The following segmented annual income statement is for Quality Bikes LLC. If allocated fixed costs are based on sales revenue for each product line as a proportion of total sales revenue, what is the amount of allocated fixed costs for the Teen product? Use the drop down menu within the table below. $45,000 $13,500 $54,000 Product Lines Sales revenue Variable costs Contribution margin Direct fixed costs Allocated fixed costs Profit (loss) Youth Teen $75,000 $300,000 $375,000 $750,000 45,000 150,000 255,000 450,000 $30,000 $150,000 $120,000 $300,000 12,000 18,000 27,000 57,000 $ ? $? ? $ Adult ? ? $ Total ? 135,000 $ ?
The following segmented annual income statement is for Quality Bikes LLC. If allocated fixed costs are based on sales revenue for each product line as a proportion of total sales revenue, what is the amount of allocated fixed costs for the Teen product? Use the drop down menu within the table below. $45,000 $13,500 $54,000 Product Lines Sales revenue Variable costs Contribution margin Direct fixed costs Allocated fixed costs Profit (loss) Youth Teen $75,000 $300,000 $375,000 $750,000 45,000 150,000 255,000 450,000 $30,000 $150,000 $120,000 $300,000 12,000 18,000 27,000 57,000 $ ? $? ? $ Adult ? ? $ Total ? 135,000 $ ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please do not give solution in image format ? And Fast Answering Please ? And Explain Proper Step by Step.
Transcribed Image Text:The following segmented annual income statement is for Quality Bikes LLC.
If allocated fixed costs are based on sales revenue for each product line as a proportion of total sales revenue, what is the
amount of allocated fixed costs for the Teen product? Use the drop down menu within the table below.
$45,000
$13,500
$54,000
Product Lines
Sales revenue
Variable costs
Contribution margin
Direct fixed costs
Allocated fixed costs
Profit (loss)
Youth Teen
$75,000 $300,000 $375,000 $750,000
45,000 150,000 255,000 450,000
$30,000 $150,000
$120,000 $300,000
12,000 18,000
27,000 57,000
$
? $?
? $
Adult
?
?
$
Total
?
135,000
$
?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education