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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