Sharon's Garden Corporation has two divisions: Bulb Division and Seed Division. The following report is for the most recent operating period. Bulb Division Seed Division Sales $ 258,000 Variable expenses $ 67,080 Traceable fixed expenses$ 146,200 Total common fixed expenses are $51,200. Compute the breakeven in sales dollars for the entire organization. $385,416 $285,157 $430,000 $352,526 O $67,368 $ 172,000 $36,120 $ 70,520
Q: A company adopted the dollar-value LIFO inventory method on January 1, 2024. In applying the LIFO…
A: The inventory can be valued using different methods as FIFO, LIFO and Average method. DVL stands for…
Q: On March 1, 2023, VisionTech Inc.'s board of directors declared a 5% share dividend when the market…
A: STATEMENT OF SHAREHOLDERS EQUITYStatement of Shareholders Equity is also known as Changes in…
Q: chno Incorporated manufactures two models of cameras that can be used as cell phones, MPX, and…
A: Overhead Rate -A cost associated with producing a good or service is called the overhead rate.…
Q: Sheridan Company uses a perpetual inventory system. Its beginning inventory consists of 68 units…
A: Journal Entry :— It is an act of recording transactions in books of account when transaction…
Q: Complete the table showing the paper cost per output pound, coating cost per output pound,…
A: Cost refers to the monetary value that is paid to acquire an asset along with readying it for work.…
Q: Heavy Rocks Company acquires 100% of the stock of Simple Machinery Co. on January 1, 2XX0, for…
A: Consolidation is an activity in which financial statements of a parent and its subsidiary should be…
Q: The owner of the company believes costs are driven primarily by the size of customer lawns, the size…
A: Activity Rate :— It is the rate used to allocate manufacturing overhead cost to cost object under…
Q: Required information [The following information applies to the questions displayed below.] Mason…
A: Assuming the business income allocated to Mason is income from a specified service trade or…
Q: A company's Cash account shows a balance of $3,460 at the end of the month. Comparing the company's…
A: Journal Entry :— It is an act of recording transactions in books of account when transaction…
Q: A company produces wooden tables. The company has fixed costs of $1600, and it costs an additional…
A: Cost volume profit analysis is the technique used by management for decision-making. The methods…
Q: Is this statement true or false and explain your answer
A: While profit margin is an important financial metric that indicates the efficiency of a company in…
Q: WalCo, Incorporated's receivable turnover ratio has been steadily increasing over time. Required: 1.…
A: Accounts Receivable -The amount owed by a business to its clients for products or services purchased…
Q: . Colonels uses a traditional cost system and estimates next year’s overhead will be $480,000, with…
A: The predetermined overhead rate is the estimated cost of manufacturing a product. The predetermined…
Q: Brody Corporation uses a process costing system. Beginning inventory for January consisted of 1,100…
A: Process costing system is used by companies when it produce one or more than one identical product.…
Q: On January 1, 2025, Ivanhoe Animation sold a truck to Oriole Finance for $41,000 and immediately…
A: A lease is an agreement between two parties where the lessor gives the right to use an asset to the…
Q: On January 2, Jones Company paid $33,600 to purchase equipment that has a useful life of 8 years.…
A: The income statement shows the financial position of the company whether the business is making a…
Q: On March 31, 2023, Capital Investment Advisers paid $4,500,000 for land with two buildings on it.…
A: Capital cost refers to the acquisition of any assets such as equipment, land, or building which will…
Q: At Wildhorse Company, there are 1,015 units of ending work in process that are 100% complete as to…
A: Cost of ending work in process is the sum of material cost assigned and conversion cost assigned to…
Q: The largest item of the Deferred Tax Liability for most companies is caused by?
A: Deferred tax liabilityA deferred tax liability is an amount of money that a company expects to pay…
Q: [The following information applies to the questions displayed below.] In Year 1, Company A acquired…
A: In accounting, goodwill is an intangible asset. It is identified as an intangible asset recognized…
Q: The Alpine House, Incorporated, is a large retailer of snow skls. The company assembled the…
A: Using contribution format income statement, the contribution margin is calculated as the difference…
Q: What is the present value of a security that will pay $18,000 in 20 years if securities of equal…
A: The objective of this question is to calculate the present value of a security that will pay $18,000…
Q: Maple Woods Inc. manufactures lounge chairs available in both a luxury and a standard model. The…
A: The predetermined overhead rate is a used in applying overhead costs to products or services. It is…
Q: Carter Company manufactures two products, Deluxe and Regular, and uses a traditional two-stage cost…
A: Introduction:Activity-Based Costing (ABC) is a costing methodology that assigns overhead costs to…
Q: Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders…
A: ACTIVITY BASED COSTINGActivity Based Costing is a Powerful tool for measuring…
Q: Management of Plascencia Corporation is considering whether to purchase a new model 370 machine…
A: Opportunity cost is the amount which is forgone by not investing the amount in next best…
Q: Prepare a schedule of cash payments for operations for January February, and March.
A: The cash collection schedule is prepared to estimate the requirements for the period.The cash…
Q: Marigold Company has the following equivalent units of production for July: materials 23240 and…
A: The following formula used to calculate as follows under:-Cost per equivalent unit = (Beginning cost…
Q: Bolka Corporation, a merchandising company, reported the following results for October: Sales $…
A: Contribution margin is the difference between sales revenue and variable costs. Variable cost is…
Q: An investor is under contract to buy a 2,000,000 square foot fully leased industrial park in…
A: Annual tax depreciation refers to the amount by which an asset's value decreases for tax purposes…
Q: Shannon Company segments its income statement into North and South Divisions. The company's overall…
A: The contribution margin is calculated as the difference between sales and variable costs. The…
Q: Guaranteed payments made by a partnership to partners for services rendered to the partnership, that…
A: The correct answer is C. Both I and II.
Q: Hazelnut Corporation manufactures lawn ornaments. It currently has two product lines, the basic and…
A: An organization's activities are identified using the activity-based costing (ABC) methodology,…
Q: Kunkel Company makes two products and uses a conventional costing system in which a single plantwide…
A: Direct costs are the expenses that are directly used for the production of goods and services for…
Q: Put owned all of the stock of Call when the two corporations were formed a decade ago. The group…
A: When allowable deductions exceed taxable revenue in a given quarter, net operating loss results.…
Q: Rocky Guide Service provides guided 1 to 5 day hiking tours throughout the Rocky Mountains.…
A: Journal entries are made to record the transactions as the first process in the books of accounts…
Q: Weston Products manufactures an industrial cleaning compound that goes through three processing…
A: The equivalent units are calculated on the basis of the percentage of the work completed during the…
Q: Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based…
A: ACTIVITY BASED COSTINGActivity Based Costing is a Powerful tool for measuring…
Q: Pete's Propellers Company showed the following information in its Property, Plant, and Equipment…
A: The cost of an item is spread out equally throughout its "useful life," or how long it will be in…
Q: Calculate the gross and net profits (in $) and the two profit margins (as %s) for the given company.…
A: Gross profit is the excess of revenue over cost of goods sold and net profit is the excess of…
Q: GIVEN: I Decedent - Filipino citizen Died - June 2021 Marriage - April 2013 Survived by - spouse,…
A: In accordance with sec 2001 (a), the estate tax is levied on transfer of estate of decedent who is…
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: Factory overhead is the indirect cost incurred in the process of manufacturing. Therefore, it is…
Q: Problem 12-30 (Algorithmic) (LO. 2, 3) In January of the current year, Wanda transferred machinery…
A: The term tax consequences describes the monetary effects that certain acts and transactions may have…
Q: Required information The Foundational 15 (Algo) [LO6-1, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, LO6-8]…
A: Variable cost Depends upon the production of goods or services that is increment of sales increases…
Q: On January 1, 2024, Select Variety Store adopted the dollar-value LIFO retail inventory method.…
A: Introduction:The Dollar Value LIFO (Last-In, First-Out) retail inventory method is an accounting…
Q: Exercise 3-4A (Algo) Determining variable cost from incomplete cost data LO 3-1 Baird Corporation…
A: Variable costs:Variable costs are the costs that tends to increase or decrease with the changes in…
Q: In its first month of operations, Concord Corporation made three purchases of merchandise in the…
A: The inventory can be valued using various methods as FIFO, LIFO and average method. Using average…
Q: 45) Based on the following information from a business's financial statements, what amount of…
A: Account receivables means the amount due from customer to whom goods has been sold on credit terms.…
Q: You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door…
A: The variance is the difference between the standard and actual cost data. The variance can be…
Q: Munoz Company currently produces and sells 7,400 units annually of a produ costs of $270,400. The…
A: INCOME STATEMENTIncome Statement is one of the Important Financial Statement of the Company. Income…
Step by step
Solved in 3 steps
- Copr. Goedl Uplift, Inc. has two divisional units-Bha and Cha. Total fixed expenses fro the organization are $96,000. Data for the units is presented below: Sales Variable expenses Traceable fixed expenses $45,000 Bha $30,000 $100,000 $70,000 $24,000 Cha $90,000 $45,000 Compute the segment breakeven in sales dollars for Bha. $82,000 $70,000 $41,000 $80,000 SUBMITTherrell Corporation has two divisions: Bulb Division and Seed Division. The following report is for the most recent operating period: Bulb Division Seed Division Sales $ 282,000 $ 188,000 Variable expenses $ 73,320 $ 39,480 Traceable fixed expenses $ 174,440 $ 84,600 Common fixed expense $ 32,640 $ 21,760 The common fixed expenses have been allocated to the divisions on the basis of sales. Required: a. What is the Bulb Division’s break-even in sales dollars? b. What is the Seed Division’s break-even in sales dollars? c. What is the company’s overall break-even in sales dollars? (For all requirements, do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) a.Bulb Division’s break-even in sales dollars b.Seed Division’s break-even in sales dollars c.Company’s overall break-even in sales dollarsClouthier Corporation has two divisions: Home Division and Commercial Division. The following report is for the most recent operating period: Total Company Home Division Commercial Division Sales $ 572, 000 $ 268, 000 $ 304, 000 Variable expenses $ 205, 790 $ 88, 360 $ 117, 430 Traceable fixed expenses $ 203, 000 $ 91, 000 $ 112, 000 The company's common fixed expenses total $62, 700. Required: What is the Home Division's break - even in sales dollars? What is the Commercial Division's break - even in sales dollars? What is the company's overall break - even in sales dollars? Note: Round intermediate calculations to three decimal places.
- Vernon transport company divides its operations into four divisions. A recent statement for its West Division folows Vernon Transport Comapny Wesy division Income Statement for year 3 Revenue $670,000 Salaries for drivers (520,000) Fuel expenses (67,000) Insurance (87,000) Division-level facility- sustaining costs (57,000) Companywide facility-sustaining costs (147,000) Net loss $208,000 Required a) By how much would cormpanywide income increase or decrease if West Division is estimated? Should West Division be eliminated? b) assume that West Division is able to increase its revenue to $760,000 by raising its prices. Determine the amount of the increase or decrease that would occur in companywide net income if the segemnt were eliminated. Should West Division be eliminated if revenue were $760,000? c) What is the mininum amount of revenue required to Jusify continuing the operation of West Divison? Complete this question by entering your answer in the table below. Income Would…Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below: Total Company Division L Division Q Sales $587,000 $172,000 $415,000 Variable expenses 376,090 98,040 278,050 Contribution margin 210,910 73,960 136,950 Traceable fixed expenses 105,290 30,870 74,420 Segment margin 105,620 $ 43,090 $ 62,530 Common fixed expenses 68,550 Net operating income $ 37,070 The break-even in sales dollars for Division Q is closest to:Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below: Total Company Division L Division QSales $ 517,000 $ 156,000 $ 361,000 Variable expenses 255,960 82,680 173,280 Contribution margin 261,040 73,320 187,720 Traceable fixed expenses 171,000 49,000 122,000 Segment margin 90,040 $ 24,320 $ 65,720 Common fixed expenses 87,890 Net operating income $ 2,150 The break-even in sales dollars for Division Q is closest to:
- Forchen, Inc., provided the following information for two of its divisions for last year: Small AppliancesDivision Cleaning ProductsDivision Sales $34,670,000 $31,320,000 Operating income 2,773,600 1,252,800 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required: 1. For the Small Appliances Division, Calculate: A. Average operating assets B. Margin C. Turnover D. ROI 2. For the Cleaning Products Division, calculate: A. Average operating assets B. Margin C. Turnover D. ROI 3. What if operating income for the small appliances division was $2,000,000? How would that affect average operating assets? Margin? Turnover? ROI? Calculate any changed ratios (round to four significant digits).Forchen, Inc., provided the following information for two of its divisions for last year: Small AppliancesDivision Cleaning ProductsDivision Sales $34,670,000 $31,320,000 Operating income 2,773,600 1,252,800 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required: 1. For the Small Appliances Division, Calculate: A. Average operating assets B. Margin C. Turnover D. ROIWyrich Corporation has two divisions: Blue Division and Gold Division. The following report is for the most recent operating period: Total Company Blue Division Gold Division Sales $ 522,000 $ 391,000 $ 131,000 Variable expenses 160,670 89,930 70,740 Contribution margin 361,330 301,070 60,260 Traceable fixed expenses 286,000 239,000 47,000 Segment margin 75,330 $ 62,070 $ 13,260 Common fixed expenses 73,080 Net operating income $ 2,250 The Gold Division's break-even sales is closest to: $102,174 $261,043 $142,043 $518,750
- Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below. Total Company Division L $151,000 92,110 58,890 30,870 Division Q $390,000 195,000 195,000 97,600 $ 97,400 Sales $541,000 287,110 Variable expenses Contribution margin Traceable fixed expenses 253,890 128,470 Segment margin 125,420 $2 3 Common fixed expenses 70,310 Net operating income $ 55,110 The break-even in sales dollars for Division Q is closest to: (Round your Intermedlate calculations to 2 decimal places.) Multiple Cholce $327.250 O $195.20o S335.820 11:05 AM 自 0 W 92°F AQI 61 9/24/2021 here to search DELLForchen, Inc., provided the following information for two of its divisions for last year: Small AppliancesDivision Cleaning ProductsDivision Sales $34,670,000 $31,320,000 Operating income 2,773,600 1,252,800 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required: 2. For the Cleaning Products Division, calculate: A. Average operating assets B. Margin C. Turnover D. ROIBentz Co. has two divisions, A and B. Invested assets and condensed income statement data for each division for the year ended December 31 are as follows: Division A Division B Revenues $190,000 $125,500 Operating expenses 112,500 92,750 Support department allocations 29,500 12,625 Invested assets 225,000 99,000 a. Prepare condensed income statements for the past year for each division. b. Using the DuPont formula, determine the profit margin, investment turnover, and return on investment (ROI) for each division. Round the profit margin percentage to two decimal places, the investment turnover to four decimal places, and the return on investment to one decimal place.