1 ) Retail Division = ( 1125 / 2500 ) x 264000= 118800commercial division = ( 1375 / 2500 ) x 264000= $ 145200Using the data for Lee Company above along with the following data, determine the divisional income from operations for the Division and the Commercial Division: ### Financial Data OverviewThis table provides a comparison between the Retail Division and the Commercial Division in terms of sales performance and expenses. Here is a detailed breakdown:| Category | Retail Division | Commercial Division ||-------------------------|-----------------|---------------------|| **Sales** | 945,000 | 966,000 || **Cost of Goods Sold** | 504,000 | 559,300 || **Selling Expense** | 156,800 | 175,000 |- **Sales**: The Commercial Division has slightly higher sales compared to the Retail Division.- **Cost of Goods Sold**: This represents the direct costs of producing goods. The Commercial Division's costs are higher.- **Selling Expense**: The expenses associated with selling products are higher in the Commercial Division than in the Retail Division.This table is a useful tool for analyzing the financial performance of different business divisions within a company.

solution given Retail division Commercial division Sales 945000 966000 Cost of goods sold 504000 559300 Selling expense 156800 175000Calculation of the divisional income from operations for the retail Division and the Commercial Division: Retail division Commercial division Sales 945000 966000 Less : Cost of goods sold (504000) (559300) Gross profit 441000 406700 Less :Selling expense (156800) (175000) Net income 284200 231700

Answered: sing the data for Lee Company above…

Business

Accounting

sing the data for Lee Company above along with the following data, determine the divisional income from operations for the Division and the Commercial Division:

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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