e Item Description Segment Media Networks Segment Parks, Experiences, and Products Segment Entertainment Direct-to-Consumer & International Revenues $28,393 $16,502 $9,636 $16,967 Operating expenses (19,400) (16,600) (7,100) (19,800) Operating income $8,993 $(98) $2,536 $(2,833) Assume the following percentages of total operating expenses for each segment are variable: Segment Percentage of Variable Operating Expenses Media Networks 75% Parks, Experiences, and Products 60% Studio Entertainment 80% Direct-to-Consumer & International 70% Question Content Area a. Prepare a variable costing income statement for The Walt Disney Company by segment. If required, use a minus sign to indicate an operating loss. Round all amounts to the nearest million.
e Item Description Segment Media Networks Segment Parks, Experiences, and Products Segment Entertainment Direct-to-Consumer & International Revenues $28,393 $16,502 $9,636 $16,967 Operating expenses (19,400) (16,600) (7,100) (19,800) Operating income $8,993 $(98) $2,536 $(2,833) Assume the following percentages of total operating expenses for each segment are variable: Segment Percentage of Variable Operating Expenses Media Networks 75% Parks, Experiences, and Products 60% Studio Entertainment 80% Direct-to-Consumer & International 70% Question Content Area a. Prepare a variable costing income statement for The Walt Disney Company by segment. If required, use a minus sign to indicate an operating loss. Round all amounts to the nearest million.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
Line Item Description | Segment Media Networks |
Segment Parks, Experiences, and Products |
Segment Entertainment |
Direct-to-Consumer & International |
---|---|---|---|---|
Revenues | $28,393 | $16,502 | $9,636 | $16,967 |
Operating expenses | (19,400) | (16,600) | (7,100) | (19,800) |
Operating income | $8,993 | $(98) | $2,536 | $(2,833) |
Assume the following percentages of total operating expenses for each segment are variable:
Segment | Percentage of Variable Operating Expenses |
---|---|
Media Networks | 75% |
Parks, Experiences, and Products | 60% |
Studio Entertainment | 80% |
Direct-to-Consumer & International | 70% |
Question Content Area
a. Prepare a variable costing income statement for The Walt Disney Company by segment. If required, use a minus sign to indicate an operating loss. Round all amounts to the nearest million.
Line Item Description | Media Networks |
Parks, Experiences, and Products |
Studio Entertainment |
Direct-to-Consumer & International |
---|---|---|---|---|
|
$- Select - | $- Select - | $- Select - | $- Select - |
|
- Select - | - Select - | - Select - | - Select - |
|
$- Select - | $- Select - | $- Select - | $- Select - |
|
- Select - | - Select - | - Select - | - Select - |
Operating income/loss | $Operating income/loss | $Operating income/loss | $Operating income/loss | $Operating income/loss |
Question Content Area
b. Compute the contribution margin ratio for each segment. Round ratios to the nearest tenth of a percent.
Segment | Contribution Margin Ratio |
---|---|
Media Networks | fill in the blank 1 of 4% |
Parks, Experiences, and Products | fill in the blank 2 of 4% |
Studio Entertainment | fill in the blank 3 of 4% |
Direct-to-Consumer & International | fill in the blank 4 of 4% |
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