Direct fixed cost contro the period just ended: Contribution margin Period expenses: Manager's salary Depreciation expense Allocated administrative costs25.000 Profit center #1 income Of the foregoing, in all likelihood, Mr. Iglesias controls P350.000 P100,000 40,000 165.000 P185.000 C. P100,000 D. P350,000 A. P165.000 В. P185.000 20. The following is a summarized income statement of CoolKid Co.'s profit cent No. 44 for March: Contribution margin Period expenses: P70,000 Manager's salary Facility depreciation Corporate expense allocation Profit center income P20,000 8.000 (33,000) P37.000 5,000 hich of the following amounts is most likely subject to the control of the çenter's manager? P70.000 P50,000 A. С. Р37,000 D. P33,000 В.
Direct fixed cost contro the period just ended: Contribution margin Period expenses: Manager's salary Depreciation expense Allocated administrative costs25.000 Profit center #1 income Of the foregoing, in all likelihood, Mr. Iglesias controls P350.000 P100,000 40,000 165.000 P185.000 C. P100,000 D. P350,000 A. P165.000 В. P185.000 20. The following is a summarized income statement of CoolKid Co.'s profit cent No. 44 for March: Contribution margin Period expenses: P70,000 Manager's salary Facility depreciation Corporate expense allocation Profit center income P20,000 8.000 (33,000) P37.000 5,000 hich of the following amounts is most likely subject to the control of the çenter's manager? P70.000 P50,000 A. С. Р37,000 D. P33,000 В.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Direct fixed cost controllable by of
the period just ended:
Contribution margin
Period expenses:
Manager's salary
Depreciation expense
Allocated administrative costs25.000
Profit center #1 income
Of the foregoing, in all likelihood, Mr. Iglesias controls
P350.000
P100,000
40,000
165,000
P185.000
C. P100,000
A.
P165.000
В.
P185.000
D. P350,000
20. The following is a summarized income statement of CoolKid Co.'s profit cente
No. 44 for March:
Contribution margin
P70,000
Period expenses:
Manager's salary
Facility depreciation
Corporate expense allocation
Profit center income
P20.000
8.000
5,000
(33,000)
P37.000
Which of the following amounts is most likely subject to the control of the p
center's manager?
А.
P70.000
C. P37,000
D. P33,000
В.
P50,000
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education