Homework Answers
| Microscopes | Telescopes | Total | |||
| Sales revenue | $12,957,472 | $8,991,300 | $21,948,772 | ||
| Variable expenses | $6,478,736 | $3,526,000 | $10,004,736 | ||
| Contribution margin | $6,478,736 | $5,465,300 | $11,944,036 | ||
| Traceable fixed expenses | $3,006,400 | $3,508,600 | $6,515,000 | ||
| Segment margin | $3,472,336 | $1,956,700 | $5,429,036 | ||
| Common fixed expenses | $4,011,600 | ||||
| Operating income | $1,417,436 | ||||
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Wildhorse Optics manufactures two products: microscopes and telescopes. Information for each product is as follows. Sales...
Shoe Shock Innovations manufactures athletic shoe inserts that cushion the foot and reduce the impact of...
Shoe Shock Innovations manufactures athletic shoe inserts that cushion the foot and reduce the impact of exercise on the joints. The company has two divisions, Sole Inserts and Heel Inserts. A segmented income statement from last month follows. Sole Inserts Division Heel Inserts Division Total Shoe Shock Sales revenue $499,700 318,000 Less variable expenses $2,533,000 $3,032,700 2,049,000 2,367,000 484,000 665,700 Contribution margin 181,700 Less traceable fixed expenses 124,100 349,700 473,800 Segment margin $57,600 $134,300 191,900 Common fixed costs 174,000 Net...
Jim Coston was reviewing the latest income statement for Trenton Communications. For the second year in...
Jim Coston was reviewing the latest income statement for Trenton Communications. For the second year in a row, the Audio division was showing a negative segment margin, and Jim thought it was time to close the division to increase the company's operating income. The income statement that he examined follows Sales revenue Less variable expenses Contribution margin Less traceable fixed expenses Segment margin Common fixed costs Net operating income Video Audio Division Division Total $5,309,200 $2,861,600 $8,170,800 3,662,900 1,648,200 5,311,100...
Royal Lawncare Company produces and sells two packaged products. Weedban and Greengrow. Revenue and cost information...
Royal Lawncare Company produces and sells two packaged products. Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 11.00 $ 36.00 Variable expenses per unit $ 3.00 $ 14.00 Traceable fixed expenses per year $ 136.000 $ 31.000 Common fixed expenses in the company total $96.000 annually. Last year the company produced and sold 37.000 units of Weedban and 15.500 units of Greengrow. Required: Prepare a contribution format income...
Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information...
Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow 12.00 $ 32.00 2.50 $ 13.00 $ 131,000 $ 43,000 Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 41,000 units of Weedban and 15,000 units of Greengrow. Required: Prepare a contribution format income statement segmented...
Income Statements Segmented by Territory Script, Inc., has two product lines. The September income statements of...
Income Statements Segmented by Territory Script, Inc., has two product lines. The September income statements of each product line and the company are as follows: SCRIPT, INC. Product Line and Company Income Statements For Month of September Pens Pencils Total Sales $25,000 $30,000 $55,000 Less variable expenses (10,000) (12,000) (22,000) Contribution margin 15,000 18,000 33,000 Less direct fixed expenses (8,000) (6,000) (14,000) Product margin $7,000 $12,000 $19,000 Less common fixed expenses (6,000) Net income $13,000 Pens and pencils are sold...
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating...
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrov $ 12.00 $ 37.00 $ 2.80 $ 10.00 $ 137,000 $ 39,000 Common fixed expenses in the company total $97,000 annually. Last year the company produced and sold 42.000 units of Weedban and 18,000 units of Greengrow. Required: Prepare a contribution format income statement...
Format for Req 3 is as follows The Regal Cycle Company manufactures three types of bicycles-a...
Format for Req 3 is as follows
The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow Mountain Dirt Racing Bikes Total Bikes Bikes 920,000 $ 262,000 404,000 254,000 Sales Variable manufacturing and selling expenses Contribution margin 469,000 115,000 197,000 157,000 451,000 147,000 207,000 97,000 Fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of product-line managers Allocated common fixed expenses Total...
Exercise 7-4 Basic Segmented Income Statement (L07-4) Royal Lawncare Company produces and sells two packaged products--Weedban...
Exercise 7-4 Basic Segmented Income Statement (L07-4) Royal Lawncare Company produces and sells two packaged products--Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 10.00 $ 32.00 $ 3.10 $ 13.00 $ 133,000 $ 49,000 Common fixed expenses in the company total $106,000 annually. Last year the company produced and sold 35,500 units of Weedban and 24,500 units of Greengrow....
Assume a company with two divisions (A and B) prepared the following segmented income statement: Sales...
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...
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating...
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $8.00$ 39.00 $2.70 $ 12.00 135,000 42,000 Common fixed expenses in the company total $99,000 annually. Last year the company produced and sold 42,000 units of Weedban and 24,500 units of Greengrow Requirec Prepare a contribution format income statement segmented by product lines. Product...
Shoe Shock Innovations manufactures athletic shoe inserts that cushion the foot and reduce the impact of exercise on the joints. The company has two divisions, Sole Inserts and Heel Inserts. A segmented income statement from last month follows. Sole Inserts Division Heel Inserts Division Total Shoe Shock Sales revenue $499,700 318,000 Less variable expenses $2,533,000 $3,032,700 2,049,000 2,367,000 484,000 665,700 Contribution margin 181,700 Less traceable fixed expenses 124,100 349,700 473,800 Segment margin $57,600 $134,300 191,900 Common fixed costs 174,000 Net...
Jim Coston was reviewing the latest income statement for Trenton Communications. For the second year in a row, the Audio division was showing a negative segment margin, and Jim thought it was time to close the division to increase the company's operating income. The income statement that he examined follows Sales revenue Less variable expenses Contribution margin Less traceable fixed expenses Segment margin Common fixed costs Net operating income Video Audio Division Division Total $5,309,200 $2,861,600 $8,170,800 3,662,900 1,648,200 5,311,100...
Royal Lawncare Company produces and sells two packaged products. Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 11.00 $ 36.00 Variable expenses per unit $ 3.00 $ 14.00 Traceable fixed expenses per year $ 136.000 $ 31.000 Common fixed expenses in the company total $96.000 annually. Last year the company produced and sold 37.000 units of Weedban and 15.500 units of Greengrow. Required: Prepare a contribution format income...
Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow 12.00 $ 32.00 2.50 $ 13.00 $ 131,000 $ 43,000 Common fixed expenses in the company total $96,000 annually. Last year the company produced and sold 41,000 units of Weedban and 15,000 units of Greengrow. Required: Prepare a contribution format income statement segmented...
Income Statements Segmented by Territory Script, Inc., has two product lines. The September income statements of each product line and the company are as follows: SCRIPT, INC. Product Line and Company Income Statements For Month of September Pens Pencils Total Sales $25,000 $30,000 $55,000 Less variable expenses (10,000) (12,000) (22,000) Contribution margin 15,000 18,000 33,000 Less direct fixed expenses (8,000) (6,000) (14,000) Product margin $7,000 $12,000 $19,000 Less common fixed expenses (6,000) Net income $13,000 Pens and pencils are sold...
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrov $ 12.00 $ 37.00 $ 2.80 $ 10.00 $ 137,000 $ 39,000 Common fixed expenses in the company total $97,000 annually. Last year the company produced and sold 42.000 units of Weedban and 18,000 units of Greengrow. Required: Prepare a contribution format income statement...
Format for Req 3 is as follows
The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow Mountain Dirt Racing Bikes Total Bikes Bikes 920,000 $ 262,000 404,000 254,000 Sales Variable manufacturing and selling expenses Contribution margin 469,000 115,000 197,000 157,000 451,000 147,000 207,000 97,000 Fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of product-line managers Allocated common fixed expenses Total...
Exercise 7-4 Basic Segmented Income Statement (L07-4) Royal Lawncare Company produces and sells two packaged products--Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 10.00 $ 32.00 $ 3.10 $ 13.00 $ 133,000 $ 49,000 Common fixed expenses in the company total $106,000 annually. Last year the company produced and sold 35,500 units of Weedban and 24,500 units of Greengrow....
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...
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $8.00$ 39.00 $2.70 $ 12.00 135,000 42,000 Common fixed expenses in the company total $99,000 annually. Last year the company produced and sold 42,000 units of Weedban and 24,500 units of Greengrow Requirec Prepare a contribution format income statement segmented by product lines. Product...
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