The following financial information was summarized from the accounting records of SpeedRail Corporation for the year ended December 31: Transit Division Cargo Division Corporate Total Cost of goods sold $58,400 $45,100 Direct operating expenses $32,300 $25,900 Net sales $120,000 $95,000 Interest expense $3,500 General overhead $22,000 $5,200 Income tax What is the income from operations for the Transit Division? a. $29,300 b. $24,000 c. $18,500 d. $37,600

The following financial information was summarized from the accounting records of SpeedRail Corporation for the year ended December 31: Transit Division Cargo Division Corporate Total Cost of goods sold $58,400 $45,100 Direct operating expenses $32,300 $25,900 Net sales $120,000 $95,000 Interest expense $3,500 General overhead $22,000 $5,200 Income tax What is the income from operations for the Transit Division? a. $29,300 b. $24,000 c. $18,500 d. $37,600

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter10: Evaluating Decentralized Operations

Section: Chapter Questions

Problem 5E: Service department charges In divisional income statements prepared for Demopolis Company, the...

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onL... Use this information for Train Corporation to answer the question that follow. The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Locomotive Corporate Division Division Total Cost of goods sold $45,700 $28,800 Direct operating expenses 27,600 22,800 Sales 94,100 68,700 Interest expense $2,600 General overhead 19,700 Income tax 4,400 The gross profit for the Rails Division is Oa. s20,800 Ob. $94,100 Oc. $48,400 Od. $66,500 Previous Next 7:32 PM CP 17/13/20
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akeAssignmentSessionL... Use this information for Train Corporation to answer the question that follow. The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Locomotive Согрorate Division Division Total Cost of goods sold $47,700 $30,400 Direct operating expenses 26,500 22,400 Sales 91,200 66,400 Interest expense $2,200 General overhead 19,000 Income tax 4,300 The income from operations for the Rails Division is Oa. $17,000 Ob. $91,200 Oc. $64,700 Od. $43,500 ( Previous Next