Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Total North $ 750,000 600,000 150,000 73,000 $ 77,000 Company $ 937,500 South Sales $ 187,500 Variable expenses Contribution margin Traceable fixed expenses 637,500 37,500 300,000 146,000 150,000 73,000 Segment margin 154,000 $ 77,000 Common fixed expenses 64,000 Net operating income $ 90,000 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. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dolla 1. Dollar sales for company to break-even 2. Dollar sales for North segment to break-even 3. Dollar sales for South segment to break-even

Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Total North $ 750,000 600,000 150,000 73,000 $ 77,000 Company $ 937,500 South Sales $ 187,500 Variable expenses Contribution margin Traceable fixed expenses 637,500 37,500 300,000 146,000 150,000 73,000 Segment margin 154,000 $ 77,000 Common fixed expenses 64,000 Net operating income $ 90,000 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. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dolla 1. Dollar sales for company to break-even 2. Dollar sales for North segment to break-even 3. Dollar sales for South segment to break-even

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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Jay Company is divided into the South and North Divisions. Assume the data given in the table below for the South Division. What is the divisional income from operations for the South Division. S Sales $1,500,000 C Cost of good sold 825,000 Selling expenses 425,000 S Service department allocations 75,000 In Income from operations ? Group of answer choices $350,000 $175,000 $50,000 none of these
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