Need Detail explanationsProvide general discussion on predetermined variable overhead criterion and its possible dependence on the activity for which it is used. Provide a variable costing income statement in which variable overhead is divided among different activities, and that each activity has its own predetermined variable overhead criterion. The following is a partially completed lower section of a departmental expense allocation for Cozy Bookstore. It reports the total amounts of direct and indirect expenses allocated to its five (5) departments. Allocate the expenses of the two service departments (advertising and purchasing) to the three operating departments and provide the complete income statement.** attached imagePhoenix Company’s 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units.** attached image Identify the unit variable costs in the format of variable costing, according to your findings in part a Allocation of Expenses to DepartmentsExpenseAccount Bal.AdvertisingDept.PurchasingDept.BooksDept.MagazinesDept.NewspapersDept.Allocation Base$698,000$24,000$34,000$425,000$90,000$125,000Total department expenses...........Service department expensesAdvertising department...............Sales????????Purchasing department..... ..Purch. ordersTotal expenses allocated to$ 0$operating departments.......0???Advertising and purchasing department expenses are allocated to operating departments on thebasis of dollar sales and purchase orders, respectively. Information about the allocation bases forthe three operating departments follows.DepartmentSalesPurchase OrdersBooks$495,000516Magazines...198,000360Newspapers207,000324Total......$900,0001,200 Fixed Budget ReportFor Year Ended December 31, 2019Sales .......Cost of goods soldDirect materialsDirect labor......Machinery repairs (variable cost).Depreciation-Plant equipment (straight-line)..Utilities ($45,000 is variable) ...Plant management salariesGross profit.....Selling expensesPackaging....Shipping ....Sales salary (fixed annual amount)..General and administrative expensesAdvertising expenseSalaries......Entertainment expense.Income from operations$975,000225,00060,000300,000195,000200,00075,000105,000250,000125,000241,00090,000$3,000,0001,955,0001,045,000430,000456,000$ 159,000

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Description: Need Detail explanationsProvide general discussion on predetermined variable overhead criterion and its possible dependence on the activity for which it is used. Provide a variable costing income statement in which variable overhead is divided among

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Answered: Phoenix Company’s 2019 master budget…

Business

Accounting

Phoenix Company’s 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter25: Departmental Accounting

Section: Chapter Questions

Problem 1MP: MASTERY PROBLEM Bobs Acme Supermarket has been in operation for many years, offering high-quality...

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DATA ENVELOPMENT ANALYSIS OUTPUT INPUT STORE LOCATION SALES EBITDA STORE ARE(SQ.FT) #EMPLOYEES 1 A 47,682,116 7,459,291 35,523.00 62.0 2 B 42,612,114 3,880,099 39,493.00 75.00 3 C 44,187,228 4,215,221 39,731.00 79.00 4 D 30,487,610 4,201,924 35,833.00 77.00 5 E 41,535,542 5,182,632 36,552.00 75.00 6 F 24,497,561 3,079,086 37,328.00 61.00 7 G 43,749,818 6,485,312 38,709.00 79.00 8 H 24,081,113 1,820,738 37,827.00 66.00 9 K 44,711,757 6,310,682 35,631.00 66.00 10 L 32,138,829 125,696…
[The following information applies to the questions displayed below.] Suresh Company reports the following segment (department) income results for the year. Department M Department N Department O Department P Department T Total Sales $ 67,000 $ 37,000 $ 60,000 $ 46,000 $ 32,000 $ 242,000 Expenses Avoidable 11,800 38,800 23,600 16,000 41,400 131,600 Unavoidable 53,400 15,000 4,600 31,800 12,600 117,400 Total expenses 65,200 53,800 28,200 47,800 54,000 249,000 Income (loss) $ 1,800 $ (16,800) $ 31,800 $ (1,800) $ (22,000) $ (7,000) Compute the total increase in income if the departments with sales less than avoidable costs, as identified in part a, are eliminated.
The sales, gross profit, and direct and indirect operating expenses of Departments A and B of Cardoba Inc. are as follows: Dept. ADept. BTotalSales$420,000$290,000$710,000Gross profit243,000197,000440,000Direct operating expenses205,000118,000323,000Indirect operating expenses160,000Required:Compute the departmental direct operating margin and direct operating margin percentage for each department.
The sales, gross profit, and direct and indirect operating expenses of Departments A and B of Cardoba Inc. are as follows: Dept. A Dept. B Total Sales $420,000 $290,000 $710,000 Gross profit 243,000 197,000 440,000 Direct operating expenses 205,000 118,000 323,000 Indirect operating expenses 160,000 Help compute the departmental direct operating margin and direct operating margin percentage for each department.
COMPUTING OPERATING INCOME The sales, cost of goods sold, and total operating expenses of departments A and B of Ash Company are as follows: Compute the departmental operating income for each department.
INCOME STATEMENT WITH DEPART MENTAL GROSS PROFIT AND OPERATING INCOME Thomas and Hill Distributors has divided its business into two departments: commercial sales and industrial sales. The following information is provided for the year ended December 31, 20--: REQUIRED 1. Prepare an income statement showing departmental gross profit and total operating income. 2. Calculate departmental gross profit percentages.
INCOME STATEMENT WITH DEPART MENTAL DIRECT OPERATING MARGIN AND TOTAL OPERATING INCOME Durwood Thomas operates the business Thomas Security that sells security equipment for commercial property and residential homes. The following information is provided for the year ended December 31, 20--: REQUIRED 1. Prepare an income statement showing departmental direct operating margin and total operating income. 2. Calculate departmental direct operating margin percentages.
MASTERY PROBLEM Bobs Acme Supermarket has been in operation for many years, offering high-quality groceries, produce, and meat at reasonable prices. Accounting records are maintained on a departmental basis with assignment of direct expenses and allocation of indirect expenses through the use of various procedures. Selected operating information for the year ended December 31, 20--, is as follows: REQUIRED 1. (a) Prepare an income statement showing departmental operating income. (b) Compute the gross profit percentage and operating income percentage for each department (round to the nearest tenth of a percent). 2. (a) Prepare an income statement showing departmental and total direct operating margins. (b) Compute the departmental direct operating margin percentage for each department (round to the nearest tenth of a percent). 3. Should Bob be concerned about the profitability of the three departments? Should any of the departments be discontinued?
Use the following information (in thousands):Service Revenue¥1,600,000 Income from continuing operations200,000 Net Income180,000 Income from operations440,000 Selling & administrative expenses1,000,000 Income before income tax400,000Determine the amount of other income and expense
Name gender department data joined salary andy gomez male marketing 16-Oct-19 50,000.00 lito cruz male R&D 03-Mar-10 28,000.00 michelle sy female accounting 05-Sep-18 65,000.00 luis cortez male operations 18-Dec-19 70,500.00 sheila co female purchasing 04-Sep-19 62,000.00 pamela dy female operations 04-May-19 35,000.00 sarah moral female marketing 08-Nov-20 80,100.00 patrick ong male operations 12-Aug-18 39,000.00 claire hong female purchasing 30-Jul-18 42,700.00 jayson medina male operations 19-Oct-18 44,700.00 Given the employees of medium-sized semi-conductor firm, find the employee joined november 8, 2020 using "index" and "match function in excel. Please show the…
1)PLEASE ANSWERED WITH IN THE FORMAT BY PROVIDING FORMULA IN DETAILS2)PLEASE PROVIDE ANSWER IN TEXT Divisional income statement with support department allocations Horton Technology has two divisions, Consumer and Commercial, and two corporate support departments, tech services and purchasing.The corporate expenses for the year ended December 21, 20Y7, are as follows:
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