The centralized computer technology department of Crutchfield Company has costs of $982,500. The department has provided a total of 13,100 hours of service for the period. The Retail Division has used 5,900 hours of computer technology service during the period, and the Commercial Division has used 7,200 hours of computer technology service. Additional data for the two divisions is following below: Retail Division Commercial Division Sales $6,320,000 $4,950,000 Cost of goods sold 3,190,000 2,220,000 Selling expenses 502,000 489,000 Determine the divisional income from operations for the Retail Division and the Commercial Division. Crutchfield Company Divisional Income from Operations Retail Division Commercial Division Sales $fill in the blank 2 $fill in the blank 3 Cost of goods sold fill in the blank 5 fill in the blank 6 Gross profit $fill in the blank 8 $fill in the blank 9 Selling expenses fill in the blank 11 fill in the blank 12 Income from operations before service department allocations $fill in the blank 14 $fill in the blank 15 Service department allocations fill in the blank 17 fill in the blank 18 Income from operations $fill in the blank 19 $fill in the blank 20
The centralized computer technology department of Crutchfield Company has costs of $982,500. The department has provided a total of 13,100 hours of service for the period. The Retail Division has used 5,900 hours of computer technology service during the period, and the Commercial Division has used 7,200 hours of computer technology service. Additional data for the two divisions is following below: Retail Division Commercial Division Sales $6,320,000 $4,950,000 Cost of goods sold 3,190,000 2,220,000 Selling expenses 502,000 489,000 Determine the divisional income from operations for the Retail Division and the Commercial Division. Crutchfield Company Divisional Income from Operations Retail Division Commercial Division Sales $fill in the blank 2 $fill in the blank 3 Cost of goods sold fill in the blank 5 fill in the blank 6 Gross profit $fill in the blank 8 $fill in the blank 9 Selling expenses fill in the blank 11 fill in the blank 12 Income from operations before service department allocations $fill in the blank 14 $fill in the blank 15 Service department allocations fill in the blank 17 fill in the blank 18 Income from operations $fill in the blank 19 $fill in the blank 20
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The centralized computer technology department of Crutchfield Company has costs of $982,500. The department has provided a total of 13,100 hours of service for the period. The Retail Division has used 5,900 hours of computer technology service during the period, and the Commercial Division has used 7,200 hours of computer technology service. Additional data for the two divisions is following below:
| Retail Division |
Commercial Division |
|
| Sales | $6,320,000 | $4,950,000 |
| Cost of goods sold | 3,190,000 | 2,220,000 |
| Selling expenses | 502,000 | 489,000 |
Determine the divisional income from operations for the Retail Division and the Commercial Division.
| Crutchfield Company | ||
| Divisional Income from Operations | ||
| Retail Division |
Commercial Division |
|
| Sales | $fill in the blank 2 | $fill in the blank 3 |
| Cost of goods sold | fill in the blank 5 | fill in the blank 6 |
| Gross profit | $fill in the blank 8 | $fill in the blank 9 |
| Selling expenses | fill in the blank 11 | fill in the blank 12 |
| Income from operations before service department allocations | $fill in the blank 14 | $fill in the blank 15 |
| Service department allocations | fill in the blank 17 | fill in the blank 18 |
| Income from operations | $fill in the blank 19 | $fill in the blank 20 |
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