Question 2:TotalSales$3,599,100Cost of goods sold $1,619,156Gross Margin$1,979,944Other ExpensesSelling ExpensesAdmin ExpensesTotal OtherExpensesNet Profit (loss)$41,500$70,000O$111,500$1,868,444Department Departmenta$12,000$19,449b$31,449$370,951C.Department d?d. What is your net profit for the total organization?Department$1,000,000$678,000$921,000$1,000,100$597,600.0 $224,100.0 $382,311.0 $415,145.0$402,400$453,900$538,689$584,955$8,000$13,187$21,187C$9,000$17,913a. Using full cost analysis, what is the net profit or loss for Department b?b. Net profit or loss for Department c?$26,913Departmentd$12,500$19,451$31,951

You must evaluate the gross margin and remove the total other expenditures for each department to…

Question 2: Total Sales $3,599,100 Cost of goods sold $1,619,156 Gross Margin $1,979,944 Other Expenses Selling Expenses Admin Expenses Total Other Expenses Net Profit (loss) $41,500 $70,000 $111,500 $1,868,444 Department Department a $1,000,000 $597,600.0 $402,400 $12,000 $19,449 $31,449 $370,951 b Department $8,000 $13,187 $21,187 с Department $678,000 $921,000 $1,000,100 $224,100.0 $382,311.0 $415,145.0 $453,900 $538,689 $584,955 $9,000 $17,913 $26,913 d $12,500 $19,451 $31,951

Question 2: Total Sales $3,599,100 Cost of goods sold $1,619,156 Gross Margin $1,979,944 Other Expenses Selling Expenses Admin Expenses Total Other Expenses Net Profit (loss) $41,500 $70,000 $111,500 $1,868,444 Department Department a $1,000,000 $597,600.0 $402,400 $12,000 $19,449 $31,449 $370,951 b Department $8,000 $13,187 $21,187 с Department $678,000 $921,000 $1,000,100 $224,100.0 $382,311.0 $415,145.0 $453,900 $538,689 $584,955 $9,000 $17,913 $26,913 d $12,500 $19,451 $31,951

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

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