Homework Answers
Answer-
| NEW SEGMENTED INCOME STATEMENT | |||
| SEGMENTS | |||
| PARTICULARS | TOTAL COMPANY | APPAREAL | ACCESSORIES |
| AMOUNT | AMOUNT | AMOUNT | |
| $ | $ | $ | |
| Sales | 1574000 | 775000 | 799000 |
| Less- Variable expenses | 739000 | 314000 | 425000 |
| Contribution margin | 835000 | 461000 | 374000 |
| Less- Traceable fixed expenses | 329000 | 201000 | 128000 |
| Office segment margin | 506000 | 260000 | 246000 |
| Common fixed expenes not traceable to offices | 401000 | ||
| Net Opearting Income | 105000 | ||
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Spiess Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for December appear...
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear...
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel $ 717,000 Variable expenses, Apparel $ 397,000 Traceable fixed expenses, Apparel $ 125,000 Sales revenues, Accessories $ 771,000 Variable expenses, Accessories $ 510,000 Traceable fixed expenses, Accessories $ 176,000 Common fixed expenses totaled $181,000 and were allocated as follows: $74,000 to the Apparel business segment and $107,000 to the Accessories business segment. Required: Prepare a segmented income statement in the...
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear...
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel $ 699,000 Variable expenses, Apparel $ 367,000 Traceable fixed expenses, Apparel $ 179,000 Sales revenues, Accessories $ 795,000 Variable expenses, Accessories $ 483,000 Traceable fixed expenses, Accessories $ 145,000 Common fixed expenses totaled $231,000 and were allocated as follows: $89,000 to the Apparel business segment and $142,000 to the Accessories business segment. Required: Prepare a segmented income statement in the...
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear...
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories $ 717,000 $397,000 $125,000 $771,000 $510,000 $ 176,000 Common fixed expenses totaled $181,000 and were allocated as follows: $74,000 to the Apparel business segment and $107,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the...
50 Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December...
50 Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel $ 716,000 Variable expenses, Apparel $ 325,000 Traceable fixed expenses, Apparel $ 200,000 Sales revenues, Accessories $ 838,000 Variable expenses, Accessories $ 489,000 Traceable fixed expenses, Accessories $ 195,000 Common fixed expenses totaled $213,000 and were allocated as follows: $101,000 to the Apparel business segment and $112,000 to the Accessories business segment. Required: Prepare a segmented income statement in...
Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear...
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TB Problem Qu. 6-283 Spiess Corporation has two major ... Spiess Corporation has two major business...
TB Problem Qu. 6-283 Spiess Corporation has two major ... Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories $751,000 $388,000 $140,000 $828,000 $449,000 $117,000 Common fixed expenses totaled $322,000 and were allocated as follows: $137,000 to the Apparel business segment and $185,000 to the Accessories business segment. Required: Prepare a segmented...
You skipped the queution in TB Problem Qu. 6-283 Spless Corporation has two major - appear...
You skipped the queution in TB Problem Qu. 6-283 Spless Corporation has two major - appear below. Splece Corporation hno two major business segments-Apparel and Accessories. Data concerning those segments for December Sales revenues Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories R Variable expenses, Accessories Traceable fixed expenses, Accessories FELL 3717.000 $397,eee $125.000 $771, eee 3510, eee $176,000 Common fixed expenses totaled $181.000 and were allocated as follows: $74,000 to the Apparel business segment and $107,000...
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Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales re...
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $380,000, variable expenses of $205,000, and traceable fixed expenses of $45,000. During the same month, the West business segment had sales revenues of $1,050,000, variable expenses of $536,000, and traceable fixed expenses of $201,000. The common fixed expenses totaled $310,000 and were allocated as follows: $155,000 to the East business segment and $155,000 to the West business segment. A properly constructed...
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories $ 717,000 $397,000 $125,000 $771,000 $510,000 $ 176,000 Common fixed expenses totaled $181,000 and were allocated as follows: $74,000 to the Apparel business segment and $107,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the...
Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below: Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses $735,000 $342,000 $174,000 777,000 426,000 $125,000 , Accessories Common fixed expenses totaled $433,000 and were allocated as follows: $187,000 to the Apparel business segment ad $246,000 to the Accessories business segment. Required Prepare a segmented income statement in the contribution format for the company...
TB Problem Qu. 6-283 Spiess Corporation has two major ... Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories $751,000 $388,000 $140,000 $828,000 $449,000 $117,000 Common fixed expenses totaled $322,000 and were allocated as follows: $137,000 to the Apparel business segment and $185,000 to the Accessories business segment. Required: Prepare a segmented...
You skipped the queution in TB Problem Qu. 6-283 Spless Corporation has two major - appear below. Splece Corporation hno two major business segments-Apparel and Accessories. Data concerning those segments for December Sales revenues Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories R Variable expenses, Accessories Traceable fixed expenses, Accessories FELL 3717.000 $397,eee $125.000 $771, eee 3510, eee $176,000 Common fixed expenses totaled $181.000 and were allocated as follows: $74,000 to the Apparel business segment and $107,000...
Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North Variable expenses, North Traceable fixed expenses, North Sales revenues, South $660,000 $ 383,000 $ 79,000 $ 510,000 Variable expenses, South $ 291,000 Traceable fixed expenses, South $66,000 In addition, common fixed expenses totaled $179,000 and were allocated as follows: $93,000 to the North business segment and $86,000 to the South business segment. A properly constructed segmented income statement in a...
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $380,000, variable expenses of $205,000, and traceable fixed expenses of $45,000. During the same month, the West business segment had sales revenues of $1,050,000, variable expenses of $536,000, and traceable fixed expenses of $201,000. The common fixed expenses totaled $310,000 and were allocated as follows: $155,000 to the East business segment and $155,000 to the West business segment. A properly constructed...
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