Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating perioc Total Southern Northern Division Division Company $ 418,000 $ 130,880 $ 186,000 $ 79,420 $ 193,000 $ 79,130 $ 77,000 $ 36,670 $ 225,000 $ 51,750 $ 109,000 $ 42,750 Sales Variable expenses Traceable fixed expenses Common fixed expense The common fixed expenses have been allocated to the divisions on the basis of sales. The Southern Division's break-even sales is closest to:

Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating perioc Total Southern Northern Division Division Company $ 418,000 $ 130,880 $ 186,000 $ 79,420 $ 193,000 $ 79,130 $ 77,000 $ 36,670 $ 225,000 $ 51,750 $ 109,000 $ 42,750 Sales Variable expenses Traceable fixed expenses Common fixed expense The common fixed expenses have been allocated to the divisions on the basis of sales. The Southern Division's break-even sales is closest to:

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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The following partial financial information (in thousands of dollars) is available for Thole, Incorporated: Corporate overhead costs at Thole are allocated to divisions based on relative sales. Required: a. Complete the income statements for both divisions and the corporation as a whole. Note: Enter your answers in thousands. Enter all values as positive value. Round your answers to 1 decimal place. Sales Cost of sales Gross margin Selling, General and Administrative Allocated corporate costs Operating income Tax expense (@20%) After-tax income Gross margin percentage Operating margin Profit margin Pacific 20.0 (Thousands of Dollars) Southern 40.00% 20.00 % 16.00 % 50.00 % 36.00 % 28.80 % $ Total 100.0 852.8 48.00 % 32.80% 26.24 %
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Combe Corporation has two divisions: Alpha and Beta. Data from the most recent month appear below: Alpha Beta Sales $ 167,000 $ 362,300 Variable expenses $ 106,880 $ 166,300 Traceable fixed expenses $ 101,970 $ 120,900 The company’s common fixed expenses total $84,800. The break-even in sales dollars for Alpha Division is closest to: *MULTIPLE CHOICE: see image
1.Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Total Company North South Sales $600,000 $ 400,000 $ 200,000 Variable expenses 360,000 280,000 80,000 Contribution margin 240,000 120,000 120,000 Traceable fixed expenses 120,000 60,000 60,000 120,000 $ 60,000 $ 60,000 Segment margi Common fixed expenses 50,000 Net operating income $70,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region.
Carry On Freight Inc. has three regional divisions organized as profit centers. The chief executive officer (CEO) evaluates divisional performance using operating income as a percent of revenues. The following quarterly income and expense accounts were provided from the trial balance as of December 31, 20Y3. Revenues—Air Division $ 935,800 Revenues—Rail Division 1,110,300 Revenues—Truck Division 2,025,500 Operating Expenses—Air Division 593,000 Operating Expenses—Rail Division 660,800 Operating Expenses—Truck Division 1,224,900 Corporate Expenses—Shareholder Relations 142,300 Corporate Expenses—Customer Support 517,500 Corporate Expenses—Legal 180,000 General Corporate Officers' Salaries 314,300 The company operates three service departments: Shareholder Relations, Customer Support, and Legal. The Shareholder Relations Department conducts a variety of services for shareholders of the company. The Customer Support Department is the company's point of contact for…
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Using the following data for Ace Guitar Company: A Region Sales Cost of goods sold Selling expenses Support department expenses: Purchasing Payroll accounting $781,000 296,800 187,400 A Region Operating Income B Region Operating Income B Region $639,000 242,800 153,400 $238,600 159,000 Allocate support department expenses proportional to the sales of each region. Determine the divisional operating income for the A and B regions.
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The following partial financial information (in thousands of dollars) is available for Thole, Incorporated: Corporate overhead costs at Thole are allocated to divisions based on relative sales. Required: a. Complete the income statements for both divisions and the corporation as a whole. Note: Enter your answers in thousands. Enter all values as positive value. Round your answers to 1 decimal place. Sales Cost of sales Gross margin Selling, General and Administrative Allocated corporate costs Operating income Tax expense (@20%) After-tax income Gross margin percentage Operating margin Profit margin Pacific 20.0 (Thousands of Dollars) Southern 40.00 % 20.00 % 16.00 % 50.00 % 36.00 % 28.80 % $ Total 100.0 984.0 48.00 % 32.80 % 26.24 %
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