10. Chicken Wings Company reports operating profits as to industry segments in its supplementary financial information annually. The following information is available for 2021 as to the sales and traceable cost, respectively: • Segment 1- P750,000; P450,000 • Segment 2- P500,000; P225,000 • Segment 3- P250,000; P125,000 Additional expense not included above are as follows: • Indirect operating expense- P240,000 • General corporate expense- P180,000 • Interest expense- P96,000 Chicken Wings allocates common costs based on the ratio of segment’s sales to total sales. What would be the operating profit of Segment 1?

10. Chicken Wings Company reports operating profits as to industry segments in its supplementary financial information annually. The following information is available for 2021 as to the sales and traceable cost, respectively: • Segment 1- P750,000; P450,000 • Segment 2- P500,000; P225,000 • Segment 3- P250,000; P125,000 Additional expense not included above are as follows: • Indirect operating expense- P240,000 • General corporate expense- P180,000 • Interest expense- P96,000 Chicken Wings allocates common costs based on the ratio of segment’s sales to total sales. What would be the operating profit of Segment 1?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.2.2P

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