Homework Answers
| Contribution margin | / | Sales revenue | = | Contribution margin ratio | |
| Commercial | 44330 | / | 80600 | = | 55% |
| Residential | 54060 | / | 90100 | = | 60% |
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E21-25 (similar to) Sage Company provides carpet cleaning servioes to commercial and residential customers. Using the...
Professional Pool Cleaning Service provides pool cleaning services to residential customers. The company has three employees,...
Professional Pool Cleaning Service provides pool cleaning services to residential customers. The company has three employees, each assigned to specific customers. The company considers each employee's territory as a business segment. The company incurs variable costs that include the employees' wages, pool chemicals, and gas for the service vans. Fixed costs include depreciation on the service vans. Following is the income statement for the month of July (Click the icon to view the income statement.) Read the requirements, Requirement 1....
Pool Cleaning Service provides pool cleaning services to residential customers. The company has three employees, each...
Pool Cleaning Service provides pool cleaning services to
residential customers. The company has three employees, each
assigned to specific customers. The company considers each
employee's territory as a business segment. The company incurs
variable costs that include the employees' wages, pool chemicals,
and gas for the service vans. Fixed costs include depreciation on
the service vans. Following is the income statement for the month
of July:
Possible reasons for the profitability of this business segment
include the following:
Felicity Pool...
Eden Pool Cleaning Service provides pool cleaning services to residential customers. The company has three employees,...
Eden Pool Cleaning Service provides pool cleaning services to residential customers. The company has three employees, each assigned to specific customers. The company considers each employee's territory as a business segment. The company incurs variable costs that include the employees' wages, pool chemicals, and gas for the service vans. Fixed costs include depreciation on the service vans. Following is the income statement for the month of July: Eden Pool Cleaning Service Income Statement For the Month Ended July 31, 2018...
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's...
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's accounting intern was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Total Company $1,005,000 670,000 335,000 308,000 $ 27,000...
. Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The...
.
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's accounting intern was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below: Total Commercial Residential $ 345,000 Company $1,035,000 $ 690,000 Sales 676,200 358,800 316,000 Cost of goods sold Gross margin Selling and...
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's...
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's accounting intern was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Total Company $ 840,000 557, 200 282,800 264,000...
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's...
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's accounting intern was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below: Total Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income $ 960,000 636,800 323,200 296,000 $ 27,200...
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential The...
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential The company's accounting intem was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below. Total Company Comercial Residential Sales $ 990,000 $330.000 $60. DOD Cost of goods sold 663.300 181.500 481.800 GLOSS Marcin 326. TOD...
Professional Pool Cleaning Service provides pool cleaning services to residential customers. The company has three employees, each assigned to specific customers. The company considers each employee's territory as a business segment. The company incurs variable costs that include the employees' wages, pool chemicals, and gas for the service vans. Fixed costs include depreciation on the service vans. Following is the income statement for the month of July (Click the icon to view the income statement.) Read the requirements, Requirement 1....
Pool Cleaning Service provides pool cleaning services to
residential customers. The company has three employees, each
assigned to specific customers. The company considers each
employee's territory as a business segment. The company incurs
variable costs that include the employees' wages, pool chemicals,
and gas for the service vans. Fixed costs include depreciation on
the service vans. Following is the income statement for the month
of July:
Possible reasons for the profitability of this business segment
include the following:
Felicity Pool...
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's accounting intern was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Total Company $1,005,000 670,000 335,000 308,000 $ 27,000...
.
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's accounting intern was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below: Total Commercial Residential $ 345,000 Company $1,035,000 $ 690,000 Sales 676,200 358,800 316,000 Cost of goods sold Gross margin Selling and...
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's accounting intern was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Total Company $ 840,000 557, 200 282,800 264,000...
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's accounting intern was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below: Total Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income $ 960,000 636,800 323,200 296,000 $ 27,200...
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential The company's accounting intem was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below. Total Company Comercial Residential Sales $ 990,000 $330.000 $60. DOD Cost of goods sold 663.300 181.500 481.800 GLOSS Marcin 326. TOD...
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