Required informationExercise 23-9 (Algo) Segment elimination LO P4[The following information applies to the questions displayed below]Suresh Company reports the following segment (department) income results for the year.SalesExpensesAvoidableUnavoidableTotal expensesIncome (loss)Department ODepartment PDepartment TDepartment M Department N$ 42,000$ 80,000Decision16,30057,00073,300$ 6,70044,20020,40064,600$ (22,600)Department o$ 76,000< Prev20,3005,50025,800$ 50,2006Department P$ 61,00010 of 1620,50050,20070,700$ (9,700)Exercise 23-9 (Algo) Part 1a. If the company plans to eliminate departments that have sales less than avoidable costs, which department(s) would be eliminated?DepartmentDepartment MDepartment NDepartment T$ 41,00049,50018,90068,400$ (27,400)Next >Total$ 300,000150,800152,000302,800$ (2,800) Required informationExercise 23-9 (Algo) Segment elimination LO P4[The following information applies to the questions displayed below]Suresh Company reports the following segment (department) income results for the year.SalesExpensesAvoidableUnavoidableTotal expensesIncone (loss)Department M Department N$ 42,000$ 80,000Total increase in income16,30057,00073,300$ 6,70044,20020,40064,600$ (22,600)Department PDepartment 0$ 61,000$ 76,00020,3005,50025,800$ 50,20020,50050,20070,700$ (9,700)Department T$ 41,00049,50018,90068,400$ (27,400))Total$ 300,000150,800152,000302,800$ (2,800)Exercise 23-9 (Algo) Part 2b. Compute the total increase in income if the departments with sales less than avoidable costs, as identified in part a, are eliminated.

Avoidable Costs -Avoidable costs are those costs that can be avoided if a company wishes to do so.…

Required information Exercise 23-9 (Algo) Segment elimination LO P4 [The following information applies to the questions displayed below] Suresh Company reports the following segment (department) income results for the year. Sales Expenses Avoidable Unavoidable Total expenses Income (loss) Department Department M Department N Department O Department P Department T Department M Department N $ 42,000 $ 80,000 Decision 16,300 57,000 73,300 $ 6,700 44,200 20,400 64,600 $ (22,600) Department O $ 76,000 20,300 5,500 25,800 $ 50,200 Department P $ 61,000 20,500 50,200 70,700 $ (9,700) Department T $ 41,000 49,500 18,900 68,400 $ (27,400) Total $ 300,000 Exercise 23-9 (Algo) Part 1 a. If the company plans to eliminate departments that have sales less than avoidable costs, which department(s) would be eliminates 150,800 152,000 302,800 $ (2,800)

Required information Exercise 23-9 (Algo) Segment elimination LO P4 [The following information applies to the questions displayed below] Suresh Company reports the following segment (department) income results for the year. Sales Expenses Avoidable Unavoidable Total expenses Income (loss) Department Department M Department N Department O Department P Department T Department M Department N $ 42,000 $ 80,000 Decision 16,300 57,000 73,300 $ 6,700 44,200 20,400 64,600 $ (22,600) Department O $ 76,000 20,300 5,500 25,800 $ 50,200 Department P $ 61,000 20,500 50,200 70,700 $ (9,700) Department T $ 41,000 49,500 18,900 68,400 $ (27,400) Total $ 300,000 Exercise 23-9 (Algo) Part 1 a. If the company plans to eliminate departments that have sales less than avoidable costs, which department(s) would be eliminates 150,800 152,000 302,800 $ (2,800)

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 14.9E: Profit center responsibility reporting On-Demand Sports Co. operates two divisions—the Action Sports...

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Required information [The following information applies to the questions displayed below.] Suresh Company reports the following segment (department) income results for the year. Sales Department M $ 68,000 Department N $ 38,000 Department 0 $ 65,000 Department P $ 47,000 Department T $ 33,000 Total $ 251,000 Expenses Avoidable 12,300 Unavoidable Total expenses Income (loss) 53,800 66,100 39,400 15,600 55,000 23,900 4,700 28,600 16,500 36,400 42,300 13,300 134,400 123,800 52,900 55,600 258,200 $ 1,900 $ (17,000) $ 36,400 $ (5,900) $ (22,600) $ (7,200) b. Compute the total increase in income if the departments with sales less than avoidable costs, as identified in part a, are eliminated. Total increase in income $ 3,700
Required information [The following information applies to the questions displayed below.] Suresh Company reports the following segment (department) Income results for the year. Department P $ 66,000 Sales Expenses Avoidable Unavoidable Total expenses Income (loss) Department Department M Department N Department O Department P Department T Department M Department N $ 85,000 $ 45,000 Decision 17,800 58,200 76,000 $ 9,000 46,000 22,200 68,200 $ (23,200) Department O $ 79,000 19,300 5,800 25,100 $ 53,900 a. If the company plans to eliminate departments that have sales less than avoidable costs. 22,000 53,900 75,900 $ (9,900) Department T $ 39,000 52,200 21,000 73,200 $ (34,200) Total $ 314,000 157,300 161,100 318,400 $ (4,400) department(s) would be eliminated?
Required Information [The following information applies to the questions displayed below.] Suresh Company reports the following segment (department) income results for the year. Sales Expenses Department M $ 89,000 Department N $ 47,000 Department o $ 85,000 Department P $ 73,000 Department T $ 46,000 Total $ 340,000 48,400 24,600 Total expenses Income (loss) 73,000 $ 9,400 $ (26,000) 19,100 6,200 25,300 $ 59,700 24,000 55,800 167,100 59,700 23,800 174,100 83,700 79,600 341,200 $ (10,700) $ (33,600) $ (1,200) Avoidable Unavoidable 19,800 59,800 79,600 b. Compute the total increase in income if the departments with sales less than avoidable costs, as identified in part a, are eliminated. Answer is complete but not entirely correct. Total increase in income $ 10,800
Suresh Company reports the following segment (department) income results for the year. Department N Department 0 Department P $36,000 $ 57,000 $ 43,000 Sales Expenses Avoidable. Unavoidable Total expenses Income (loss) Department M $ 64,000 otal increase in income 10,300 52,200 62,500 $1,500 37,000 13,200 50,200 $ (14,200) $ 30,000 22,700 4,300 27,000 $ 30,000 14,500 30,000 44,500 $ (1,500) Department T $ 29,000 38,700 10,500 49,200 $ (20,200) Total $ 229,000 123,200 110,200 Compute the total increase in income if the departments with sales less than avoidable costs, as identified in part a, are eliminated 233,400 $ (4,400)
Suresh Company reports the following segment (department) income results for the year. Department M Department N Department 0 Department P $ 82,000 $ 44,000 $ 78,000 $ 65,000 Sales Expenses Avoidable Unavoidable Total expenses Income (loss) Department Department M Department N Department O Department P Department T 17,300 45,400 57,800 21,600 75, 100 67,000 $ 6,900 $ (23,000) Decision 18,000 5,700 23,700 $ 54,300 21,500 54,300 75,800 $ (10,800) Department T $ 43,000 51,300 20,300 71, 600 $ (28,600) Total $ 312,000 a. If the company plans to eliminate departments that have sales less than avoidable costs, which department(s) would be eliminated? 153,500 159, 700 313, 200 $ (1,200)
Bett Inc. has the following 8 units A-H Description A B Assets 50 70 Revenue Profit Units 7 C 40 650 870 350 7.5 3.5 D 60 800 4 E 89 950 9 F 78 750 5 Which units are to be reported as per segmental reporting? Show all calculations with brief explanations to support your answer. G 52 990 3.2 H 46 590 2.8 TOTAL 485 5950 42
Line Item Description SegmentMediaNetworks SegmentParks, Experiences,and Products SegmentEntertainment Direct-to-Consumer& International Revenues $28,393 $16,502 $9,636 $16,967 Operating expenses (19,400) (16,600) (7,100) (19,800) Operating income $8,993 $(98) $2,536 $(2,833) Assume the following percentages of total operating expenses for each segment are variable: Segment Percentage of VariableOperating Expenses Media Networks 75% Parks, Experiences, and Products 60% Studio Entertainment 80% Direct-to-Consumer & International 70% Question Content Area a. Prepare a variable costing income statement for The Walt Disney Company by segment. If required, use a minus sign to indicate an operating loss. Round all amounts to the nearest million. The Walt Disney CompanyVariable Costing Income Statement(in millions) Line Item Description MediaNetworks Parks, Experiences,and Products StudioEntertainment Direct-to-Consumer &International…
Required information For Year Ended December 31 Sales Cost of goods sold Other operating expenses Current Year $ 411, 225 209,550 12, 100 9,525 $ 673,500 642, 400 $31,100 $ 1.90 :. -. - == ....... 9 US Sa M
Exercise 14-1 (Algo) Common-Size Income Statement (LO14-1] A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: Hckenzle Sales, Linited Conparative Income Statenent This Year $7, 380,000 4,780,000 2,600,000 Last Vear $ 5,608,800 D514,000 2,094,800 Sales Cost of goods sold Gross margin Selling and adninistrative expenses Selling expenses Administrative expenses Total expenses 1,397,000 705,500 2,102,500 497,500 102,000 $ 395,500 1,081,500 611,po0 1,694,S00 Net operating incone Interest expense 400,300 85, 000 $ 315, 500 Net incone before taxes Members of the company's board of directors are surprised to see that net income increased by only $80,200 when sales increased by $1,771,200 Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (le., 0.1234 should be entered as 12.3).)
TB MC Qu. 2-61 (Algo) The following income statements are provided... The following income statements are provided for Li Company's last two years of operation: Year 1 Year 2 Number of units produced and sold 4,200 Sales revenue 009 $71,760 $65,520 Cost of goods sold Gross margin General, selling, and administrative expenses 39,760 36,460 000 17,540 18,820 090 Net income $13,180 $11,520 Assuming that cost behavior did not change over the two-year period, what is the annual amount of the company's fixed manufacturing overhead? Multiple Choice ) $1,810 $3,620 $5,620 None of these < Prev 3 of search ANEN
Problem 12-2A (Algo) Perform horizontal analysis (LO12-2) The income statements for Anything Outdoors for the years ending December 31, 2024 and 2023, are provided below. Required: 1. Complete the "Amount" and "%" columns to be used in a horizontal analysis of the income statements for Anything Outdoors. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net income ANYTHING OUTDOORS Income Statements For the Years Ended December 31 2024 2023 $ 3,350,000 $2,520,000 $ 2,100,000 1,250,000 785,000 465,000 9,000 474,000 97,500 376,500 $ $ 1,355,000 1,165,000 610,000 555,000 5,500 560,500 135,000 425,500 $ Increase (Decrease) Amount 830,000 745,000 85,000 175,000 (90,000) 3,500 (86,500) (37,500) (49,000) % 32.9
COURSE: ACCOUNTABILITY Alpha Company reports $125,636,256 as revenue from ordinary activities and the cost of ordinary activities corresponds to 30% over revenue, what is the gross margin?Select one:a. $42,669,159b. $37,690,877c. $87,945,379d. $21,636,639e. $39,696,101