fill in the missing blanks Anderson Publishing has two divisions: Book Publishing & Magazine Publishing. The...
Anderson Publishing has two divisions: Book Publishing & Magazine Publishing. The Magazine division has been losing money for the last 5 years and Anderson is considering eliminating that division. Anderson's information about the two divisions is as follows: Book Division $ 7,860,000 Magazine Division $ 3,360,000 Total $11, 220,000 Sales Revenue Cost of Goods sold Variable costs Fixed costs Gross Profit Operating Expenses Variable Fixed Net income 2,015,000 78,100 $ 5,766,900 1,015,000 206,000 $ 2,139,000 3,030,000 284,100 $ 7,905, 900...
Anderson Publishing has two divisions: Book Publishing &
Magazine Publishing. The Magazine division has been losing money
for the last 5 years and Anderson is considering eliminating that
division. Anderson’s information about the two divisions is as
follows:
Book Division
Magazine Division
Total
Sales Revenue
$
8,200,000
$
3,469,200
$
11,669,200
Cost of Goods sold
Variable costs
2,400,000
1,196,400
3,596,400
Fixed costs
1,117,500
1,303,000
2,420,500
Gross Profit
$
4,682,500
$
969,800
$
5,652,300
Operating Expenses
Variable
175,000
256,700
431,700
Fixed...
Anderson Publishing has two divisions: Book Publishing &
Magazine Publishing. The Magazine division has been losing money
for the last 5 years and Anderson is considering eliminating that
division. Anderson’s information about the two divisions is as
follows:
Book Division
Magazine Division
Total
Sales Revenue
$
7,900,000
$
3,342,300
$
11,242,300
Cost of Goods sold
Variable costs
2,100,000
1,046,900
3,146,900
Fixed costs
1,087,500
1,225,800
2,313,300
Gross Profit
$
4,712,500
$
1,069,600
$
5,782,100
Operating Expenses
Variable
145,000
212,700
357,700
Fixed...
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...
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...
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...
Chao, Inc., a service provider, has two divisions. The firm’s
most recent annual contribution format segmented income statement
appears below.
If the company eliminates the Western Division and the Eastern
Division sales increase by 10% as a result, how much will the
company’s net operating income decrease?
Chao, Inc., a service provider, has two divisions. The firm's most recent annual contribution format segmented income statement appears below Total Eastern Company Division Division $450,000 $90,000 $360,000 27,000 63,000 46,800 106,200 $16,200...
Nantor Corporation has two divisions, Southern and Northern. The following information was taken from last year's income statement segmented by division: Total Company Southern Northern Sales $ 5,800,000 $ 3,580,000 $ 2,220,000 Contribution margin $ 2,550,000 $ 1,590,000 $ 960,000 Divisional segment margin $ 1,390,000 $ 1,060,000 $ 330,000 Net operating income last year for Nantor Corporation was $580,000. In last year's income statement segmented by division, what were Nantor's total common fixed expenses?
Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $1,020,000, 38%, and $20,400, respectively. The North Division's contribution margin and contribution margin ratio are $142,800 and 42%, respectively. The South Division's segment margin is $163,200. The company has $244,800 of common fixed expenses that cannot be traced to either division. 3.07 points Required: Prepare an income statement for Shannon Company that uses the contribution format...
Please help me fill out these tables for accounting, thanks!
Indigo Company has four operating divisions. During the first
quarter of 2017, the company reported aggregate income from
operations of $218,700 and the following divisional
results.
Division
I
II
III
IV
Sales
$250,000
$198,000
$499,000
$447,000
Cost of goods sold
195,000
194,000
298,000
250,000
Selling and administrative expenses
70,300
62,000
57,000
49,000
Income (loss) from operations
$ (15,300)
$ (58,000)
$144,000
$148,000
Analysis reveals the following percentages of variable costs...