The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8: Cost of goods sold: Support department allocations: Commercial Division $439,030 Commercial Division $59,870 Residential Division 212,330 Residential Division 36,780 Administrative expenses: Sales: Commercial Division $79,820 Commercial Division $665,190 Residential Division 75,830 Residential Division 379,160 Prepare divisional income statements for Ruiz Industries Inc. Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 20Y8 Commercial Division Residential Division Sales $4 Cost of goods sold Gross profit v $4 Administrative expenses Operating income before support department allocations Support department allocations Operating income
The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8: Cost of goods sold: Support department allocations: Commercial Division $439,030 Commercial Division $59,870 Residential Division 212,330 Residential Division 36,780 Administrative expenses: Sales: Commercial Division $79,820 Commercial Division $665,190 Residential Division 75,830 Residential Division 379,160 Prepare divisional income statements for Ruiz Industries Inc. Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 20Y8 Commercial Division Residential Division Sales $4 Cost of goods sold Gross profit v $4 Administrative expenses Operating income before support department allocations Support department allocations Operating income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Performance Eval - Decentralized Ops: The picture contain all the information. Thanks!
Transcribed Image Text:Divisional Income Statements
The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8:
Cost of goods sold:
Support department allocations:
Commercial Division
$439,030
Commercial Division
$59,870
Residential Division
212,330
Residential Division
36,780
Administrative expenses:
Sales:
Commercial Division
$79,820
Commercial Division
$665,190
Residential Division
75,830
Residential Division
379,160
Prepare divisional income statements for Ruiz Industries Inc.
Ruiz Industries Inc.
Divisional Income Statements
For the Year Ended November 30, 20Y8
Commercial Division
Residential Division
Sales
Cost of goods sold v
Gross profit
Administrative expenses
Operating income before support department allocations
Support department allocations
Operating income
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