The following data were summarized from the accounting records for South Seas Coast Construction Company for the year ended June 30, 20Y8: Cost of goods sold:     Service department charges:     Commercial Division $551,130     Commercial Division $75,150   Residential Division 280,570     Residential Division 48,600 Administrative expenses:     Sales:     Commercial Division $100,200     Commercial Division $835,040   Residential Division 100,200     Residential Division 501,020 Prepare divisional income statements for South Seas Coast Construction Company. South Seas Coast Construction Company Divisional Income Statements For the Year Ended June 30, 20Y8   Commercial Division Residential Division

= 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…

Divisional Income Statements The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8: Cost of goods sold: Support department allocations: Commercial Division $420,760 Commercial Division $57,380 Residential Division 203,490 Residential Division 35,250 Administrative expenses: Sales: Commercial Division $76,500 Commercial Division $637,510 Residential Division 72,680 Residential Division 363,380 Prepare divisional income statements for Ruiz Industries Inc. Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 20Y8 Commercial Division Residential Division $ $

Effect of Proposals on Divisional Performance A condensed income statement for the Electronics Division of Gihbli Industries Inc. for the year ended December 31 is as follows: Sales $4,160,000 Cost of goods sold 2,884,200 Gross profit $ 1,275,800 Operating expenses 735,000 Income from operations $ 540,800 Invested assets $3,200,000 Assume that the Electronics Division received no charges from service departments. The president of Gihbli Industries Inc. has indicated that the division’s return on a $3,200,000 investment must be increased to at least 20.8% 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 $640,000 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 $115,200. This decrease in expense would be included as part of…

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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 $90,784, and the Purchasing Department had expenses of $31,270 for the year. The following annual data for Residential, Commercial, and Government Contract divisions were obtained from corporate records:   Residential Commercial GovernmentContract Sales $ 654,000   $ 866,000   $ 1,989,000   Number of employees:   Weekly payroll (52 weeks per year) 250   80   85     Monthly payroll 28   39   26   Number of purchase               requisitions per year 2,200   1,600   1,500   a.  Determine the total amount of payroll checks and purchase requisitions processed per year by the company and each division.   Residential Commercial Government Contract…

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 $51,792, and the Purchasing Department had expenses of $22,000 for the year. The following annual data for Residential, Commercial, and Government Contract divisions were obtained from corporate records:   Residential Commercial GovernmentContract Sales $ 460,000   $ 609,000   $ 1,399,000   Number of employees:   Weekly payroll (52 weeks per year) 170   65   70     Monthly payroll 36   47   34   Number of purchase               requisitions per year 2,100   1,500   1,400   a.  Determine the total amount of payroll checks and purchase requisitions processed per year by the company and each division.   Residential Commercial Government Contract…

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…