(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:
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...
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