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Shown as follows are responsibility income statements for Butterfield, Inc., for the month of March, Butterfield, Inc Dollars $ 450,000 231,000 $ 219,000 129,600 $ 89,400 Investment Centers Division 1 Dollars 100.00% $ 320, 000 192,000 48.67X $ 128,000 67, 200 19.87X $ 60, 800 Division 2 Dollars 100X $ 130, 000 39,000 40% $ 91,000 62,400 19% $ 28,600 Sales 100X 30 70% Variable costs Contribution margin Fixed costs traceable to divisions Division responsibility margin 51.33 60 28.80 21 48 22% Comton fixed costs 40,000 8.89 Income from operations $ 49,400 10.98% Profit Centers Product A Dollars Division 1 Dollars $ 320,000 192,000 $ 128,000 44,600 $ 83, 200 22,400 $ 60,800 Product B 100x $ 128,000 57,600 70,400 13,440 26% $ 56,960 Dollars 100.00x $ 192,000 134,400 55.00% $ 57,600 31,360 44.s0N $ 26, 240 100.00% 70.00 30.00% 16.33 Sales 60 45.00 Variable costs Contribution margin Fixed costs traceable to products Product responsibility margin 40% $ 14 10.50 13.67% Common fixed costs 19% Responsibility margin for division

Shown as follows are responsibility income statements for Butterfield, Inc., for the month of March, Butterfield, Inc Dollars $ 450,000 231,000 $ 219,000 129,600 $ 89,400 Investment Centers Division 1 Dollars 100.00% $ 320, 000 192,000 48.67X $ 128,000 67, 200 19.87X $ 60, 800 Division 2 Dollars 100X $ 130, 000 39,000 40% $ 91,000 62,400 19% $ 28,600 Sales 100X 30 70% Variable costs Contribution margin Fixed costs traceable to divisions Division responsibility margin 51.33 60 28.80 21 48 22% Comton fixed costs 40,000 8.89 Income from operations $ 49,400 10.98% Profit Centers Product A Dollars Division 1 Dollars $ 320,000 192,000 $ 128,000 44,600 $ 83, 200 22,400 $ 60,800 Product B 100x $ 128,000 57,600 70,400 13,440 26% $ 56,960 Dollars 100.00x $ 192,000 134,400 55.00% $ 57,600 31,360 44.s0N $ 26, 240 100.00% 70.00 30.00% 16.33 Sales 60 45.00 Variable costs Contribution margin Fixed costs traceable to products Product responsibility margin 40% $ 14 10.50 13.67% Common fixed costs 19% Responsibility margin for division

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Shown as follows are responsibility income statements for Butterfield, Inc., for the month of March. Investment Centers Butterfield, Inc Dollars $ 450,000 231,000 $ 219,000 129,600 $ 89,400 Division 1 Division 2 Dollars 100x $ 130, 000 39,000 40% $ 91,000 62, 400 Dollars Sales 100.00% $ 320,000 Variable costs Contribution margin Fixed costs traceable to divisions 100x 30 70% 51.33 192,000 48.67% $ 128,000 60 28.80 19.87% $ 60, 800 67, 200 21 48 Division responsibility margin 19% $ 28,60e 22% Comon fixed costs 40,000 8.89 Income from operations 49,400 10.98% Profit Centers Product A Dollars 100x $ 128,000 57,600 40% $ 70,400 13,440 Product B Sales Variable costs Contribution margin Fixed costs traceable to products Product responsibility margin Common fixed costs Division 1 Dollars $ 320,000 192,000 $ 128,000 44, 800 Dollars 100.00x $ 192,000 134,400 57,600 100.00% 70.00 30.00x 16.33 60 45.00 55.00X S 14 10.50 31, 360 83, 200 26% $ 56,960 44.50% $ 26, 240 13.67% 22,400 $ 60,800 19% Responsibility margin for division
Transcribed Image Text:Shown as follows are responsibility income statements for Butterfield, Inc., for the month of March. Investment Centers Butterfield, Inc Dollars $ 450,000 231,000 $ 219,000 129,600 $ 89,400 Division 1 Division 2 Dollars 100x $ 130, 000 39,000 40% $ 91,000 62, 400 Dollars Sales 100.00% $ 320,000 Variable costs Contribution margin Fixed costs traceable to divisions 100x 30 70% 51.33 192,000 48.67% $ 128,000 60 28.80 19.87% $ 60, 800 67, 200 21 48 Division responsibility margin 19% $ 28,60e 22% Comon fixed costs 40,000 8.89 Income from operations 49,400 10.98% Profit Centers Product A Dollars 100x $ 128,000 57,600 40% $ 70,400 13,440 Product B Sales Variable costs Contribution margin Fixed costs traceable to products Product responsibility margin Common fixed costs Division 1 Dollars $ 320,000 192,000 $ 128,000 44, 800 Dollars 100.00x $ 192,000 134,400 57,600 100.00% 70.00 30.00x 16.33 60 45.00 55.00X S 14 10.50 31, 360 83, 200 26% $ 56,960 44.50% $ 26, 240 13.67% 22,400 $ 60,800 19% Responsibility margin for division
Required A Required E Prepare an income statement for Butterfield, Inc., by division, under the assumption that in April the monthly sales in Division 2 increas $150,000. (Round your percentage answers to 2 decimal place (1.e. 0.1234 should be considered as 12.34%).) BUTTERFIELD, INC. Responsibility Income Statement For April Butterfield, Inc. Division 1 Division 2 Dollars Percent Dollars Percent Dollars Percent Sales Variable costs %24 0.00 % 24 0. 0.00 % 0.00 % %24 0.00 % 0.00 % 0.00 % 0.00 % < Required A
Transcribed Image Text:Required A Required E Prepare an income statement for Butterfield, Inc., by division, under the assumption that in April the monthly sales in Division 2 increas $150,000. (Round your percentage answers to 2 decimal place (1.e. 0.1234 should be considered as 12.34%).) BUTTERFIELD, INC. Responsibility Income Statement For April Butterfield, Inc. Division 1 Division 2 Dollars Percent Dollars Percent Dollars Percent Sales Variable costs %24 0.00 % 24 0. 0.00 % 0.00 % %24 0.00 % 0.00 % 0.00 % 0.00 % < Required A
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