Homework Answers
| Electric Guitar Division is: | Kept | Eliminated |
| Sales | 93900 | 0 |
| Expenses: | ||
| Cost of goods sold | 70000 | 0 |
| Direct expenses | 13900 | 2750 |
| Indirect expenses | 2280 | 1750 |
| Service department costs | 13580 | 1580 |
| Total expenses | 99760 | 6080 |
| Net income (loss) | -5860 | -6080 |
| Revenues from electric guitar division | 93900 | |
| Avoidable expenses | 93680 | |
| Revenues
are greater than(less than) avoidable expenses by |
220 | |
| The electric guitar division should be: | Kept |
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A guitar manufacturer is considering eliminating its electric guitar division because its $99,760 expenses are higher t...
A guitar manufacturer is considering eliminating its electric guitar division because its $88,340 expenses are higher t...
A guitar manufacturer is considering eliminating its electric guitar division because its $88,340 expenses are higher than its $81,320 sales. The company reports the following expenses for this division. Unavoidable Avoidable Expenses $ 59,500 9,350 Expenses Cost of goods sold Direct expenses Indirect expenses $2,750 2,000 2,480 860 Service department costs 11,400 Should the division be eliminated? Electric Guitar Division is: Кept Eliminated Sales Expenses: Total expenses Net income (loss) woruoouqooI Revenues from electric guitar division Avoidable expenses Revenues are...
A guitar manufacturer is considering eliminating its electric guitar division because its $102,590 expenses are higher...
A guitar manufacturer is considering eliminating its electric guitar division because its $102,590 expenses are higher than its $95,690 sales. The company reports the following expenses for this division. Unavoidable Expenses Cost of goods sold Direct expenses Indirect expenses Service department costs Avoidable Expenses $74,000 11,850 560 9,000 $2,450 1,800 2,930 Should the division be eliminated? (Any loss amount should be indicated with minus sign.) Kept Eliminated Electric Guitar Division is: Sales Expenses: Direct expenses Indirect expenses Service department costs...
A guitar manufacturer is considering eliminating its electric guitar division because its $86,450 expenses are higher...
A guitar manufacturer is considering eliminating its electric guitar division because its $86,450 expenses are higher than its $80,890 sales. The company reports the following expenses for this division. Unavoidable Expenses Avoidable Expenses $ 60,500 9,850 Cost of goods sold Direct expenses Indirect expenses Service department costs 770 $ 2,650 1,800 1,480 9,400 Should the division be eliminated? (Any loss amount should be indicated with minus sign.) Electric Guitar Division is: Kept Eliminated Sales Expenses: Total expenses Net income (loss)...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. Electric $84,600 46,950 37,650 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Sales $102,900 Cost of goods sold 43,875 Gross profit 59,025 Operating expenses Advertising expense 5,005 Depreciation expense-Equipment 10,130 Salaries expense 20, 300 Supplies expense 2,010 Rent expense 7,025 Utilities expense...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Electric Sales $ 103,400 $ 83,000 Cost of goods sold 43,975 47,250 Gross profit 59,425 35,750 Operating expenses Advertising expense 5,025 4,320 Depreciation expense—equipment 10,090 8,560 Salaries expense 19,400 17,800 Supplies expense 1,980 1,790...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Electric Sales $102.600 $85,000 Cost of goods sold 43,775 47.450 Gross profit 58,825 37,550 Operating expenses Advertising expense 5.015 4,320 Depreciation expense-equipment 10.110 8.580 Salaries expense 19,400 17.400 Supplies expense 1.990 1,790 Rent expense...
Item28 eBook Print References Check my work Check My Work button is now enabledItem 28 Item...
Item28 eBook Print References Check my work Check My Work button is now enabledItem 28 Item 28 A guitar manufacturer is considering eliminating its electric guitar division because its $76,000 expenses are higher than its $72,000 sales. The company reports the following expenses for this division. Avoidable Expenses Unavoidable Expenses Cost of goods sold $ 56,000 Direct expenses 9,250 $ 1,250 Indirect expenses 470 1,600 Service department costs 6,000 1,430 Should the division be eliminated?
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Electric Sales $ 102,100 $ 84,500 Cost of goods sold 45,475 47,050 Gross profit 56,625 37,450 Operating expenses Advertising expense 5,045 4,300 Depreciation expense—Equipment 10,090 8,600 Salaries expense 19,400 17,100 Supplies expense 1,940 1,780...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic $102,500 Electric $83,100 Sales Cost of goods sold Gross profit Operating expenses Advertising expense Depreciation expense-equipment Salaries expense Supplies expense 45,075 57,425 47,050 36,050 4,300 8,520 17,300 1,740 5,950 2,620 40,430 $(4,380) 4,995 10,130...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. Electric $84, 700 46.950 37,750 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Sales $103.300 Cont of goods sold 44,975 Gross profit 58,325 Operating expenses Advertising expense 5,065 Depreciation expense-equipment 10,140 Salarios expense 19,400 Supplies expense 2.010 Rent expense 7.075 Utilities expense...
A guitar manufacturer is considering eliminating its electric guitar division because its $88,340 expenses are higher than its $81,320 sales. The company reports the following expenses for this division. Unavoidable Avoidable Expenses $ 59,500 9,350 Expenses Cost of goods sold Direct expenses Indirect expenses $2,750 2,000 2,480 860 Service department costs 11,400 Should the division be eliminated? Electric Guitar Division is: Кept Eliminated Sales Expenses: Total expenses Net income (loss) woruoouqooI Revenues from electric guitar division Avoidable expenses Revenues are...
A guitar manufacturer is considering eliminating its electric guitar division because its $102,590 expenses are higher than its $95,690 sales. The company reports the following expenses for this division. Unavoidable Expenses Cost of goods sold Direct expenses Indirect expenses Service department costs Avoidable Expenses $74,000 11,850 560 9,000 $2,450 1,800 2,930 Should the division be eliminated? (Any loss amount should be indicated with minus sign.) Kept Eliminated Electric Guitar Division is: Sales Expenses: Direct expenses Indirect expenses Service department costs...
A guitar manufacturer is considering eliminating its electric guitar division because its $86,450 expenses are higher than its $80,890 sales. The company reports the following expenses for this division. Unavoidable Expenses Avoidable Expenses $ 60,500 9,850 Cost of goods sold Direct expenses Indirect expenses Service department costs 770 $ 2,650 1,800 1,480 9,400 Should the division be eliminated? (Any loss amount should be indicated with minus sign.) Electric Guitar Division is: Kept Eliminated Sales Expenses: Total expenses Net income (loss)...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. Electric $84,600 46,950 37,650 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Sales $102,900 Cost of goods sold 43,875 Gross profit 59,025 Operating expenses Advertising expense 5,005 Depreciation expense-Equipment 10,130 Salaries expense 20, 300 Supplies expense 2,010 Rent expense 7,025 Utilities expense...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Electric Sales $102.600 $85,000 Cost of goods sold 43,775 47.450 Gross profit 58,825 37,550 Operating expenses Advertising expense 5.015 4,320 Depreciation expense-equipment 10.110 8.580 Salaries expense 19,400 17.400 Supplies expense 1.990 1,790 Rent expense...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic $102,500 Electric $83,100 Sales Cost of goods sold Gross profit Operating expenses Advertising expense Depreciation expense-equipment Salaries expense Supplies expense 45,075 57,425 47,050 36,050 4,300 8,520 17,300 1,740 5,950 2,620 40,430 $(4,380) 4,995 10,130...
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. Electric $84, 700 46.950 37,750 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Sales $103.300 Cont of goods sold 44,975 Gross profit 58,325 Operating expenses Advertising expense 5,065 Depreciation expense-equipment 10,140 Salarios expense 19,400 Supplies expense 2.010 Rent expense 7.075 Utilities expense...
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