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- Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.Required information [The following information applies to the questions displayed below.] A manufacturer reports the following for two of its divisions for a recent month. Average assets Sales Income Beverage Division Residual income $ 8,400 3,510 906 Cheese Division Assume that each of the company's divisions has a target income at 7% of average assets. Compute residual income for each division. Beverage $ 15,100 5,680 1,310 CheeseUse the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] A manufacturer reports the following for two of its divisions for a recent month. Cheese Division $ 14,800 5,640 1,280 Beverage Division Average assets Sales Income $ 8,200 3,480 888 Exercise 22-13 (Algo) Residual income LO A1 Assume that each of the company's divisions has a target income at 7% of average assets. Compute residual income for each division. Target Income Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income
- Perry Company has three divisions: R,S, and T. Division R's income statement shows the following for the year ended December 31: Sales $1,000,000; Cost of Goods Sold $(800,000); Gross Profit $$200,000; Selling expenses $100,000; Administrative Expenses $250,000; Net Loss $(150,000) Cost of Goods sold is at 75 percent variable and 25 percent fixed. Of the fixed costs, 60 percent are avoidable if the division is closed. All of the selling expenses related to the division would be eliminated if Division R were eliminated. Of the administrative expenses, 90 percent are applied from corporate costs. If Division R were eliminated, Perry's income would: a) increase by $150,000; b) decrease by $75,000; c) decrease by $155,000; d) decrease by $215,000[The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year. Beverage Cheese ($ millions) Division Division Invested assets, beginning Invested assets, ending $2,676 2,600 2,688 $4,469 4,407 3,932 641 Sales Operating income 356 Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each division. (Enter your answers in millions.) ($ millions) Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual incomeForchen, Inc., provided the following information for two of its divisions for last year: Small AppliancesDivision Cleaning ProductsDivision Sales $34,670,000 $31,320,000 Operating income 2,773,600 1,252,800 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required: 1. For the Small Appliances Division, Calculate: A. Average operating assets B. Margin C. Turnover D. ROI 2. For the Cleaning Products Division, calculate: A. Average operating assets B. Margin C. Turnover D. ROI 3. What if operating income for the small appliances division was $2,000,000? How would that affect average operating assets? Margin? Turnover? ROI? Calculate any changed ratios (round to four significant digits).
- Forchen, Inc., provided the following information for two of its divisions for last year: Small AppliancesDivision Cleaning ProductsDivision Sales $34,670,000 $31,320,000 Operating income 2,773,600 1,252,800 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required: 1. For the Small Appliances Division, Calculate: A. Average operating assets B. Margin C. Turnover D. ROIA food manufacturer reports the following for two of its divisions for a recent year. ($ millions) Beverage Division Cheese Division Invested assets, beginning $ 2,664 $ 4,457 Invested assets, ending 2,594 4,401 Sales 2,682 3,926 Operating income 350 635 Assume that each of the company’s divisions has a required rate of return of 6%. Compute residual income for each division. (Enter your answers in millions.)Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] A manufacturer reports the following for two of its divisions for a recent month. Average assets Sales Income Beverage Division $ 8,200 3,480 888 Cheese Division $ 14,800 5,640 1,280 Exercise 22-12 (Algo) Computing ROI, profit margin, and investment turnover LO A1, A2 For each division, compute: 1. return on investment. 2. profit margin. 3. investment turnover. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute return on investment. Return on Investment Numerator: Denominator: Division Return on investment Beverage %3D Cheese %3D
- Forchen, Inc., provided the following information for two of its divisions for last year: Small AppliancesDivision Cleaning ProductsDivision Sales $34,670,000 $31,320,000 Operating income 2,773,600 1,252,800 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required: 2. For the Cleaning Products Division, calculate: A. Average operating assets B. Margin C. Turnover D. ROIForchen, Inc., provided the following information for two of its divisions for last year: Small AppliancesDivision Cleaning ProductsDivision Sales $34,670,000 $31,320,000 Operating income 2,773,600 1,252,800 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required: 3. What if operating income for the small appliances division was $2,000,000? How would that affect average operating assets? Margin? Turnover? ROI? Calculate any changed ratios (round to four significant digits).Combe Corporation has two divisions: Alpha and Beta. Data from the most recent month appear below: Alpha $165,000 S107, 250 S 89,100 Beta Sales Variable expenses Traceable fixed expenses $283, 500 $170, 900 S 87,700 The company's common fixed expenses total $86,500. The break-even in sales dollars for Alpha Division is closest to: (Round your Intermedlate calculations to 2 decimal places.) Multple Choice $5074 $254,571 $78,500 $24743