Homework Answers
Calculation of % of fixed cost
| I | III | IV | |
| Cost of good sold | 100-71%=29% | 100-81%= 19% | 100-73%=27% |
| selling and administrative | 100-37%=63% | 100-49%=51% | 100-58%= 42% |
Allocation of unavoidable fixed cost from division II:
| I | III | IV | |
| Cost of good sold (8550) | 8550*1/3= 2850 | 2850 | 2850 |
| selling and administrative (10725) | 10725*1/3= 3575 | 3575 | 3575 |
Fixed cost for remaining division including allocation:
| I | III | IV | |
| Cost of good sold |
[204000*29%]+2850 59160+2850 62010 |
[297000*19%]+2850 56430+2850 59280 |
[246000*27%]+2850 66420+2850 69270 |
| selling and administrative |
[76600*63%]+3575 51833 |
[56000*51%]+3575 28560+3575 32135 |
[52000*42%]+3575 25415 |
| Total fixed cost | 113843 | 91415 | 94685 |
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Problem 12-5 Total fixed expenses 019.279 Income (loss) from operations 1-46,000 -19,275 Your answer is correct....
*Problem 12-5 Sarasota Company has four operating divisions. During the first quarter of 2017, the company...
*Problem 12-5 Sarasota Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from certions Division Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations $250,000 204,000 76,600 3 (30,600) $199,000 190,000 55,000 $ (46,000) $499,000 297,000 56,000 $146,000 $443,000 246,000 52.000 $145,000 Analysis reveals the following percentages of variable costs in each division I Cost of goods sold Selling and administrative expenses 71% 37 II 91 61 TV 73%...
Problem 12-5 Riverbed Company has four operating divisions. During the first quarter of 2017, the company...
Problem 12-5 Riverbed Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operations of $191,000 and the following divisional res I results. Division II III IV Sales $250,000 $198,000 $496,000 $443,000 Cost of goods sold 205,000 190,000 297,000 255,000 Selling and administrative expenses 70,000 64,000 61,000 54,000 $ (25,000) Income (loss) from operations $ (56,000) $134,000 $138,000 Analysis reveals the following percentages of variable costs in each division. II III IV 89...
Pina Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from...
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...
Problem 7-5 (Part Level Submission) Riverbed Company has four operating divisions. During the first quarter of...
Problem 7-5 (Part Level Submission) Riverbed Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operations of $191,000 and the following divisional results. Division Sales Cost of goods sold Selling and administrative expenses income (loss) from operations $250,000 205,000 70.000 (25,000) $199,000 190,000 64,000 (56,000) $496,000 297,000 61.000 $138,000 $443,000 255,000 $4.000 $134,000 Analysis reveals the following percentages of variable costs in each division. I 69% 37 Cost of goods sold Selling...
Pina Company has four operating divisions. During the first quarter of 2017, the company reported aggregate...
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...
Culver Company has four operating divisinns. During the first quarter of 2017, the company reported aggregate...
Culver Company has four operating divisinns. During the first quarter of 2017, the company reported aggregate income from operations of $205,100 and the following divisional results. II Division III $199,000 $499,000 191,000 298,000 63,000 63,000 S (56,000) $138,000 $750,000 198,000 74,900 S (22,900) Cost of goods sold Selling and administrative expenses Income (lees) frur operations IV $446,000 254,000 46,0IDD $146,00D Analysis reveals the following percentages of variable costs in each division. Cost of goods sold Selling and administrative expenses I...
Problem 7-5 (Part Level Submission) Pina Company has four operating divisions. During the first quarter of 2...
Problem 7-5 (Part Level Submission)
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.
Division
I
II
III
IV
Sales
$254,000
$199,000
$501,000
$443,000
Cost of goods sold
204,000
190,000
301,000
247,000
Selling and administrative expenses
69,700
61,000
57,000
55,000
Income (loss) from operations
$ (19,700)
$ (52,000)
$143,000
$141,000
Analysis reveals the following percentages of variable costs in
each division.
I
II...
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...
Problem 7-5 (Part Level Submission) Pina Company has four operating divisions. During the first quarter of...
Problem 7-5 (Part Level Submission)
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.
Division
I
II
III
IV
Sales
$254,000
$199,000
$501,000
$443,000
Cost of goods sold
204,000
190,000
301,000
247,000
Selling and administrative expenses
69,700
61,000
57,000
55,000
Income (loss) from operations
$ (19,700)
$ (52,000)
$143,000
$141,000
Analysis reveals the following percentages of variable costs in
each division.
I
II...
B) Prepare an incremental analysis concerning the possible discontinuance of Division I. (Round a...
B) Prepare an
incremental analysis concerning the possible discontinuance of
Division I. (Round answers to 0 decimal
places, e.g. 1525. Enter negative amounts using either a negative
sign preceding the number e.g. -45 or parentheses e.g.
(45).)
C)Prepare an incremental analysis
concerning the possible discontinuance of Division II.
(Round answers to 0 decimal places, e.g. 1525.
Enter negative amounts using either a negative sign preceding the
number e.g. -45 or parentheses e.g. (45).)
D) Prepare a columnar condensed income
statement...
*Problem 12-5 Sarasota Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from certions Division Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations $250,000 204,000 76,600 3 (30,600) $199,000 190,000 55,000 $ (46,000) $499,000 297,000 56,000 $146,000 $443,000 246,000 52.000 $145,000 Analysis reveals the following percentages of variable costs in each division I Cost of goods sold Selling and administrative expenses 71% 37 II 91 61 TV 73%...
Problem 12-5 Riverbed Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operations of $191,000 and the following divisional res I results. Division II III IV Sales $250,000 $198,000 $496,000 $443,000 Cost of goods sold 205,000 190,000 297,000 255,000 Selling and administrative expenses 70,000 64,000 61,000 54,000 $ (25,000) Income (loss) from operations $ (56,000) $134,000 $138,000 Analysis reveals the following percentages of variable costs in each division. II III IV 89...
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...
Problem 7-5 (Part Level Submission) Riverbed Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operations of $191,000 and the following divisional results. Division Sales Cost of goods sold Selling and administrative expenses income (loss) from operations $250,000 205,000 70.000 (25,000) $199,000 190,000 64,000 (56,000) $496,000 297,000 61.000 $138,000 $443,000 255,000 $4.000 $134,000 Analysis reveals the following percentages of variable costs in each division. I 69% 37 Cost of goods sold Selling...
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...
Culver Company has four operating divisinns. During the first quarter of 2017, the company reported aggregate income from operations of $205,100 and the following divisional results. II Division III $199,000 $499,000 191,000 298,000 63,000 63,000 S (56,000) $138,000 $750,000 198,000 74,900 S (22,900) Cost of goods sold Selling and administrative expenses Income (lees) frur operations IV $446,000 254,000 46,0IDD $146,00D Analysis reveals the following percentages of variable costs in each division. Cost of goods sold Selling and administrative expenses I...
Problem 7-5 (Part Level Submission)
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.
Division
I
II
III
IV
Sales
$254,000
$199,000
$501,000
$443,000
Cost of goods sold
204,000
190,000
301,000
247,000
Selling and administrative expenses
69,700
61,000
57,000
55,000
Income (loss) from operations
$ (19,700)
$ (52,000)
$143,000
$141,000
Analysis reveals the following percentages of variable costs in
each division.
I
II...
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...
Problem 7-5 (Part Level Submission)
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.
Division
I
II
III
IV
Sales
$254,000
$199,000
$501,000
$443,000
Cost of goods sold
204,000
190,000
301,000
247,000
Selling and administrative expenses
69,700
61,000
57,000
55,000
Income (loss) from operations
$ (19,700)
$ (52,000)
$143,000
$141,000
Analysis reveals the following percentages of variable costs in
each division.
I
II...
B) Prepare an
incremental analysis concerning the possible discontinuance of
Division I. (Round answers to 0 decimal
places, e.g. 1525. Enter negative amounts using either a negative
sign preceding the number e.g. -45 or parentheses e.g.
(45).)
C)Prepare an incremental analysis
concerning the possible discontinuance of Division II.
(Round answers to 0 decimal places, e.g. 1525.
Enter negative amounts using either a negative sign preceding the
number e.g. -45 or parentheses e.g. (45).)
D) Prepare a columnar condensed income
statement...
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