Please explain in detail RetusRequired information(The following information applies to the questions displayed below.)Suresh Company reports the following segment (department) income results for the year.Departnent M$ 63,000Departnent N Departnent o$ 35,000Department P$ 42,000Departnent 2$ 20,000Total$ 224,000Sales$ 56,000ExpensesAvoidableUnavoidable37,8009,80047,600$ (19,600)120,400107, 800226,20014,00036,40012,60049,00022,4009,80051,80061,600$1,4004,20026,600$ 29,40029,40043,400$ (1,400)Total expenses$ (4,200)Income (losn)६ (14,000)b. Compute the total increase in income if the departments with sales less than avoidable costs, as identified in part a, are eliminated.Answer is complete but not entirely correct.Total increase in income10,700 0

While taking a decision as to elimination of a department/ Segment, Revenue of each segment is to be…

Required information [The following information applies to the questions displayed below.) Suresh Company reports the following segment (department) income results for the year. Departnent M DepartnentN Departnent o Departnent P $ 63,000 Departnent 7 $20,000 Total $35,000 $ 56,000 $ 42,000 $ 224,000 Sales Expensen Avoidable 9,800 51,800 61,600 36,400 12,600 49,000 $ (14,000) 22,400 4,200 26,600 $ 29,400 14,000 29,400 43,400 $ (1,400) 37,800 9,000 47,600 $ (19,600) 120,400 107, 800 220,200 Unavoidable Total expenses $ (4,200) Income (loss) $1,400 D. Compute the total increase in income if the departments with sales less than avoidable costs, as identified in part a, are eliminated. Answer is complete but not entirely correct. Total increase in income 10,700

Required information [The following information applies to the questions displayed below.) Suresh Company reports the following segment (department) income results for the year. Departnent M DepartnentN Departnent o Departnent P $ 63,000 Departnent 7 $20,000 Total $35,000 $ 56,000 $ 42,000 $ 224,000 Sales Expensen Avoidable 9,800 51,800 61,600 36,400 12,600 49,000 $ (14,000) 22,400 4,200 26,600 $ 29,400 14,000 29,400 43,400 $ (1,400) 37,800 9,000 47,600 $ (19,600) 120,400 107, 800 220,200 Unavoidable Total expenses $ (4,200) Income (loss) $1,400 D. Compute the total increase in income if the departments with sales less than avoidable costs, as identified in part a, are eliminated. Answer is complete but not entirely correct. Total increase in income 10,700

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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