Managerial Accounting
15th Edition
ISBN: 9781337912020
Author: Carl Warren, Ph.d. Cma William B. Tayler
Publisher: South-Western College Pub
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Textbook Question
Chapter 10, Problem 2E
The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8:
Prepare divisional income statements for Ruiz Industries Inc.
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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
$560,850
Commercial Division
$76,480
Residential Division
285,530
Residential Division
49,460
Administrative expenses:
Sales:
Commercial Division
$101,970
Commercial Division
$849,780
Residential Division
101,970
Residential Division
509,870
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
$
$
$
$
$
$
$
$
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
$542,410
Commercial Division
$73,970
Residential Division
262,330
Residential Division
45,440
Administrative expenses:
Sales:
Commercial Division
$98,620
Commercial Division
$821,840
Residential Division
93,690
Residential Division
468,450
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
Sales
?
?
Cost of goods sold
?
?
Gross profit
?
?
Administrative expenses
?
?
Operating income before support department allocations
?
?
Support department allocations
?
?
Operating income
?
?
Divisional Income Statements
The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20Y8:
Cost of goods sold:
Service department charges:
Commercial Division
$348,510
Commercial Division
$47,520
Residential Division
171,510
Residential Division
29,710
Administrative expenses:
Net sales:
Commercial Division
$63,370
Commercial Division
$528,050
Residential Division
61,250
Residential Division
306,270
Prepare divisional income statements for Jersey Coast Construction Company.
Jersey Coast Construction Company
Divisional Income Statements
For the Year Ended June 30, 20Y8
Commercial Division
Residential Division
Income from operations before service department charges
$fill in the blank 2
$fill in the blank 3
Cost of goods sold
fill in the blank 5
fill in the blank 6
Gross profit
$fill in the blank 8
$fill in the blank 9
Administrative…
Chapter 10 Solutions
Managerial Accounting
Ch. 10 - Differentiate between centralized and...Ch. 10 - Differentiate between a profit center and an...Ch. 10 - Prob. 3DQCh. 10 - What is the major shortcoming of using operating...Ch. 10 - In a decentralized company in which the divisions...Ch. 10 - How does using the return on investment facilitate...Ch. 10 - (a) Explain how return on investment might lead a...Ch. 10 - Prob. 8DQCh. 10 - Prob. 9DQCh. 10 - When using the negotiated price approach to...
Ch. 10 - Budgetary performance for cost center Vinton...Ch. 10 - Support department allocations The centralized...Ch. 10 - Prob. 3BECh. 10 - Profit margin, investment turnover, and ROI Briggs...Ch. 10 - Residual income The Commercial Division of Galena...Ch. 10 - Prob. 6BECh. 10 - Budget performance reports for cost centers...Ch. 10 - The following data were summarized from the...Ch. 10 - For each of the following support departments,...Ch. 10 - Prob. 4ECh. 10 - Service department charges In divisional income...Ch. 10 - Varney Corporation, a manufacturer of electronics...Ch. 10 - Horton Technology has two divisions, Consumer and...Ch. 10 - Rocky Mountain Airlines Inc. has two divisions...Ch. 10 - Championship Sports Inc. operates two divisionsthe...Ch. 10 - Prob. 10ECh. 10 - The operating income and the amount of invested...Ch. 10 - Prob. 12ECh. 10 - The condensed income statement for the Consumer...Ch. 10 - The Walt Disney Company (DIS) has four business...Ch. 10 - Prob. 15ECh. 10 - Prob. 16ECh. 10 - Materials used by the Instrument Division of...Ch. 10 - Prob. 18ECh. 10 - GHT Tech Inc. sells electronics over the Internet....Ch. 10 - Profit center responsibility reporting for a...Ch. 10 - Prob. 3PACh. 10 - Effect of proposals on divisional performance A...Ch. 10 - Divisional performance analysis and evaluation The...Ch. 10 - Prob. 6PACh. 10 - Prob. 1PBCh. 10 - Prob. 2PBCh. 10 - Prob. 3PBCh. 10 - Prob. 4PBCh. 10 - Divisional performance analysis and evaluation The...Ch. 10 - Prob. 6PBCh. 10 - Prob. 1MADCh. 10 - Prob. 2MADCh. 10 - Papa Johns International, Inc. (PZZA), operates...Ch. 10 - Panera Bread Company (PNRA) operates over 2,000...Ch. 10 - Prob. 5MADCh. 10 - Prob. 1TIFCh. 10 - Prob. 2TIFCh. 10 - Prob. 3TIFCh. 10 - The three divisions of Yummy Foods are Snack...Ch. 10 - Prob. 5TIFCh. 10 - Prob. 1CMACh. 10 - Prob. 2CMACh. 10 - Prob. 3CMACh. 10 - Morrisons Plastics Division, a profit center,...
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