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Perez Transport Company divides its operations Into four divisions. A recent Income statement for its West...
Rundle Transport Company divides its operations into four divisions. A recent income statement for its West...
Rundle Transport Company divides its operations into four divisions. A recent income statement for its West Division follows. RUNDLE TRANSPORT COMPANY West Division Income Statement for Year 3 Revenue Salaries for drivers Fuel expenses Insurance Division-level facility-sustaining costs Companywide facility-sustaining costs Net loss $ 620,000 (470,000) (62,000) ( 82,000) (52,000) (142,000) $(188,000) Required a. By how much would companywide income increase or decrease if West Division is eliminated? Should West Division be eliminated? b. Assume that West Division is able...
Return to question Dudley Transport Company divides its operations into four divisions. A recent ...
Return to question Dudley Transport Company divides its operations into four divisions. A recent income statement for its West Division follows: West Division Income Statement for the Year 2019 Revenue Salaries for drivers Fuel expenses Insurance Division-level facility-sustaining costs Companywide facility-sustaining costs (210,000) (30,800) (42,e00) (24,000) 78,000 (84,000) Net loss Required a. By how much would companywide income increase or decrease if West Division is eliminated? Should West Division be eliminated? b. Assume that West Division is able to increase...
West Division Income Statement for Year3 $ 300, 000 (210, 000) (30, 000) (42, 000) (24,...
West Division Income Statement for Year3 $ 300, 000 (210, 000) (30, 000) (42, 000) (24, 000) (78, 000) Revenue Salaries for drivers Fuel expenses Insurance Division-level facility-sustaining costs Companywide facility-sustaining costs $(84, 000) Net loss Required a. By how much would companywide income increase or decrease if West Division is eliminated? Should West Division be eliminated? b. Assume that West Division is able to increase its revenue to $324,000 by raising its prices. Determine the amount of the increase...
Okoboji Company manufactures wooden canoes, and has four operating divisions: East, West, North, and South. Each...
Okoboji Company manufactures wooden canoes, and has four operating divisions: East, West, North, and South. Each division manufactures a unique model of canoe. During the first quarter of 2017, total net operating income was $70,000. A breakdown by division was as follows: East West North South Sales $ 550,000 $750,000 $950,000 $450,000 COGS 460,000 480,000 575,000 400,000 S & A expenses 120,000 220,000 250,000 125,000 Net Op. Income $ ( 30,000) $ 50,000 $125,000 $ (75,000) An...
Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement:
Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales $1, 000,000 Variable expenses 390,000 Contribution margin 610,000 Fixed expenses 625, 000 Net operating income (loss)$ (15,000) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Required: 1. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the West Division's...
Exercise 4-11 (Algo) Segmented Income Statement [LO4-4] Wingate Company, a wholesale distributor of electronic equipment, has...
Exercise 4-11 (Algo) Segmented Income Statement [LO4-4] Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales $ 1,502,000 Variable expenses 532,460 Contribution margin 969,540 Fixed expenses 1,066,000 Net operating income (loss) $ (96,460) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division...
Perez Bike Company makes the frames used to build its bicycles. During year 2, Perez made...
Perez Bike Company makes the frames used to build its bicycles. During year 2, Perez made 24,000 frames; the costs incurred follow. Unit-level materials costs (24,000 units x $55) Unit-level labor costs (24,000 units x $58) Unit-level overhead costs (24,000 x $10) Depreciation on manufacturing equipment Bike frame production supervisor's salary Inventory holding costs Allocated portion of facility-level costs Total costs $1,320,000 1,392,000 240,000 94,000 81,400 310,000 470,000 $3,907,400 Perez has an opportunity to purchase frames for $118 each. Additional...
Crossfire Company segments its business into two regions-East and West. The company prepared a contribution format...
Crossfire Company segments its business into two regions-East and West. The company prepared a contribution format segmented income statement as shown below. Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income Total Company $ 900,000 675,000 225,000 141,000 84,000 59.000 $ 25,000 East $ 600,000 480,000 120.000 50,000 $ 70,000 West $300,000 195,000 105,000 91,000 14,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar...
Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as...
Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) $1,000,000 390,000 610,000 625,000 $ (15,000) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Sales Variable expenses as a percentage of sales Traceable...
Perez Bike Company makes the frames used to build its bicycles. During 2018, Perez made 24,000...
Perez Bike Company makes the frames used to build its bicycles. During 2018, Perez made 24,000 frames; the costs incurred follow: Unit-level materials costs (24,000 units × $55) $ 1,320,000 Unit-level labor costs (24,000 units × $58) 1,392,000 Unit-level overhead costs (24,000 × $10) 240,000 Depreciation on manufacturing equipment 94,000 Bike frame production supervisor’s salary 81,400 Inventory holding costs 310,000 Allocated portion of facility-level costs 470,000 Total costs $ 3,907,400 Perez has an opportunity to purchase frames for $118 each....
Rundle Transport Company divides its operations into four divisions. A recent income statement for its West Division follows. RUNDLE TRANSPORT COMPANY West Division Income Statement for Year 3 Revenue Salaries for drivers Fuel expenses Insurance Division-level facility-sustaining costs Companywide facility-sustaining costs Net loss $ 620,000 (470,000) (62,000) ( 82,000) (52,000) (142,000) $(188,000) Required a. By how much would companywide income increase or decrease if West Division is eliminated? Should West Division be eliminated? b. Assume that West Division is able...
Return to question Dudley Transport Company divides its operations into four divisions. A recent income statement for its West Division follows: West Division Income Statement for the Year 2019 Revenue Salaries for drivers Fuel expenses Insurance Division-level facility-sustaining costs Companywide facility-sustaining costs (210,000) (30,800) (42,e00) (24,000) 78,000 (84,000) Net loss Required a. By how much would companywide income increase or decrease if West Division is eliminated? Should West Division be eliminated? b. Assume that West Division is able to increase...
West Division Income Statement for Year3 $ 300, 000 (210, 000) (30, 000) (42, 000) (24, 000) (78, 000) Revenue Salaries for drivers Fuel expenses Insurance Division-level facility-sustaining costs Companywide facility-sustaining costs $(84, 000) Net loss Required a. By how much would companywide income increase or decrease if West Division is eliminated? Should West Division be eliminated? b. Assume that West Division is able to increase its revenue to $324,000 by raising its prices. Determine the amount of the increase...
Perez Bike Company makes the frames used to build its bicycles. During year 2, Perez made 24,000 frames; the costs incurred follow. Unit-level materials costs (24,000 units x $55) Unit-level labor costs (24,000 units x $58) Unit-level overhead costs (24,000 x $10) Depreciation on manufacturing equipment Bike frame production supervisor's salary Inventory holding costs Allocated portion of facility-level costs Total costs $1,320,000 1,392,000 240,000 94,000 81,400 310,000 470,000 $3,907,400 Perez has an opportunity to purchase frames for $118 each. Additional...
Crossfire Company segments its business into two regions-East and West. The company prepared a contribution format segmented income statement as shown below. Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income Total Company $ 900,000 675,000 225,000 141,000 84,000 59.000 $ 25,000 East $ 600,000 480,000 120.000 50,000 $ 70,000 West $300,000 195,000 105,000 91,000 14,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar...
Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) $1,000,000 390,000 610,000 625,000 $ (15,000) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Sales Variable expenses as a percentage of sales Traceable...
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