Survey of Accounting (Accounting I)
Solutions
Survey of Accounting (Accounting I)
The Accounts Payable Department has expenses of $600,000 and makes 150,000 payments to the various vendors who provide products and services to the divisions. Division A has operating income of $900,000 before service department charges and makes 60,000 payments to vendors. If the Accounts Payable Department is treated as a service department, what is Division A’s operating income? A. $300,000
B. $900,000
C. $660,000
D. $540,000
Concept Introduction:
Cost center:
Cost center incurs costs and does not generate the revenue directlyInvestment Center:
Investment center takes care of revenue, cost and investment
Profit Center:
Profit center generate revenue and incur expenses
To Calculate:
The Operating Income for Division A
The Operating Income for Division A is calculated as follows:
Division A Operating income before service department charges $900,000
Le...
Chapter 14 Solutions
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