476. Sublet Repairs 'S'Selling price of parts installed on customer vehicles by sublet sources. Also post Quick Lane Sublet Sales Account 5485/6485. Other Merchandise 'S'Selling price of new and used industrial engines and/or any other merchandise handled by the Parts department but not classified in any other account. Also post Quick Lane Other Merchandise Account 5492/6492. Parts Sales Serv-Non Franchise 'S'Selling price of Other Franchise Repair Shop, ESP Shop parts, W&P Claims Service parts, Internal-Service parts Total Parts Sales-Serv. 'S'Total of lines 7, 9, 12, 14, 17, 19, 21 bearing 'S' symbols Total Parts Sales-Serv. 'G'Total of lines 8, 10, 11, 13, 15, 18, 20, Body Shop (Metal) 'S'Selling price of parts sold and installed in body shop; includes fleet owners and insurance companies Body Shop (Paint) 'S'Selling price of paint used in body shop; Warranty & Policy Claims (Body Shop) 'S'Selling price at authorized reimbursement rates of parts used in body work performed under the Ford Motor Company Warranty and Policy Program Internal (Body Shop) 'S'selling price of parts sold to body shop used in internal body repairs. See Manual for costing methods Parts Sales Body-Non Franchise 'S'Selling price of Other Franchise Body Shop Metal, Body Shop Paint, Body Shop W&P Claims, Body Shop Internal parts Total Parts Sales-Body 'S'Total of lines 25, 27, 29, 31, 33, 35 bearing 'S' symbols Total Parts Sales-Body 'G'Total of lines 26, 28, 30, 32, 34, 36 bearing 'G' symbols Discounts EarnedDiscount earned by ordering parts from Ford Motor Company on regular stock orders. Also post Quick Lane Discount Earned Account 6565 Total Department 'S'Total of lines 1, 5, 23, and 37 Total Department 'G'Total of lines 4, 6, 38, 39 and 40 Total 'G'Total of lines 42 minus 43 Total PartsLine 42 - Line 43 |