Step solution (d)BRISLIN COMPANYCVP Income StatementFor the Quarter Ended March 31, 2024DivisionsIIIIVSales$250,000$500,000$450,000Total$1,200,000Variable costsCost of goods sold140,000240,000187,500567,500Selling and administrative30,00030,00030,00090,000Total variable costs170,000270,000217,500657,500Contribution margin80,000230,000232,500542,500Fixed costsCost of goods sold63,20063,20065,700192,100Selling and administrative49,00034,00024,000107,000Total fixed costs112,20097,20089,700299,100Income (loss) from operations-$32,200$132,800$142,800$243,400Reconcile the total income from operations ($213,000) with the total income from operationswithout Division II.Response:

To reconcile the total income from operations without Division II, we first need to sum the income…

Answered: (d) BRISLIN COMPANY CVP Income…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Members of the board of directors of Security One have received the following operating income data for the year ended May 31, 2018: E (Click the icon to view the operating income data.) Members of the board are surprised that the industrial systems product line is not profitable. They commission a study to determine whether the company should drop the line. Company accountants estimate that dropping industrial systems will decrease fixed cost of goods sold by $82,000 and decrease fixed selling and administrative expenses by $10,000. Read the requirements. Requirement 1. Prepare a differential analysis to show whether Security One should drop the industrial systems product line. (Use parentheses or a minus sign to enter decreases to profits.) in operating income Requirements 1. Prepare a differential analysis to show whether Security One should drop the industrial systems product line. 2. Prepare contribution margin income statements to show Security One's total operating income under…
Security First Income Statement For the Year Ended May 31, 2018 Product Line Industrial Household Systems Systems Total Net Sales Revenue $310,000 $330,000 $640,000 Cost of Goods Sold: Variable 35,000 43,000 78,000 Fixed 240,000 64,000 304,000 Total Cost of Goods Sold 275,000 107,000 382,000 Gross Profit 35,000 223,000 258,000 Selling and Administrative Expenses: Variable 68,000 70,000 138,000 Fixed 40,000 22,000 62,000 Total Selling and Administrative Expenses 108,000 92,000 200,000 Operating Income (Loss) $(73,000) $131,000 $58,000 Members of the board of directors of Security First have received the following operating income data for the year ended may 31, 2018. Requirement 1. Prepare a differential analysis to show whether Security First should…
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The following information is available for Concord Corporation: Total fixed $150000 expenses == Total variable. 320000 expenses Sales Cost of goods sold $570000 370000 A CVP income statement would report O gross profit of $250000, contribution margin of $420000. Ogross profit of $200000. O contribution margin of $250000.
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Copr. Goedl Uplift, Inc. reported the following financial data for the segmented income statements: Sales $125,000 Variable expenses $63,000 Contribution margin $62,000 Total fixed expenses $42,000 Common fixed expenses $15,000 How much are traceable fixed expenses? $83,000 $20,000 $48,000 $27,000 SUBMIT B 4 5 LO 5

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