Homework Answers
In contribution format income statement, all variable expenses are deducted from the sales to arrive at contribution margin. And after that all fixed expenses will be deducted to calculate the net income.
Segmented income statement
Item Total Apparel Accessories
Sales revenue $1512000 $735000 $777000
Less: Variable expenses ($768000) ($342000) ($426000)
Contribution margin $744000 $393000 $351000
Less: Fixed expenses
Traceable ($299000) ($174000) ($125000)
Common ($433000) ($187000) ($246000)
Net profit $12000 $32000 ($20000)
Add Answer to:
Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October 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 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...
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 $775,000 $314,000 $201.ee $799,000 $425,000 $128,eee Common fixed expenses totaled $401.000 and were allocated as follows: $172,000 to the Apparel business segment and $229,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company. Total...
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...
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...
Data for January for Bondi Corporation and its two major business segments, North and South, appear...
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...
Data for January for Bondi Corporation and its two major business segments, North and South, appear...
Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North $ 554,000 Variable expenses, North $ 321,500 Traceable fixed expenses, North $ 66,300 Sales revenues, South $ 428,000 Variable expenses, South $ 244,200 Traceable fixed expenses, South $ 55,400 In addition, common fixed expenses totaled $150,200 and were allocated as follows: $78,000 to the North business segment and $72,200 to the South business segment. A properly constructed segmented income statement...
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had...
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $310,000, variable expenses of $170,000, and traceable fixed expenses of $38,000. During the same month, the West business segment had sales revenues of $980,000, variable expenses of $508,000, and traceable fixed expenses of $187,000. The common fixed expenses totaled $282,000 and were allocated as follows: $141,000 to the East business segment and $141,000 to the West business segment. The contribution margin...
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...
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 $775,000 $314,000 $201.ee $799,000 $425,000 $128,eee Common fixed expenses totaled $401.000 and were allocated as follows: $172,000 to the Apparel business segment and $229,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company. Total...
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 $310,000, variable expenses of $170,000, and traceable fixed expenses of $38,000. During the same month, the West business segment had sales revenues of $980,000, variable expenses of $508,000, and traceable fixed expenses of $187,000. The common fixed expenses totaled $282,000 and were allocated as follows: $141,000 to the East business segment and $141,000 to the West business segment. The contribution margin...
Most questions answered within 3 hours.
-
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 8 minutes ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 27 minutes ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 26 minutes ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 54 minutes ago -
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 1 hour ago -
Consider the following reaction: C 2H 2( g) + 2H 2( g) C 2H 6(
g)...
asked 1 hour ago -
Consider a 1.0 L buffer containing 0.092 mol L-1 HCOOH and 0.100
mol L-1 HCOO-. What...
asked 1 hour ago -
Koch Realty has owned a vacant land with a FMV of
$775,000 and an adjusted basis...
asked 1 hour ago -
It is estimated 29% of all adults in United States invest in
stocks and that 85%...
asked 1 hour ago -
What does a 2-sided p value of 0.04 mean? (I am not asking if it
is...
asked 1 hour ago -
A parallel-plate capacitor is made from two aluminum-foil
sheets, each 7.8 cmcm wide and 5.1 mmlong....
asked 1 hour ago -
1. why is toluene a stronger nucleophile than benzene?
2.why is phenol a stronger nucleophile than...
asked 2 hours ago