Three segments (X, Y and Z) of Truly Company have net sales of $125,000, $105,000, and...
Three segments (X, Y and Z) of Truly Company have net sales of $125,000, $105,000, and $170,000, respectively. A decision is made to allocate the pool of $ 40,000 of administrative overhead expenses of the home office to the segments, using net sales as the basis for allocation.
How much of the $40,000 should be allocated to each segment? (Show and label all calculations)
Homework Answers
| Segments | Net sales | Allocation of administrative overhead expenses |
|
X |
125000 |
12500 [ 40000 * 125000 / 400000 ] |
|
Y |
105000 |
10500 [ 40000 * 105000 / 400000 ] |
|
Z |
170000 |
17000 [ 40000 * 170000 / 400000 ] |
| Total | 400000 | 40000 |
Add Answer to:
Three segments (X, Y and Z) of Truly Company have net sales of
$125,000, $105,000, and...
Toxaway Company is a merchandiser that segments its business into two divisions—Commercial and Residential. The company’...
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 Company Commercial Residential Sales $ 1,005,000 $ 335,000 $ 670,000 Cost of goods sold 670,000 180,900 489,100 Gross margin 335,000 154,100...
#2,5,6,7 Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The...
#2,5,6,7
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 Company Coreial Residential 1885,00 153.400 Cost of goods sold Gross margin Selling and administrative expenses Net operating income 276.0DD 5...
Toxaway Company is a merchandiser that segments its business into two divisions—Commercial and Residential. The company’...
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 Company Commercial Residential Sales $ 795,000 $ 265,000 $ 530,000 Cost of goods sold 535,300 148,400 386,900 Gross margin 259,700 116,600...
Campbell Company operates three segments. Income statements for the segments imply that profitability could be improved...
Campbell Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. САМРВELL COMPANY Income Statements for the Year 2018 Segment Sales A B $ 165,000 (123,000) (21,000) 21,000 (40,000) (3,000) $ (22,000) $248,000 (91,000) (29,000) 128,000 (42,000) (13,000) $261,000 (76,000) (24,000) 161,000 (29,000) Cost of goods sold Sales commissions Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) 0 $ 73,000 $132,000 Net...
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 $ 885,000 572,300 312,700 276,000 $...
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: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Total Company $1,050,000 682,500 367.500 320,000 $ 47,500...
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 $ 825,000 555,500 269,500 260,000 $...
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 Company Commercial Residential Sales $ 960,000 $ 320,000 $ 640,000 Cost of goods sold 636,800 169,600 467,200 Gross margin 323,200 150,400...
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 $ 780,000 517,400 262,600 248,000 $...
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 Company Commercial Residential Sales $ 765,000 $ 255,000 $ 510,000 Cost of goods sold 510,000 142,800 367,200 Gross margin 255,000 112,200...
#2,5,6,7
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 Company Coreial Residential 1885,00 153.400 Cost of goods sold Gross margin Selling and administrative expenses Net operating income 276.0DD 5...
Campbell Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. САМРВELL COMPANY Income Statements for the Year 2018 Segment Sales A B $ 165,000 (123,000) (21,000) 21,000 (40,000) (3,000) $ (22,000) $248,000 (91,000) (29,000) 128,000 (42,000) (13,000) $261,000 (76,000) (24,000) 161,000 (29,000) Cost of goods sold Sales commissions Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) 0 $ 73,000 $132,000 Net...
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 $ 885,000 572,300 312,700 276,000 $...
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: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Total Company $1,050,000 682,500 367.500 320,000 $ 47,500...
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 $ 825,000 555,500 269,500 260,000 $...
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: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Total Company $ 780,000 517,400 262,600 248,000 $...
Most questions answered within 3 hours.
-
Hello, I have questions on Matlab. Let's say that I have an
equation. Signal x(t)= cos(2*pi*10*t)...
asked 47 minutes ago -
choose a radioactive isotope used in healthcare or another field
and report on how your isotope...
asked 9 minutes ago -
Balance the following half-reactions in acidic solution,
identify the oxidation states of the metal atoms, and...
asked 6 minutes ago -
describe
three ways that industrialized agriculture can impact human
health?
asked 22 minutes ago -
A resistor and capacitor are connected in series to a power
supply of 50 Volts. The...
asked 17 minutes ago -
(20
10Ne) (72 37Rb) (16 8O) (11 5B) why isotope of Rb is most unstable?
is...
asked 14 minutes ago -
A firm will pay a dividend of $2.01 next year. The dividend is
expected to grow...
asked 22 minutes ago -
The Bureau of Labor Statistics divides the adult population into
four categories: employed, underemployed, unemployed, and...
asked 35 minutes ago -
Question 29 Which of the following is not needed in order to
prepare a statement of...
asked 37 minutes ago -
iodination of vanillin
experiment
1. Briefly explain why the
iodination took place at the indicated position...
asked 51 minutes ago -
Fermentation carried out by year cells will produce
1. glucos
2. ethanol
3. phsophoglyceraldehyde
4. 36...
asked 48 minutes ago -
create a class in Java for a Plane
the class will include
String Data Fields for...
asked 50 minutes ago