Divisional Income Statements The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8: Cost of goods sold:     Support department allocations:     Commercial Division $3,400,000     Commercial Division $800,000   Residential Division 1,800,000     Residential Division 200,000 Administrative expenses:     Sales:     Commercial Division $750,000     Commercial Division $6,120,000   Residential Division 375,000     Residential Division 2,850,000   Prepare divisional income statements for Ruiz Industries Inc. Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 20Y8   Commercial Division Residential Division   $fill in the blank 2 $fill in the blank 3   fill in the blank 5 fill in the blank 6   $fill in the blank 8 $fill in the blank 9   fill in the blank 11 fill in the blank 12   $fill in the blank 14 $fill in the blank 15   fill in the blank 17 fill in the blank 18   $fill in the blank 20 $fill in the blank 21

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter24: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 3PB: Divisional income statements and return on investment analysis E.F. Lynch Company is a diversified...
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  1. Divisional Income Statements

    The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8:

    Cost of goods sold:     Support department allocations:  
      Commercial Division $3,400,000     Commercial Division $800,000
      Residential Division 1,800,000     Residential Division 200,000
    Administrative expenses:     Sales:  
      Commercial Division $750,000     Commercial Division $6,120,000
      Residential Division 375,000     Residential Division 2,850,000

     

    Prepare divisional income statements for Ruiz Industries Inc.

    Ruiz Industries Inc.
    Divisional Income Statements
    For the Year Ended November 30, 20Y8
      Commercial Division Residential Division
      $fill in the blank 2 $fill in the blank 3
      fill in the blank 5 fill in the blank 6
      $fill in the blank 8 $fill in the blank 9
      fill in the blank 11 fill in the blank 12
      $fill in the blank 14 $fill in the blank 15
      fill in the blank 17 fill in the blank 18
      $fill in the blank 20 $fill in the blank 21
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