The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8: Cost of goods sold: Support department allocations: Commercial Division $3,400,000 Commercial Division $800,000 Residential Division 1,800,000 Residential Division 200,000 Administrative expenses: Sales: Commercial Division $750,000 Commercial Division $6,120,000 Residential Division 375,000 Residential Division 2,850,000 Prepare divisional income statements for Ruiz Industries Inc.
The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8: Cost of goods sold: Support department allocations: Commercial Division $3,400,000 Commercial Division $800,000 Residential Division 1,800,000 Residential Division 200,000 Administrative expenses: Sales: Commercial Division $750,000 Commercial Division $6,120,000 Residential Division 375,000 Residential Division 2,850,000 Prepare divisional income statements for Ruiz Industries Inc.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 14.5.1P
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Divisional Income Statements
The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8:
| Cost of goods sold: | Support department allocations: | |||||
| Commercial Division | $3,400,000 | Commercial Division | $800,000 | |||
| Residential Division | 1,800,000 | Residential Division | 200,000 | |||
| Administrative expenses: | Sales: | |||||
| Commercial Division | $750,000 | Commercial Division | $6,120,000 | |||
| Residential Division | 375,000 | Residential Division | 2,850,000 |
Prepare divisional income statements for Ruiz Industries Inc.
Ruiz Industries Inc.Divisional Income StatementsFor the Year Ended November 30, 20Y8
| Commercial Division | Residential Division | |
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