The following information relates to Osceola Corporation for the past accounting period. Service Department A Service Department B Producing Department C Producing Department D Proportion of service by A to: 10% 60% 30% B C D Direct costs $102,000 71,200 26,400 30,400 Proportion of service by B to: 30% 20% 50% A C D Using the reciprocal (simultaneous solution) method, Department A's cost allocated to Department C (rounded to the no

The following information relates to Osceola Corporation for the past accounting period. Service Department A Service Department B Producing Department C Producing Department D Proportion of service by A to: 10% 60% 30% B C D Direct costs $102,000 71,200 26,400 30,400 Proportion of service by B to: 30% 20% 50% A C D Using the reciprocal (simultaneous solution) method, Department A's cost allocated to Department C (rounded to the no

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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10)
Presented below is information related to the Annandale Division of Lumber, Inc. Contribution margin $1,211,900 Controllable margin $895,180 Average operating assets $4,069,000 Minimum rate of return 15 Compute the Annandale Division's residual income. $284,830 895,180 $150,000 $162,760
Dd.36.
Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income Total Company $ 812,500 552,500 260,000 134,000 126,000 54,000 $ 72,000 1. Dollar sales for company to break even 2. Dollar sales for North segment to break even 3. Dollar sales for South segment to break even North $ 650,000 520,000 130,000 67,000 $ 63,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. South $ 162,500 32,500 130,000 67,000 $ 63,000 Note: For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.
Sacramento Company has two service departments (A and B) and two producing departments (C and D). Last year, direct costs were A P80,000; B P60,000; C P15,000 and D P20,000. A provides services to B 10%, C 60% and D 30% while B provides services to A 30%, C 20% and D 50%. Using the algebraic method, Dept. A's allocation to Dept. C was * P60,619. P14,021. P21,031. P35,051.
Assume the following financial data pertains to a certain single-product lodging business:Room Sales - $400,000Total Variable - $260,000Costs Contribution Margin - $140,000Total Fixed Costs - $ 76,000IBIT - $ 64,000Based on the financial data provided, the contribution margin percentage is __________ percent.
The following information relates to Osceola Corporation for the past accounting period. Service Department A Service Department B Producing Department C Producing Department D Proportion of service by A to: 10% 60% 30% BUD C Proportion of service by B to: 30% 20% 50% RUD A с Using the reciprocal (simultaneous solution) method, Department A's cost allocated to Department C (rounded to the nearest whole dollar) is: Multiple Choice $76,800 Direct costs $110,000 70,600 28,200 28,600 $81,142. $66,000. $116,000
ume a company with two divisions (A and B) prepared the following segmented income statement: A Total 507,000 260,000 247,000 180,000 67,000 43,000 24,000 IB Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income 300,000 120,000 180,000 100,000 80,000 207,000 140,000 67,000 80,000 (13,000) The dollar sales required for the company to break even is closest to: O $455,102 $355,201 $300,000 O $400,000
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Vishnu
The Consumer Division of Lewandowski Company has income from operations of $93,950 and assets of $367,000. The minimum acceptable return on assets is 8%. What is the residual income for the division?$fill in the blank 1