Financial Statement Preparation |
| DEPARTMENTAL FIXED EXPENSE ALLOCATION – YTD |
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% Selling/Adjusted Selling GrossDepartmental Total Gross Profit less Selling Expenses related to each Department. Total Selling Gross as shown on line 62 page 4 for New and Used Vehicle and Adjusted Selling Gross from line 62 page 5 for Parts, Service and Body Shop Departments Departmental Fixed Expense Allocation - YTDFixed expenses in each category to be allocated across New Vehicle, Used Vehicle, Parts, Service and Body Shop Departments based on individual dealership practices Salary - General ManagerPost Salaries-General Manager Account 8000, Salaries-AdministrativePost Salaries-Administrative Account 8020. Employee BenefitsPost Employee Benefits Account 8040, also Quick Lane Employee Benefits Service Account 8045, QL Employee Benefits Parts Account 8041. Payroll TaxesPost Payroll Taxes Account 8100, and Quick Lane Service Payroll Taxes Account 8105, QL Parts Payroll Taxes Account 8106. PensionsPost Pensions Account 8200, 8210 and Quick Lane Service Pensions Account 8205, QL Parts Pensions Account 8206. Institutional Advrt. & PromotionPost Institutional Advertising Account 8220, and Institutional Promotion Account 8240. Rent & EquivalentPost Accounts 8300 thru 8426. UtilitiesPost Utilities Account 8500 and Quick Lane Service Utilities Account 8505, QL Parts Utilities Account 8506. TelephonePost Telephone Account 8520 and Quick Lane Service Telephone Account 8525, QL Parts Telephone Account 8446. TaxesPost Taxes-Excl. Real Estate & Inc. Account 8540 and Quick Lane Service Taxes Excl. Income/Real Estate 8445, QL Parts Taxes Excl. Income Real Estate 8646. InsurancePost Insurance Officer's Life Account 8600 and Ins.-Excl. Building and Employee Account 8620. Office SuppliesPost Office Supplies Account 8640 and Quick Lane Service Office Supplies Account 8645, QL Parts Office Supplies Account 8666. Professional & Service FeesPost Prof. & Service Fees Account 8660, 8670 and Quick Lane Service Prof. & Service Fees Account 8665, QL Parts Account 8706. Data ProcessingPost Data Processing Account 8680. Bad DebtsPost Bad Debts Account 8700 and Quick Lane Service Bad Debt Account 8705, QL Parts Bad Debt Account 8726. ContributionsPost Contributions Account 8720 and Quick Lane Service Contributions Account 8725, QL Parts Contributions Account 8766. InterestPost Interest-Excl. Vehicle & Mortgage Account 8740. Depreciation-EquipmentPost Depreciation-Equipment Account 8760 and Quick Lane Service Depreciation-Equipment Account 8765, QL Parts Account 8806. Equip. & Vehicle MaintenancePost Equip. & Vehicle Maint.-General Account 8780. Travel & EntertainmentPost Travel & Entertainment Account 8800 and Quick Lane Service Travel & Entertainment Account 8805, QL Parts Account 8826. Miscellaneous ExpensePost Miscellaneous Expense Account 8820 and Quick Lane Service Miscellaneous Expense Account 8825, QL Parts Misc. Exp. Account 8841. Total FixedTotal of lines 1 thru 22 for each department Dealer SalarySalaries of officers of dealership corporation, partners or proprietor to be allocated across New Vehicle, Used Vehicle, Parts, Service and body Shop Departments based on individual dealership practices Operating ProfitSelling/Adjusted Selling Gross less lines 23, 24. Total of Unapplied ExpensesTotal of Unapplied Expenses lines 1 thru 21 to be allocated across New Vehicle, Used Vehicle, Parts, Service and Body Shop Departments |