Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's accounting intern was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below:
In preparing these statements, the intern determined that Toxaway's only variable selling and administrative expense is a 10% sales commission on all sales. The company's total fixed expenses include $82,500 of common fixed expenses that would continue to be incurred even if the Commercial or Residential segments are discontinued, $34,000 of fixed expenses that would be avoided if the Residential segment is dropped, and $56,000 of fixed expenses that would be avoided if the Commericial segment is dropped.
2. a) Based on the intern's segmented income statement, can you determine how she allocated the company's common fixed expenses to the Commercial and Residential segments?
thome company uses a flexible budget for manufacturing overhead based on direct labor hours. variable manufacturing
No matter how you obtain a Master's degree the possibilities are endless to how it can benefit you in the job market. The online option versus the on site option both have there pros and cons. The MBA online versus the traditional MBA markets need..
omaha office supplys sales are 75 cash and 25 credit. use the rounded sales values. credit sales are collected in the
Prepare a written assignment or ethical issue analysis involving using IMA standards to determine an employer's responsibility when cost savings come at the expense of employees' jobs.
Assuming an income tax rate of 40% and 2011 income tax payable of $950,000, prepare the journal entry to record income taxes for 2011.
The real risk-free rate is r* = 2.80%, the default risk premium for Crockett's bonds is DRP = 0.85% versus zero for T-bonds, the liquidity premium on Crockett's bonds is LP = 1.25%, and the maturity risk premium for all bonds is found with the for..
Calculate SER for each attribute tested in the population. Explain why it is inappropriate to set a single acceptable TER and EPER for the combined exceptions
March 1, Chuck Branson, the owner, invested $200,000 cash to start the business. Prepare Income statement and balance sheet
machines would cost 153600 and have a usefull life of seven years. the banks controller has estimated that the machines
Zeus Corporation prepared the following "unit reconciliation" for the month of July.
The general ledger detail provides you with the following information about what is recorded under Miscellaneous expenses - Review the tax law commonly referred to in preparing tax returns for sole proprietorships
lavage rapide is a canadian company that owns and operates a large automatic carwash facility near montreal. the
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd