MoCo has two major business segments-Brojan and Projan. In December, the Brojan business segment had sales revenues of $50,000, variable expenses of $20,000, and traceable fixed expenses of $5,000. During the same month, the Projan business segment had sales revenues of $50,000, variable expenses of $25,000, and traceable fixed expenses of $10,000. Common fixed expenses totaled $19,000 and were allocated as follows: $11,000 to the Brojan segment and $7,000 to the Projan segment. The segment margin for Projan is: A. $15,000 B. $18,000 C. $34,000 D. $19,000 E. $13,000
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- Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $690,000, variable expenses of $352,000, and traceable fixed expenses of $104,000. During the same month, the West business segment had sales revenues of $140,000, variable expenses of $56,000, and traceable fixed expenses of $24,000. The common fixed expenses totaled $162,000 and were allocated as follows: $89,000 to the East business segment and $73,000 to the West business segment. The contribution margin of the West business segment is: Multiple Choice $84,000 $145,000 $422,000 $234,000Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $690,000, variable expenses of $352,000, and traceable fixed expenses of $104,000. During the same month, the West business segment had sales revenues of $140,000, variable expenses of $56,000, and traceable fixed expenses of $24,000. The common fixed expenses totaled $162,000 and were allocated as follows: $89,000 to the East business segment and $73,000 to the West business segment. A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is: Multiple Choice $132,000 $422,000 $294,000 $(30,000)Stryker corp. Has two major business segments- east and west. In April, the east business segment had sales revenue of 500,000, variable expenses of 280,000 and traceable fixed expenses of 80,000. During the same month, the west business segment had sales revenues of 970,000, variable expenses of 514,000 and traceable fixed expenses of 184,000. The common fixed expenses total 280,000 and were allocated as follows: 112,000 to the east business segment and 168,000 to the west business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the east business segment is: 108,000 28,000 140,000 280,000
- Data for September concerning Greenberger Corporation's two major business segments-Fibers and Feedstocks-appear below. Sales revenues, Fibers Sales revenues, Feedstocks Variable expenses, Fibers Variable expenses, Feedstocks Traceable fixed expenses, Fibers Traceable fixed expenses, Feedstocks Common fixed expenses totaled $377,000 and were allocated as follows: $191,500 to the Fibers business segment and $185,500 to the Feedstocks business segment. $ 860,000 $ 785,000 $ 390,000 $ 320,000 $ 120,000 $ 156,000 Required: Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts. Net operating income (loss) Total Company Fibers FeedstocksMedia Marketing Specialists operates in three geographic segments: New England, Southeast, and Midwest. Their most recent fiscal year ended in December, 2020. The company had $235,000 of common fixed expenses. Using the following information, prepare a segmented income statement by segment and in total for the company: New England: sales $112,000, traceable fixed expenses are 29% of sales Southeast: sales $208,000, traceable fixed expenses are 48% of sales Midwest: sales $185,000, traceable fixed expenses are 32% of salesIeso Corporation has two stores: J and K. During November, Ieso Corporation reported a net operating income of $30,000 and sales of $450,000. The contribution margin in Store J was $100,000, or 40% of sales. The segment margin in Store K was $30,000, or 15% of sales. Traceable fixed expenses are $60,000 in Store J, and $40,000 in Store K. Ieso Corporation's total fixed expenses for the year were:
- Munoz Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. Segment Sales Cost of goods sold Sales commissions MUNOZ COMPANY Income Statements for Year 2 Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) Net income (loss) Complete this question by entering your answers in the tabs below. A $ 171,000 (123,000) Required A Required B Prepare a schedule of relevant sales and costs for Segment A. Relevant Rev. and Cost items for Segment A $251,000 $256,000 (91,000) (81,000) (24,000) (23,000) 152,000 (40,000) 0 136,000 (17,000) 31,000 (34,000) (42,000) (6,000) (16,000) $ (9,000) $ 78,000 Required a. Prepare a schedule of relevant sales and costs for Segment A. b. Prepare comparative income statements for the company as a whole under two alternatives: (1) the retention of Segment A and (2) the elimination of Segment…Walsh Corporation has two divisions: East and West. Data from the most recent month appear below: East West Sales $ 330,000 $144,000 Variable expenses $ 132,000 $ 76,320 Traceable fixed expenses $ 140,000 $ 43,000 The company's common fixed expenses total $52,140, If the company operates at exactly the break even sales of the East Division and West Diveion, what would be the company's overall net operating income? Select one: O a $30,540 O b. 50 OC ($52,140) Od. ($235,140)Samsun company operates with two divisions, sam and sun. The results of the operations last year showed the company earning a net operating income of P468,000 while allocating P1,040,000 ccommon fixed expenses. The contribution margin of Sam was P780,000 while contribution margin ratio for sun ws 40%. Sun was able to generate sales of P3,250,000, and its segment margin was P832,000. The segment margin for sam was: A. P676,000 B. 1,508,000 C. P208,000 D. P832,000
- Citron Ltd. is a manufacturing firm that produces and sells a single product. The company's revenues and expenses for the last four months are given below. Sales in units. Sales revenue Less: Cost of goods sold Gross margin Less: Operating expenses Shipping expense Advertising expense Salaries and commissions Insurance expense Amortization expense Total operating expenses Net income Cost of goods sold Shipping Salaries & commission Citron Ltd. Comparative Income Statement $ Break-even sales Annual profit (69,960 units) $ $ $ $ July 5,300 795,000 392,200 402,800 $ $ $ 65,190 95,400 170,448 15,900 58,300 405,238 (2,438) $ $ units August 4,770 715,500 362,520 352,980 per unit per unit per unit 59,360 95,400 151,580 15,900 58,300 380,540 September 5,565 $ 834,750 $954,000 401,740 451,560 $ 433,010 $ 502,440 $ 68,900 95,400 October 6,360 171,190 15,900 58,300 Required: 1. Management is concerned about the losses experienced during the spring and would like to know more about the cost…Nicholas Technologies operates two divisions. Hardware Services and Software Services. During the current month, the two divisions reported the following results. Hardware Sales Varlable costs (as a percentage of sales) Traceable fixed costs Software $ 850, 000 45% $ 125, 000 $ 660, 000 40% $ 250,000 In addition, fixed costs common to both divisions amounted to $228,000. Prepare an income statement showing percentages as well as dollar amounts. Conclude your statement with income from operations for the business and with the responsibility margin for each division. (Round percentage answers to 2 decimal place. i.e. 0.1234 should be considered as 12.34%.) NICHOLAS TECHNOLOGIES Responsibility Income Statement For the Current Month Entire Company Hardware Servicos Division Software Services Division Percent of Sales Dollars Dollars Percent of Sales Dollars Percent of SalesBenson Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. Segment Sales Cost of goods sold Sales commissions BENSON COMPANY Income Statements for Year 2 Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) Net income (loss). Complete this question by entering your answers in the tabs below. Required A Required B A $ 169,000 (130,000) (21,000) 18,000 (43,000) (5,000) $ (30,000) B $ 238,000 (81,000) (23,000) 134,000 (37,000) (14,000) $ 83,000 с $ 247,000 (83,000) (31,000) 133,000 (26,000) 0 Required a. Prepare a schedule of relevant sales and costs for Segment A. b. Prepare comparative income statements for the company as a whole under two alternatives: (1) the retention of Segment A and (2) the elimination of Segment A. $ 107,000