Igloo corporation operates two stores A and B. the following relates to store B; Sales revenue 87,000 variable operating expenses 39,000 fixed expenses traceable to b and controllable by B 5,000 traceable to b and controllabe by others 22,000 The profit margin controllable by store B's manager os:
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Igloo corporation operates two stores A and B. the following relates to store B;
Sales revenue 87,000
variable operating expenses 39,000
fixed expenses
traceable to b and controllable by B 5,000
traceable to b and controllabe by others 22,000
The profit margin controllable by store B's manager os:
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- Pepper Depanment store aliocates ns service department espenses to s various operating sales) departments The folowing dats is avaitable for ts service departments Expense Dasts for allecation ADunt Rent Square feet of flnor space $47,000 47,000 62, 00 Advertising Amount of dollar sales Adainistrative Number of enployees The following information s aveitable for mu three opeating tuale departments Number of Department Square Feet 5,400 8, 100 13,500 Dollar Seles $ 302,000 $ 453, 00 S 755, 000 enployees 15 Totals 27,000 $3,510,000 What as the total expense allocated to Deparnment B Mutiple Choice $32.000 $42065 O s400 $42500 $40.000Livro Company has three operating segments with the following information: Books Calendars Bags Sales to outsiders $12000 $9000 $8000 Inter segment transfers 1000 500 1500 In addition, corporate headquarters generates revenues of $2,000.What is the minimum amount of revenue that each of these segments must generate to be considered separately reportable? Choose the correct.a. $2,900b. $3,200c. $3,300d. $3,400Lucia Company has two service departments: Office and Purchasing. Total expenses for the Office is $25,000 and for Purchasing is $56,200. Expenses for the Office are allocated to operating departments based on sales. Expenses for Purchasing are allocated to operating departments based on purchase orders. Department Sales Purchase Orders Books $ 186,200 546 Magazines 95,000 364 Newspapers 98,800 390 Total $ 380,000 1,300 Allocate the expenses from (a) the Office and (b) Purchasing to each of the company's three operating departments using the given information.
- The following data are taken from the management accounting reports of Dulcimer Co.: Div. A Div. B Div. C Income from operations $1,900,000 $1,450,000 $1,450,000 Total service department charges 1,700,000 1,050,000 1,100,000 If an incentive bonus is paid to the manager who achieved the highest income from operations before service department charges, it follows that a. Divisions B and C's managers divide the bonus b. Division B's manager is given the bonus c. Division A's manager is given the bonus d. Division C's manager is given the bonus When management seeks to achieve personal departmental objectives that may work to the detriment of the entire company, the manager is experiencing a. budgetary slack b. cushions c. padding d. goal conflict The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. Product Number ofUnits Labor…Lucia Company has two service departments: Office and Purchasing. Total expenses for the Office is $60,100 and for Purchasing is $43,000. Expenses for the Office are allocated to operating departments based on sales. Expenses for Purchasing are allocated to operating departments based on purchase orders. Purchase Orders 984 648 768 Department Вooks Sales $ 163,800 97,500 128,700 $ 390,000 Magazines Newspapers Total 2,400 Allocate the expenses from (a) the Office and (b) Purchasing to each of the company's three operating departments using the given information. Cost to be Allocated Office Allocation Base Percent of Allocation Base Allocated Cost Department Numerator Denominator % of Total Вooks Magazines Newspapers Totals Purchasing Cost to be Allocated Allocation Base Percent of Allocation Base Allocated Cost Department Numerator Denominator % of Total Вooks Magazines Newspapers TotalsRundle Corporation operates three investment centers. The following financial statements apply to the investment center named Bowman Division. Sales revenue Cost of goods sold Gross margin Operating expenses Selling expenses Depreciation expense Operating income Nonoperating item. Loss on sale of land Net income BOWMAN DIVISION Income Statement For the Year Ended December 31, Year 2 Total assets Assets Cash Accounts receivable Merchandise inventory Equipment less accumulated depreciation Nonoperating assets Liabilities BOWMAN DIVISION Balance Sheet As of December 31, Year 2 Accounts payable Notes payable Stockholders' equity Common stock Retained earnings Total liabilities and stockholders' equity Required Required C Required D Required E ROI $ 106,780 58,475 48,305 (2,720) (4,045) 41,540 Complete this question by entering your answers in the tabs below. %6 (4,900) $36,640 c. Calculate the ROI for Bowman. d. Rundle has a desired ROI of 11 percent. Headquarters has $86,000 of funds to…
- Moreno Company operates a branch in Rizal. There are shipments in transit from the home office to the branch. The home office ships merchandise to the branch at 125% of the cost in 20x1. Profit and loss data for the home office and the branch for 20x1 follows: Sales Purchases from outsiders Shipment to branch (at cost) Billing price to branch Expenses Inventories, January 1, 20x1 Home office: Acquired from outsiders, at cost Branch: Acquired from outsiders, at cost Acquired from the home office at a billed price (20% above cost) Inventories, December 31, 20x1 Home office: Acquired from outsiders, at cost Branch: Acquired from outsiders, at cost Acquired from the home office at a billed price in 20x1 (physical count) REQUIRED: 1. Merchandise in transit 2. Combined cost of goods sold 3. Realized markup 4. True branch net income Home Office P500,000 400,000 60,000 80,000 160,000 110,000 Branch P150,000 30,000 65,000 20,000 15,000 48,000 11,000 42,000Wayne, Inc. has four operating segments with the following information: Tables Bookcases Cabinets Chairs Sales to outsiders $ 2,600,000 $ 3,200,000 $ 5,350,000 $ 1,780,000 Intersegment transfer $ 380,000 $ 0 $ 125,000 $ 117,000 Segment expenses $ 1,900,000 $ 2,200,000 $ 4,480,000 $ 2,174,000 Segment assets $ 10,800,000 $ 12,000,000 $ 18,000,000 $ 3,500,000 Which operating segments are separately reportable under the revenue test?Nottage Company has four separate operating segments:What revenue amount must one customer generate before it must be identified as a major customer?a. $39,600b. $42,200c. $46,500d. $49,200
- 22. Nottage Company has four separate operating segments: East North West South Sales to Outsiders 188,000 126,000 65,000 43,000 Intersegment Transfer 16,000 6,000 13,000 8,000 What revenue amount must one customer generate before it must be identified as a major customer? a. $39,600 b.$42,200 c.$46,500 d.$49,200Prepare a single-step income statement for a computer sales and equipment rental company. ACCOUNT BALANCE Sales $ 6,110,760 Interest Expense 1,550 Administrative Expense 10,500 Cost of Merchandise Sold 3,550,000 Advertising Expense 3,500 Rent Revenue 24,000 Merchandise Inventory 7,000,000 Utilities Expense 4,500Pink Company operates a store with two departments: Videos and Music. Information about those departments follows: Videos Music Sales $370,500 $279,500 Cost of Goods Sold 320,000 175,000 Operating Expenses: Salaries 35,000 25,000 Maintenance 12,000 10,000 Utilities 5,000 4,500 Insurance 4,200 3,700 The company also incurred the following service department charges: Advertising $15,000 Salaries 27,000 Office Expenses 3,200 Service department charges are allocated to the departments as follows: advertising on the basis of sales; salaries on the basis of number of employees; and office expenses on the basis of square footage. Additional information about the departments follows: Department Square Footage Number of Employees Videos 5,000 3 Music 3,000 2 Directions: Use the above information to prepare a Divisional Income Statement for Pink Company for the year ended December 31, 2019.