Segmented Income StatementKraft Bowlen owns two sports franchises-the Bladers (a hockey team) and the Ballers (a basketball team). The following information was provided for the coming year.BladersBallersSales$80,000,000$180,000,000Variable cost of goods sold10,000,00030,000,000Direct fixed overhead20,000,000100,000,000A sales commission of 5% of sales revenue is paid for each of the two sports franchises. Direct fixed selling and administrative expense was estimated to be $4,000,000for the Bladers franchise and $10,000,000 for the Ballers franchise.Common fixed overhead associated with owning the franchises was estimated to be $18,000,000; common selling and administrative expense was estimated to be$8,000,000.Required:Prepare a segmented income statement for Kraft Bowlen for the coming year, using variable costing.Note: Enter all amounts as positive numbers except operating loss, if applicable.Kraft BowlenSegmented Income StatementFor the Coming YearBladersBallersTotalLess variable expenses:Contribution marginLess direct fixed expenses: Réquiréd:Prepare a segmented income statement for Kraft Bowlen for the coming year, using variable costing.Note: Enter all amounts as positive numbers except operating loss, if applicable.Kraft BowlenSegmented Income StatementFor the Coming YearBladersBallersTotalLess variable expenses:Contribution marginLess direct fixed expenses:Segment marginLess common fixed expenses:

Formula: Contribution margin = sales - variable cost Deduction of variable cost from sales value…

ft Bowlen owns two sports franchises-the Bladers (a hockey team) and the Ballers (a basketball team). The following information was provide Bladers Ballers es $80,000,000 $180,000,000 iable cost of goods sold 10,000,000 30,000,000 ect fixed overhead 20,000,000 100,000,000 ales commission of 5% of sales revenue is paid for each of the two sports franchises. Direct fixed selling and administrative expense was estim the Bladers franchise and $10,000,000 for the Ballers franchise. nmon fixed overhead associated with owning the franchises was estimated to be $18,000,000; common selling and administrative expense wa p00,000. quired: pare a segmented income statement for Kraft Bowlen for the coming year, using variable costing. e: Enter all amounts as positive numbers except operating loss, if applicable.

ft Bowlen owns two sports franchises-the Bladers (a hockey team) and the Ballers (a basketball team). The following information was provide Bladers Ballers es $80,000,000 $180,000,000 iable cost of goods sold 10,000,000 30,000,000 ect fixed overhead 20,000,000 100,000,000 ales commission of 5% of sales revenue is paid for each of the two sports franchises. Direct fixed selling and administrative expense was estim the Bladers franchise and $10,000,000 for the Ballers franchise. nmon fixed overhead associated with owning the franchises was estimated to be $18,000,000; common selling and administrative expense wa p00,000. quired: pare a segmented income statement for Kraft Bowlen for the coming year, using variable costing. e: Enter all amounts as positive numbers except operating loss, if applicable.

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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