Requlred Information[The following Information applies to the questions displayed below.]Raner, Harris & Chan Is a consulting firm that speclalizes In Information systems for medical and dental clinics. The firm hastwo offices-one In Chicago and one In Minneapolls. The firm classifies the direct costs of consulting Jobs as varlablecosts. A contribution format segmented Income statement for the company's most recent year is glven:OfficeMinneapolis$ 420, e00252,000168,e0063, e00$ 105,e00Total CompanySalesvariable expensesContribution marginTraceable fixed expensesChicago$ 185,e0031,50073,50054,600$ 525,e00100.e%1ee%100%283,50054.e%30%6e%241,500117,600123,9ee46.0%70%40%22.4%52%15%Office segment margin23.6%2418,9ee18%25%Common fixed expenses not traceable to offices84, eee 16.0%Net operating income2439,9007.6%Requlred:1-a. Compute the companywlde break-even polnt In dollar sales.1-b. Compute the break-even polnt for the Chicago office and for the Minneapolis office.1-c. Is the companywide break-even polnt greater than, less than, or equal to the sum of the Chicago and Minneapolis break-evenpolnts?

The break even sales are the sales where business earns no profit no loss.

Requlred Information [The following information applies to the questions displayed below.] Raner, Harris & Chan is a consulting firm that specializes in Information systems for medical and dental clinics. The firm has two offices-one in Chicago and one In Minneapolis. The firm classifies the direct costs of consulting Jobs as varlable costs. A contribution format segmented Income statement for the company's most recent year is given: Office Chicago $ 1e5,e0e Minneapolis $ 420, eee 252,000 168, eee 63, eee $ 1e5, eee Total Company $ 525,000 100.e% 283,5ee Sales 1ee% 10e% variable expenses 54. e% 3e% 6e% 31,500 73,5ee 54,6ee %24 241,500 Contribution margin Traceable fixed expenses 46.ex 7e% 40% 117,6ee 22.4% 52% 15% Office segment margin 123,90e 23.6% 18,90e 18% 25% Common fixed expenses not traceable to offices 84, eee 16. e% Net operating income 39,9ee 7.6% Requlred: 1-a. Compute the companywlide break-even point In dollar sales. 1-b. Compute the break-even polnt for the Chicago office and for the Minneapolis office. 1-c. Is the companywide break-even point greater than, less than, or equal to the sum of the Chicago and Minneapolis break-even polnts?

Requlred Information [The following information applies to the questions displayed below.] Raner, Harris & Chan is a consulting firm that specializes in Information systems for medical and dental clinics. The firm has two offices-one in Chicago and one In Minneapolis. The firm classifies the direct costs of consulting Jobs as varlable costs. A contribution format segmented Income statement for the company's most recent year is given: Office Chicago $ 1e5,e0e Minneapolis $ 420, eee 252,000 168, eee 63, eee $ 1e5, eee Total Company $ 525,000 100.e% 283,5ee Sales 1ee% 10e% variable expenses 54. e% 3e% 6e% 31,500 73,5ee 54,6ee %24 241,500 Contribution margin Traceable fixed expenses 46.ex 7e% 40% 117,6ee 22.4% 52% 15% Office segment margin 123,90e 23.6% 18,90e 18% 25% Common fixed expenses not traceable to offices 84, eee 16. e% Net operating income 39,9ee 7.6% Requlred: 1-a. Compute the companywlide break-even point In dollar sales. 1-b. Compute the break-even polnt for the Chicago office and for the Minneapolis office. 1-c. Is the companywide break-even point greater than, less than, or equal to the sum of the Chicago and Minneapolis break-even polnts?

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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10. Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Disposable supplies $256,200 Depreciation expense 46,200 Utilities 26,900 Nurse salaries 384,700 Technician wages 126,000 Total operating room overhead $840,000
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Raner, Harris and Chan is a consulting firm that specializes in Information systems for medical and dental clinics. The firm has two offices-one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented Income statement for the company's most recent year is given: Office Chicago Sales Variable expenses Contribution margin Total Company $ 495,000 100% 247,5ee 58% 247,500 sex 138,600 28% 108,900 22% 69,300 14% $39,600 $ 165,000 100% 49,500 30% 115,500 70% 85,800 52% $ 29,700 18% Minneapolis $ 330,000 100% 198,000 60% 132,000 48% 52,800 16% 24% Traceable fixed expenses $ 79,200 Office segment margin Common fixed expenses not traceable to offices Net operating income 8% 3. Assume that sales in Chicago Increase by $55,000 next year and that sales in Minneapolis remain unchanged. Assume no change In fixed costs. a. Prepare a new segmented Income statement for the company. (Round your Intermediate calculations…
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Required information [The following information applies to the questions displayed below.] Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports. The company provided the following data: Year 1 Year 2 200 160 $ 290,000 Inventories Beginning (units) Ending (units) Variable costing net operating income The company's fixed manufacturing overhead per unit was constant at $560 for all three years. Year 3 160 180 $ 269,000 180 220 $ 250,000 2. Assume in Year 4 the company's variable costing net operating income was $240,000 and its absorption costing net operating income was $300,000. a. Did inventories increase or decrease during Year 4? b. How much fixed manufacturing overhead cost was deferred or released from inventory during Year 4?
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