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

Data for January for Bondi Corporation and its two major business segments, North and South, appear below. Sales revenues, North Variable expenses, North Traceable fixed expenses, North Sales revenues, South Variable expenses, South Traceable fixed expenses, South $ 620,000 $ 359,700 $ 74,100 $ 478,400 $ 273,000 $ 61,900 In addition, common fixed expenses totaled $167,800 and were allocated as follows: $87,100 to the North business segment and $80,700 to the South business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is:

Divisional Income Statements with Support Department Allocations Horton Technology has two divisions, Consumer and Commercial, and two corporate support departments, Tech Services and Purchasing. The corporate expenses for the year ended December 31, 20Y7, are as follows: Tech Services Department $905,200 Purchasing Department 380,000 Other corporate administrative expenses 553,000 Total expense $1,838,200 The other corporate administrative expenses include officers’ salaries and other expenses required by the corporation. The Tech Services Department allocates costs to the divisions based on the number of computers in the department, and the Purchasing Department allocates costs to the divisions based on the number of purchase orders for each department. The services used by the two divisions are as follows:   Tech Services Purchasing Consumer Division 450 computers 5,300 purchase orders Commercial Division 280   9,900       Total 730 computers 15,200 purchase…

Presented below are certain operating data for the four departments of Tally Manufacturing Company.     Service Production   1 2 1 2 Total manufacturing overhead costs either identifiable with or allocated to each department $72,000 $86,400 $108,000 $117,600 Square feet of factory floor space     48,000 96,000 Number of factory workers     110 70 Planned direct labor hours for the year     24,000 36,000 Allocate, to the two production departments, the costs of service departments 1 and 2, using factory floor space and number of workers, respectively, as bases. Do not round bases when calculating reallocations of service departments.     Production   1 2 Identifiable and allocated overhead Answer   Answer   Reallocation of service departments:     Dept. 1 Factory floor space Answer   Answer   Dept. 2 Number of factory workers Answer   Answer   Total manufacturing overhead Answer   Answer     What is the apparent…

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office exApenses are alocated to the tavo opertng cene different allocatlon bases. The following Information is avallable for the current period: Office Expenses Salaries Total Allocation Basis Number of employees 44,000 Depreciation Advertising 21,000 Cost of goods Bold 44,000 Percentage of total sales Department Drilling Grinding Number of employees Sales Cost of goods sold 900 $ 350,000 $ 91,200 2,100 525,000 148,800 Total 3,000 $ 875,000 $ 240,000 The amount of depreciation that should be allocated to Drilling for the current period is: Multiple Choice $7,980. $13,020. $21,000. 8 of 25

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A condensed income statement for the Electronics Division of Gihbli Industries Inc. for the year ended December 31 is as follows: Sales $2,340,000 Cost of goods sold 1,788,000 Gross profit $ 552,000 Operating expenses 318,000 Income from operations $ 234,000 Invested assets $1,800,000 Assume that the Electronics Division received no cost allocations from service departments. The president of Gihbli Industries Inc. has indicated that the division’s return on a $1,800,000 investment must be increased to at least 15% by the end of the next year if operations are to continue. The division manager is considering the following three proposals: Proposal 1: Transfer equipment with a book value of $360,000 to other divisions at no gain or loss and lease similar equipment. The annual lease payments would be less than the amount of depreciation expense on the old equipment by $64,800. This decrease in expense would be included as part of the cost of goods sold. Sales would remain…

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If a company recorded the following transaction-paid $150,000 of salaries and wages in cash (of which $80,000 was direct labor, $40,000 was indirect labor, and $30,000 was related to employees responsible for selling and which of the administration)-then following statements is true? Multiple Choice The Work in Process account would increase by $40,000. The Retained Earnings account would decrease by $40,000. The Work in Process account would increase $30,000. The Retained Earnings account would decrease by $30,000.

The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31:     Rails   Division   Locomotive   Division     Corporate   Total Cost of goods sold $45,400     $28,200       Direct operating expenses 27,600     22,400       Sales 99,800     66,800       Interest expense     $2,000     General overhead     18,100     Income tax     4,200     The gross profit for the Locomotive Division is