Data tableProductHimHerSync (Him and Her)$CAGA$Retail Price80.00120.00130.00 Spirit Company blends and sells designer fragrances. It has a Men's Fragrances Division and a Women's Fragrances Division, each with different sales strategies, distribution channels, and productofferings. Spirit is now considering the sale of a bundled product called Sync, consisting of one bottle of Him, a men's cologne, and one bottle of Her, a women's perfume, two of Spirit's verysuccessful products. Spirit sells equal quantities of Him and Her perfume. For the most recent year, Spirit reported the following:(Click the icon to view the sales information.)Read the requirements.Requirement 1a. Allocate revenue from the sale of each unit of Sync to Him and Her using the following:a. The stand-alone revenue-allocation method based on selling price of each product. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.)Stand-aloneHimHer

The process of allocating a company's expenses to various cost objects or cost centres within the…

Answered: Spirit Company blends and sells…

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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Lamothe Kitchen and Bath makes products for the home, which it sells through major retailers and remodeling (do-it-yourself, or DIY) outlets. One product that has had varying success is a ceiling fan for the kitchen. The fan comes in three sizes (36-Inch, 44-Inch, and 54-Inch), which are designed for various kitchen sizes and cooling requirements. The chief financial officer (CFO) at Lamothe has been looking at the segmented income statement for the fan and is concerned about the results for the 36-inch model. Revenues Variable costs Fixed costs allocated to products Operating profit (loss) 36 Inch $ 372,200 231,600 147,230 $ (6,630) If the 36-Inch model is dropped, the revenue associated with it would be lost and the related variable costs saved. In addition, the company's total fixed costs would be reduced by 25 percent. Required A Required B Required: a. Prepare a differential cost schedule to support your recommendation. b. Should Lamothe Kitchen and Bath should drop the 36-Inch…
Blue Corporation makes backpacks, with a specialty line for baseball players. This backpack has a spot for everything-helmet, spikes. glove, and bats-and it comes with a hook at the top that makes it easy to hang from a chain link fence in the dugout. The backpack division buys the hooks from-you guessed it-the hook division, which has enough capacity to meet both internal and external demand. At present, the hook and backpack divisions have agreed on a transfer price of $0.75 per hook. Current volumes, costs, and prices are listed below for each division for one month. The casts for the backpack division reflect all unit backpack costs, except for the hook. Variable cost per unit Absorption cost per unit Market price per unit Quantity produced Quantity sold externally Quantity sold internally (a) Hook Division * Your answer is incorrect. Gross margin $0,50 $0.75 $0.90 2,100 1,300 800 According to the information given, how much gross margin would each division report for one month?…

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