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 $ ?

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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