Barb Corporation discloses supplementary operating segment information for its two reportable segments. Data for 2020 are available as follows: Segment EF Segment WX Sales $750,000 $250,000 Traceable operating expenses 325,000 130,000 Additional 2020 expenses related to Indirect Operating Expenses of $120,000. Appropriately selected common indirect operating expenses are allocated to segments based on the ratio of each segment’s sales to total sales. The 2020 operating profit for Segment EF was ______________. A. $260,000 B. $335,000 C. $395,000 D. $425,000
Barb Corporation discloses supplementary operating segment information for its two reportable segments. Data for 2020 are available as follows: Segment EF Segment WX Sales $750,000 $250,000 Traceable operating expenses 325,000 130,000 Additional 2020 expenses related to Indirect Operating Expenses of $120,000. Appropriately selected common indirect operating expenses are allocated to segments based on the ratio of each segment’s sales to total sales. The 2020 operating profit for Segment EF was ______________. A. $260,000 B. $335,000 C. $395,000 D. $425,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Barb Corporation discloses supplementary operating segment information for its two reportable
segments. Data for 2020 are available as follows:
Segment EF Segment WX
Sales $750,000 $250,000
Traceable operating expenses 325,000 130,000
Additional 2020 expenses related to Indirect Operating Expenses of $120,000.
Appropriately selected common indirect operating expenses are allocated to segments based on the
ratio of each segment’s sales to total sales. The 2020 operating profit for Segment EF was ______________.
A. $260,000
B. $335,000
C. $395,000
D. $425,000
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