What is the company's net operating income on these general accounting question? Quinnett Corporation has two divisions: the Export Products Divisionand the Business Products Division. The Export Products Division'sdivisional segment margin is $38,800 and the Business ProductsDivision's divisional segment margin is $91,200. The total amount ofcommon fixed expenses not traceable to the individual divisions is$102,800.What is the company's net operating income?a. $232,800b. $130,000c. $27,200d. ($130,000)

Step 1: Define Segment ReportingIn management accounting, segment reporting refers to segmented…

Answered: Quinnett Corporation has two divisions:…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Brummitt Corporation has two divisions: the BAJ Division and the CBB Division. The corporation's net operating income is $12,100. The BAJ Division's divisional segment margin is $83,100 and the CBB Division's divisional segment margin is $47,900. What is the amount of the common fixed expense not traceable to the individual divisions? a. $95,200 b. $118,900 c. $60,000 d. $131,000 If Interval Railway's fixed costs total $40,000 per month, the variable cost per passenger is $30, and tickets sell for $40, what is the contribution margin per unit and contribution margin ratio? a. $30 per passenger, 75% b. $30 per passenger, 25% c. $10 per passenger, 75% d. $10 per passenger, 25%
Mnak Corporation has two divisions: the OT Products Division and the NT Products Division. The OT Products Division's divisional segment margin is P255,000 and the NT Products Division's divisional segment margin is P59,800. The total amount of common fixed expenses not traceable to the individual divisions is P163,700. What is the company's net operating income? (P314,800) P151,100 P379,200 P455,000
Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Products Division's divisional segment margin is $37,300 and the Export Products Division's divisional segment margin is $89,700. The total amount of common fixed expenses not traceable to the individual divisions is $100,400. What is the company's net operating income (loss)? Multiple Choice $227,400 $127,000 $26,600 ($127,000)
Bible Corporation has two divisions: the OT Products Division and the NT Products Division. The OT Products Division's divisional segment margin is P255,000 and the NT Products Division's divisional segment margin is P59,800. The total amount of common fixed expenses not traceable to the individual divisions is P163,700. What is the company's net operating income? (P314,800) P151,100 P379,200 P455,000
Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Products Division's divisional segment margin is $39,800 and the Export Products Division's divisional segment margin is $92,200. The total amount of common fixed expenses not traceable to the individual divisions is $104,400. What is the company's net operating income (loss)? $236,400 $132,000 $27,600 ($132,000)
Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $42,000. The AFE Division's divisional segment margin is $15,700 and the GBI Division's divisional segment margin is $175,400. What is the amount of the common fixed expense not traceable to the individual divisions Answer choices $149,100 $57,700 $217,400 $191,100
Musselwhite Corporation has two divisions. Division 1 has a contribution margin of $79,300 and Division 2 has a contribution margin of $126,200. If total traceable fixed expenses are $77,200 and total common fixed expenses are $34,900, what is Musselwhite Corporation's net operating income? $98,200 $93,400 O $163,200 O $170,600 Next▸
Please provide Solutions
Clouthier Corporation has two divisions: Home Division and Commercial Division. The following report is for the most recent operating period: Total Company Home Division Commercial Division Sales $ 572, 000 $ 268, 000 $ 304, 000 Variable expenses $ 205, 790 $ 88, 360 $ 117, 430 Traceable fixed expenses $ 203, 000 $ 91, 000 $ 112, 000 The company's common fixed expenses total $62, 700. Required: What is the Home Division's break - even in sales dollars? What is the Commercial Division's break - even in sales dollars? What is the company's overall break - even in sales dollars? Note: Round intermediate calculations to three decimal places.
Hill Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $590,000, variable expenses of $300,600, and traceable fixed expenses of $186,500. The Alpha Division has sales of $520,000, variable expenses of $188,500, and traceable fixed expenses of $222,100. The total amount of common fixed expenses not traceable to the individual divisions is $235,500. What is the company's net operating income? $374,400 $212,300 $620,900 ($23,200)
Miscavage Corporation has two divisions the Beta Division and the Alpha Division. The Beta Division has sales of $305,000, variable expenses of $153,600, and traceable fixed expenses of $70,800. The Alpha Division has sales of $615,000, variable expenses of $337,800, and traceable fixed expenses of $132,700. The total amount of common fixed expenses not traceable to the individual divisions is $134,200. What is the company's net operating income? Multiple Choice $225,100 O $428,600 $00.900 $277,200
Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Sales Variable expenses Traceable fixed expenses Common fixed expense Total Company Southern Division $ 418,000 $ 193,000 $ 130,880 $ 79,130 $ 186,000 $ 77,000 $ 79,420 $ 36,670 Northern Division $ 225,000 $ 51,750 $ 109,000 $ 42,750 The common fixed expenses have been allocated to the divisions on the basis of sales. What is the company's overall net operating income if it operates at the break-even points for its two divisions? Multiple Choice $(79,420) $21,700 $(265,420) $0

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS