Homework Answers
1. East division segment margin = Contribution margin - Direct fixed expense
= 240000*0.35 - 48000
= $36000
2. Fixed manufacturing overhead
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US Products operates two divisions with the following sales and expense formation for the month of...
ABC Company operates two divisions with the following sales and expense information for the month of...
ABC Company operates two divisions with the following sales and
expense information for the month of August:
Division 1: sales, $144,000; contribution margin ratio, 50%; direct
fixed expenses, $30,000.
Division 2: sales, $98,000; contribution margin ratio, 70%; direct
fixed expenses, $19,000.
ABC Company’s total fixed expenses during August was
$121,600.
Required:
Prepare a segmented income statement for ABC Company to determine
the segment margin for Divisions 1 and 2 and the operating income
for ABC Company.
ABC Company operates two...
ABC Company operates two divisions with the following sales and expense information for the month of...
ABC Company operates two divisions with the following sales and expense information for the month of August: Division 1: sales, $150,000; contribution margin ratio, 50%; direct fixed expenses, $31,500. Division 2: sales, $102,500; contribution margin ratio, 70%; direct fixed expenses, $19,750. ABC Company’s total fixed expenses during August was $127,000. Required: Prepare a segmented income statement for ABC Company to determine the segment margin for Divisions 1 and 2 and the operating income for ABC Company. total company division 1...
Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental...
Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Products Division's divisional segment margin is $35,800 and the Export Products Division's divisional segment margin is $88,200. The total amount of common fixed expenses not traceable to the individual divisions is $98,000. What is the company's net operating income foss)? Multiple Choice O $222,000 O $124,000 o Oo oo О $26,000 15124,000) Combe Corporation has two divisions: Alpha and Beta. Data from the most...
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...
5 Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The...
5 Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Products Division's divisional segment margin is $35,300 and the Export Products Division's divisional segment margin is $87,700. The total amount of common fixed expenses not traceable to the individual divisions is $97,200. What is the company's net operating income (loss)? Multiple Choice $220,200 $123.000 $25,800 ($123,000) Mc Graw Hall Education < Prev 5 of 10 Next > Delisa Corporation has two divisions: Division...
Murphy Inc., which produces a single product, has provided the following data for its most recent...
Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation: 16,900 Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expenses $ $ 109 77 12 $997, 100 $388,709 The company had no beginning or ending inventories. Required: a. Compute the unit product cost under absorption costing. b. Compute the unit...
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...
Danny's Dart Company produce and sells darts to customers. Danny's Dart Company has two divisions: the...
Danny's Dart Company produce and sells darts to customers. Danny's Dart Company has two divisions: the Casino Products Division and the International Products Division. The Casino Products Division's divisional segment margin is $38,300 and the International Products Division's divisional segment margin is $90,700. The total amount of common fixed expenses not traceable to the individual divisions is $102,000. What is Danny's Dart Company net operating income (loss)? Garrison 16e Rechecks 2018-06-22 Multiple Choice ($129,000) $129,000 $27,000 $231,000
Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the...
Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Sales Variable expenses Traceable fixed expenses Common fixed expense Total Southern Company Division $418,000 $193,000 $130,880 $ 79,130 $186,000 $ 77,000 $ 79,420 $ 36,670 Northern Division $225,000 $ 51,750 $109,000 $ 42,750 The common fixed expenses have been allocated to the divisions on the basis of sales. The Northern Division's break-even sales is closest to: Multiple Choice O $141.558...
Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the...
Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Total Southern Company Division $301,300 $167,900 $112,125 $ 58,765 $ 169,600 $ 57,200 $ 60,260 $ 33,580 Sales Variable expenses Traceable fixed expenses Common fixed expense Northern Division $133,400 $ 53,360 $112,400 $ 26,680 ( 8 00:12:47 The common fixed expenses have been allocated to the divisions on the basis of sales. The Northern Division's break-even sales is closest to:...
ABC Company operates two divisions with the following sales and
expense information for the month of August:
Division 1: sales, $144,000; contribution margin ratio, 50%; direct
fixed expenses, $30,000.
Division 2: sales, $98,000; contribution margin ratio, 70%; direct
fixed expenses, $19,000.
ABC Company’s total fixed expenses during August was
$121,600.
Required:
Prepare a segmented income statement for ABC Company to determine
the segment margin for Divisions 1 and 2 and the operating income
for ABC Company.
ABC Company operates two...
Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Products Division's divisional segment margin is $35,800 and the Export Products Division's divisional segment margin is $88,200. The total amount of common fixed expenses not traceable to the individual divisions is $98,000. What is the company's net operating income foss)? Multiple Choice O $222,000 O $124,000 o Oo oo О $26,000 15124,000) Combe Corporation has two divisions: Alpha and Beta. Data from the most...
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...
5 Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Products Division's divisional segment margin is $35,300 and the Export Products Division's divisional segment margin is $87,700. The total amount of common fixed expenses not traceable to the individual divisions is $97,200. What is the company's net operating income (loss)? Multiple Choice $220,200 $123.000 $25,800 ($123,000) Mc Graw Hall Education < Prev 5 of 10 Next > Delisa Corporation has two divisions: Division...
Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation: 16,900 Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expenses $ $ 109 77 12 $997, 100 $388,709 The company had no beginning or ending inventories. Required: a. Compute the unit product cost under absorption costing. b. Compute the unit...
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...
Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Sales Variable expenses Traceable fixed expenses Common fixed expense Total Southern Company Division $418,000 $193,000 $130,880 $ 79,130 $186,000 $ 77,000 $ 79,420 $ 36,670 Northern Division $225,000 $ 51,750 $109,000 $ 42,750 The common fixed expenses have been allocated to the divisions on the basis of sales. The Northern Division's break-even sales is closest to: Multiple Choice O $141.558...
Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Total Southern Company Division $301,300 $167,900 $112,125 $ 58,765 $ 169,600 $ 57,200 $ 60,260 $ 33,580 Sales Variable expenses Traceable fixed expenses Common fixed expense Northern Division $133,400 $ 53,360 $112,400 $ 26,680 ( 8 00:12:47 The common fixed expenses have been allocated to the divisions on the basis of sales. The Northern Division's break-even sales is closest to:...
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