(d) BRISLIN COMPANY CVP Income Statement For the Quarter Ended March 31, 2024 Divisions III IV Sales $250,000 $500,000 $450,000 Total $1,200,000 Variable costs Cost of goods sold 140,000 240,000 187,500 567,500 Selling and administrative 30,000 30,000 30,000 90,000 Total variable costs 170,000 270,000 217,500 657,500 Contribution margin 80,000 230,000 232,500 542,500 Fixed costs Cost of goods sold 63,200 63,200 65,700 192,100 Selling and administrative 49,000 34,000 24,000 107,000 Total fixed costs 112,200 97,200 89,700 299,100 Income (loss) from operations -$32,200 $132,800 $142,800 $243,400 Reconcile the total income from operations ($213,000) with the total income from operations without Division II. Response:
(d) BRISLIN COMPANY CVP Income Statement For the Quarter Ended March 31, 2024 Divisions III IV Sales $250,000 $500,000 $450,000 Total $1,200,000 Variable costs Cost of goods sold 140,000 240,000 187,500 567,500 Selling and administrative 30,000 30,000 30,000 90,000 Total variable costs 170,000 270,000 217,500 657,500 Contribution margin 80,000 230,000 232,500 542,500 Fixed costs Cost of goods sold 63,200 63,200 65,700 192,100 Selling and administrative 49,000 34,000 24,000 107,000 Total fixed costs 112,200 97,200 89,700 299,100 Income (loss) from operations -$32,200 $132,800 $142,800 $243,400 Reconcile the total income from operations ($213,000) with the total income from operations without Division II. Response:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:(d)
BRISLIN COMPANY
CVP Income Statement
For the Quarter Ended March 31, 2024
Divisions
III
IV
Sales
$250,000
$500,000
$450,000
Total
$1,200,000
Variable costs
Cost of goods sold
140,000
240,000
187,500
567,500
Selling and administrative
30,000
30,000
30,000
90,000
Total variable costs
170,000
270,000
217,500
657,500
Contribution margin
80,000
230,000
232,500
542,500
Fixed costs
Cost of goods sold
63,200
63,200
65,700
192,100
Selling and administrative
49,000
34,000
24,000
107,000
Total fixed costs
112,200
97,200
89,700
299,100
Income (loss) from operations
-$32,200
$132,800
$142,800
$243,400
Reconcile the total income from operations ($213,000) with the total income from operations
without Division II.
Response:
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