XSport Sporting Goods Co. operates two divisions—the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 20Y9, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: Sales—Winter Sports Division $10,540,000 Sales—Summer Sports Division 13,650,000 Cost of Goods Sold—Winter Sports Division 6,265,000 Cost of Goods Sold—Summer Sports Division 7,884,000 Sales expense—Winter Sports Division 1,665,000 Sales expense—Summer Sports Division 1,884,000 Administrative Expense—Winter Sports Division 1,020,000 Administrative Expense—Summer Sports Division 1,202,800 Advertising Expense 480,300 Transportation Expense 205,100 Accounts Receivable Collection Expense 120,150 Warehouse Expense 1,146,000   The bases to be used in allocating expenses, together with other essential information, are as follows: A. Advertising expense—incurred at headquarters, charged back to divisions on the basis of usage: Winter Sports Division, $217,900; Summer Sports Division, $262,400. B. Transportation expense—charged back to divisions at a charge rate of $7 per bill of lading: Winter Sports Division, 14,300 bills of lading; Summer Sports Division, 15,000 bills of lading. C. Accounts receivable collection expense—incurred at headquarters, charged back to divisions at a charge rate of $5 per invoice: Winter Sports Division, 9,600 sales invoices; Summer Sports Division, 14,430 sales invoices. D. Warehouse expense—charged back to divisions on the basis of floor space used in storing division products: Winter Sports Division, 90,000 square feet; Summer Sports Division, 101,000 square feet.     Required: 1. Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. (Complete the Supporting Calculations tab first.) A colon (:) will fill in where needed. 2. Provide supporting calculations for service department charges.

= Profit Center Responsibility Reporting Championship Sports Inc. operates two divisions-the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 20Y9, the end of the fiscal year, after all including those for inventories, were recorded and posted: Sales-Winter Sports Division Sales-Summer Sports Division Cost of Goods Sold-Winter Sports Division Cost of Goods Sold-Summer Sports Division Sales Expense-Winter Sports Division Sales Expense-Summer Sports Division Administrative Expense-Winter Sports Division Administrative Expense-Summer Sports Division Advertising Expense Transportation Expense Accounts Receivable Collection Expense Warehouse Expense Sales $29,925,000 33,060,000 17,955,000 19,095,000 5,130,000 4,560,000 Cost of goods sold Gross profit Divisional selling and administrative expenses: 2,992,500 2,935,500 1,091,000 Divisional selling expenses Divisional administrative expenses…

Using the data below for the Ace Guitar Company:     A Region   B Region   Sales $521,500   $968,500   Cost of goods sold 198,200   368,000   Selling expenses 125,200   232,400   Service department expenses         Purchasing       $250,300 Payroll accounting       166,900   Allocate service department expenses proportional to the sales of each region. Determine the divisional income from operations for the A and B regions. For interim calculations, round percentages to one decimal place. A Region $ B Region $

Munabhai

The year-end financial statement of Wando's Vineyards reported Net revenues of $19,425,412 and Cost of goods sold of $7,204,884 in year 2. Note 3 to the financial statements reported that Inventories consisted of:   Year 2 Year 1 Winemaking and packaging materials $899,620 $759,321 Work-in-process 7,297,415 6,664,571 Finished goods 4,970,687 4,271,816 Total inventories $13,167,722 $11,695,708 The inventory turnover for Year 2 was: Select one: a. 0.62 b. 0.55 c. 0.58 d. None of these are correct. e. 1.56

Service Department Charges In divisional income statements prepared for Demopolis Company, the Payroll Department costs are charged back to user divisions on the basis of the number of payroll distributions, and the Purchasing Department costs are charged back on the basis of the number of purchase requisitions. The Payroll Department had expenses of $77,376, and the Purchasing Department had expenses of $39,530 for the year. The following annual data for Residential, Commercial, and Government Contract divisions were obtained from corporate records:   Residential Commercial GovernmentContract Sales $ 826,000   $ 1,095,000   $ 2,514,000   Number of employees:   Weekly payroll (52 weeks per year) 220   60   65     Monthly payroll 36   47   34   Number of purchase               requisitions per year 2,800   2,000   1,900   a.  Determine the total amount of payroll checks and purchase requisitions processed per year by the company and each division.   Residential…