Duncan Inc. has two divisions, Parker and Ginobili. Following is the income statement for the past...
Duncan Inc. has two divisions, Parker and Ginobili. Following is the income statement for the past month:
|
Parker |
Ginobili |
||||
|
Sales |
$ |
716,500 |
$ |
308,700 |
|
|
Variable Costs |
295,100 |
172,900 |
|||
|
Contribution Margin |
$ |
_____________ |
$ |
___________ |
|
|
Fixed Costs (allocated) |
246,600 |
181,100 |
|||
|
Profit Margin |
$ |
____________ |
$ |
_________ |
|
What would Duncan's profit margin be if the Ginobili division was
dropped?
If a loss, indicate with a - (negative sign) before your answer. Example: a loss of $1,000 would be answered -1,000
Homework Answers
Answer
- Amount to be entered as Answer = ($6,300) Loss
- When Ginobili is dropped, its sales, variable costs and
contribution margin will be $ 0.
However, fixed cost allocatated would tend to exist.
|
TOTAL |
|
|
Sales |
$716,500 |
|
Variable Costs |
$295,100 |
|
Contribution Margin |
$421,400 |
|
Fixed Costs (allocated) [246600 + 181100] |
$427,700 |
|
Profit Margin |
($6,300) |
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Duncan Inc. has two divisions, Parker and Ginobili. Following is the income statement for the past...
Duncan Inc. has two divisions, Parker and Ginobili. Following is the income statement for the past...
Duncan Inc. has two divisions, Parker and Ginobili. Following is the income statement for the past month: Sales Parker 693,100 $ 270,200 Ginobili 356,600 220,500 Variable Costs $ Contribution Margin Fixed Costs (allocated) Profit Margin 287,000 184,300 $ What would Duncan's profit margin be if the Ginobili division was dropped? If a loss, indicate with a - (negative sign) before your answer. Example: a loss of $1,000 would be answered -1,000
Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous...
Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year Sales Variable costs Contribution Margin Fixed Costs Profit Margin Seward $892,800 624,849 $ 267,962 136,650 $131,310 Charles $595,200 476,160 $119,040 136,650 $(17,610) of the total fixed costs, $210,000 are common fixed costs that are allocated equally between the divisions. What would Franklin's profit margin be if Charles were dropped? Multiple Choice o $267,960 o $892,800 o $131,310 o $26,310
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Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable
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Please help me fill out these tables for accounting, thanks! Indigo Company has four operating divisions....
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...
Duncan Inc. has two divisions, Parker and Ginobili. Following is the income statement for the past month: Sales Parker 693,100 $ 270,200 Ginobili 356,600 220,500 Variable Costs $ Contribution Margin Fixed Costs (allocated) Profit Margin 287,000 184,300 $ What would Duncan's profit margin be if the Ginobili division was dropped? If a loss, indicate with a - (negative sign) before your answer. Example: a loss of $1,000 would be answered -1,000
Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year Sales Variable costs Contribution Margin Fixed Costs Profit Margin Seward $892,800 624,849 $ 267,962 136,650 $131,310 Charles $595,200 476,160 $119,040 136,650 $(17,610) of the total fixed costs, $210,000 are common fixed costs that are allocated equally between the divisions. What would Franklin's profit margin be if Charles were dropped? Multiple Choice o $267,960 o $892,800 o $131,310 o $26,310
Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year! Sales Variable costs Contribution Margin Fixed Costs Profit Margin Seward $892,800 624,840 $ 267,960 136,650 $131,310 Charles $595,200 476,160 $119, 040 136,650 $(17,610) of the total fixed costs $210,000 are common fixed costs that are allocated equally between the divisions. What would Franklin's profit margin be if Charles were dropped? Multiple Choice Ο $267,960 Ο $892,800 Ο $131,310 Ο $26,310
Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable. Following is the income statement for the previous year: Granite $507,000 183.000 324,000 259.000 $ 65,00 Sales Variable Coats Contribution Margin Fixed costs allocated) Pro An Total $1,007,000 407,600 Nina $274,000 $226,000 124.300 100,300 149,700 125,700 159.250 109,750 19.550) 5 5 .950 59.400 528.000 1,400 3. What would Rock's profit margin be if the Lime division were dropped? ProfitT'S 149.700 b. What would Rock's profit margin...
Our company currently has two divisions, with the following budgeted operating results for next year: Division 1 Division 2 Sales $600,000 $300,000 Variable costs 310,000 200.000 $290,000 $100,000 Contribution margin Divisional fixed costs 110.000 60,000 Segment margin $180,000 $40,000 Allocated fixed costs 100.000 _50.000 Net income (loss) $ 80.000 3.010,000) Because of the expected loss in Division 2, we are considering eliminating it. All of the fixed costs for the division could be division was dropped. What is the expected...
Pina Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operations of $212,300 and the following divisional results. Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations $254,000 204,000 69,700 $ (19,700) Division III $199,000 $501,000 190,000 301,000 61,000 57,000 $ (52,000) $143,000 IV $443,000 247,000 55,000 $141,000 Analysis reveals the following percentages of variable costs in each division. Cost of goods sold Selling and administrative expenses I...
Pina Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operations of $212,300 and the following divisional results. 1 Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations $254,000 204,000 69,700 $(19,700) Division II III $199,000 $501,000 190,000 301,000 61,000 57,000 $ (52,000) $143,000 IV $443,000 247,000 55,000 $141,000 Analysis reveals the following percentages of variable costs in each division. Cost of goods sold Selling and administrative expenses...
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...
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