Homework Answers
| Profit margin if Charles were dropped | |
| Sales | $ 8,92,800 |
| Less: Variables Cost | $ 6,24,840 |
| Contibution margin | $ 2,67,960 |
| Less: Fixed Cost | $ 2,10,000 |
| Division Specific fixed cost | $ 31,650 |
| [136650-(210000/2)] | |
| Profit margin | $ 26,310 |
| Correct Option: LAST | |
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Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous...
Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous...
Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year! Sales Variable costs Contribution Margin Fixed Costs Profit Margin Seward $892,800 624,840 $ 267,960 136,650 $131,310 Charles $595,200 476,160 $119, 040 136,650 $(17,610) of the total fixed costs $210,000 are common fixed costs that are allocated equally between the divisions. What would Franklin's profit margin be if Charles were dropped? Multiple Choice Ο $267,960 Ο $892,800 Ο $131,310 Ο $26,310
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Duncan Inc. has two divisions, Parker and Ginobili. Following is the income statement for the past month: Sales Parker 693,100 $ 270,200 Ginobili 356,600 220,500 Variable Costs $ Contribution Margin Fixed Costs (allocated) Profit Margin 287,000 184,300 $ What would Duncan's profit margin be if the Ginobili division was dropped? If a loss, indicate with a - (negative sign) before your answer. Example: a loss of $1,000 would be answered -1,000
Duncan Inc. has two divisions, Parker and Ginobili. Following is the income statement for the past...
Duncan Inc. has two divisions, Parker and Ginobili. Following is the income statement for the past month: Parker Ginobili Sales $ 716,500 $ 308,700 Variable Costs 295,100 172,900 Contribution Margin $ _____________ $ ___________ Fixed Costs (allocated) 246,600 181,100 Profit Margin $ ____________ $ _________ What would Duncan's profit margin be if the Ginobili division was dropped? If a loss, indicate with a - (negative sign) before your answer. Example: a loss of $1,000 would be answered -1,000
Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable. Following is...
Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable. Following is the income statement for the previous year: Granite $507,000 183.000 324,000 259.000 $ 65,00 Sales Variable Coats Contribution Margin Fixed costs allocated) Pro An Total $1,007,000 407,600 Nina $274,000 $226,000 124.300 100,300 149,700 125,700 159.250 109,750 19.550) 5 5 .950 59.400 528.000 1,400 3. What would Rock's profit margin be if the Lime division were dropped? ProfitT'S 149.700 b. What would Rock's profit margin...
Assume a company with two divisions (A and B) prepared the following segmented income statement: Sales...
Assume a company with two divisions (A and B) prepared the following segmented income statement: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income A $ ? 120,000 ? 100,000 $ ? B $ 200,000 140,000 ? 80,000 $ (20,000 What is Division A's segment margin? Multiple Choice O $53,000 $13,000 $72,700 100,000 $ ? 80,000 $ (20,000 $ Traceable fixed expenses Segment margin Common fixed expenses Net operating income What is Division...
Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable
Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable. Following is the income statement for the previous year: a. What would Rock's profit margin be if the Lime division were dropped? b. What would Rock's profit margin be if the Nina division were dropped?
University Hospital provided the following income statement for two of its divisions: Diagnostic and Outpatient. Diagnostic...
University Hospital provided the following income statement for two of its divisions: Diagnostic and Outpatient. Diagnostic Outpatient Total Revenue $500,000 $400,000 $900,000 Variable expenses Product 220,000 140,000 360,000 Selling and administrative 150,000 80,000 230,000 Contribution margin 130,000 180,000 310,000 Less fixed costs 180,000 125,000 305,000 Operating income ($50,000) $ 55,000 $ 5,000 The CEO of the hospital is not pleased with the division’s performance, and he believes that the Diagnostic division is responsible for its dismal result...
Our company currently has two divisions, with the following budgeted operating results for next year: Division...
Our company currently has two divisions, with the following budgeted operating results for next year: Division 1 Division 2 Sales $600,000 $300,000 Variable costs 310,000 200.000 $290,000 $100,000 Contribution margin Divisional fixed costs 110.000 60,000 Segment margin $180,000 $40,000 Allocated fixed costs 100.000 _50.000 Net income (loss) $ 80.000 3.010,000) Because of the expected loss in Division 2, we are considering eliminating it. All of the fixed costs for the division could be division was dropped. What is the expected...
Franklin Cameras, Inc. manufactures two models of cameras. Model ZM has a zoom lens; Model DS...
Franklin Cameras, Inc. manufactures two models of cameras. Model ZM has a zoom lens; Model DS has a fixed lens. Franklin uses an activity-based costing system. The following are the relevant cost data for the previous month: + per Direct Cost per Unit Direct materials Direct labor Model ZM $20.60 29.20 Model DS $10.60 13.20 Category Unit level Batch level Product level Facility level Estimated Cost $ 24,000 47,500 87,500 270,000 $429,000 Cost Driver Number of units Number of setups...
Carroll Corporation has two products, Q and P. During June, the company's net operating income was...
Carroll Corporation has two products, Q and P. During June, the company's net operating income was $27,000, and the common fixed expenses were $58,000. The contribution margin ratio for Product Q was 40%. Its sales were $143.000, and its segment margin was $50,000. If the contribution margin for Product P was $48,000, the segment margin for Product P was: Multiple Choice $35,000 O $50,000 O O "ounle Corporation has two divisions: the South Division and the West Division. The corporation's...
Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year! Sales Variable costs Contribution Margin Fixed Costs Profit Margin Seward $892,800 624,840 $ 267,960 136,650 $131,310 Charles $595,200 476,160 $119, 040 136,650 $(17,610) of the total fixed costs $210,000 are common fixed costs that are allocated equally between the divisions. What would Franklin's profit margin be if Charles were dropped? Multiple Choice Ο $267,960 Ο $892,800 Ο $131,310 Ο $26,310
Duncan Inc. has two divisions, Parker and Ginobili. Following is the income statement for the past month: Sales Parker 693,100 $ 270,200 Ginobili 356,600 220,500 Variable Costs $ Contribution Margin Fixed Costs (allocated) Profit Margin 287,000 184,300 $ What would Duncan's profit margin be if the Ginobili division was dropped? If a loss, indicate with a - (negative sign) before your answer. Example: a loss of $1,000 would be answered -1,000
Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable. Following is the income statement for the previous year: Granite $507,000 183.000 324,000 259.000 $ 65,00 Sales Variable Coats Contribution Margin Fixed costs allocated) Pro An Total $1,007,000 407,600 Nina $274,000 $226,000 124.300 100,300 149,700 125,700 159.250 109,750 19.550) 5 5 .950 59.400 528.000 1,400 3. What would Rock's profit margin be if the Lime division were dropped? ProfitT'S 149.700 b. What would Rock's profit margin...
Assume a company with two divisions (A and B) prepared the following segmented income statement: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income A $ ? 120,000 ? 100,000 $ ? B $ 200,000 140,000 ? 80,000 $ (20,000 What is Division A's segment margin? Multiple Choice O $53,000 $13,000 $72,700 100,000 $ ? 80,000 $ (20,000 $ Traceable fixed expenses Segment margin Common fixed expenses Net operating income What is Division...
Our company currently has two divisions, with the following budgeted operating results for next year: Division 1 Division 2 Sales $600,000 $300,000 Variable costs 310,000 200.000 $290,000 $100,000 Contribution margin Divisional fixed costs 110.000 60,000 Segment margin $180,000 $40,000 Allocated fixed costs 100.000 _50.000 Net income (loss) $ 80.000 3.010,000) Because of the expected loss in Division 2, we are considering eliminating it. All of the fixed costs for the division could be division was dropped. What is the expected...
Franklin Cameras, Inc. manufactures two models of cameras. Model ZM has a zoom lens; Model DS has a fixed lens. Franklin uses an activity-based costing system. The following are the relevant cost data for the previous month: + per Direct Cost per Unit Direct materials Direct labor Model ZM $20.60 29.20 Model DS $10.60 13.20 Category Unit level Batch level Product level Facility level Estimated Cost $ 24,000 47,500 87,500 270,000 $429,000 Cost Driver Number of units Number of setups...
Carroll Corporation has two products, Q and P. During June, the company's net operating income was $27,000, and the common fixed expenses were $58,000. The contribution margin ratio for Product Q was 40%. Its sales were $143.000, and its segment margin was $50,000. If the contribution margin for Product P was $48,000, the segment margin for Product P was: Multiple Choice $35,000 O $50,000 O O "ounle Corporation has two divisions: the South Division and the West Division. The corporation's...
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