FINANCIAL+MANG.-W/ACCESS PRACTICE SET
13th Edition
ISBN: 9781337575614
Author: WARREN
Publisher: CENGAGE L
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Chapter 23, Problem 23.3BPE
To determine
Income from operations: Revenue generated mainly from business operations, after the operating expenses are being paid, is referred to as income from operations.
To determine: The income from operations for R Division and C Division
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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:
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214,350
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Prepare divisional income statements for Ruiz Industries Inc.
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For the Year Ended November 30, 20Y8
Commercial Division Residential Division
%24
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
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$821,840
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Residential Division
468,450
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Divisional Income Statements
For the Year Ended November 30, 20Y8
Commercial Division
Residential Division
Sales
?
?
Cost of goods sold
?
?
Gross profit
?
?
Administrative expenses
?
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Operating income before support department allocations
?
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Support department allocations
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Operating income
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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
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171,510
Residential Division
29,710
Administrative expenses:
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61,250
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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 23 Solutions
FINANCIAL+MANG.-W/ACCESS PRACTICE SET
Ch. 23 - Prob. 1DQCh. 23 - Differentiate between a profit center and an...Ch. 23 - Weyerhaeuser developed a system that assigns...Ch. 23 - What is the major shortcoming of using income from...Ch. 23 - In a decentralized company in which the divisions...Ch. 23 - How does using the return on investment facilitate...Ch. 23 - Why would a firm use a balanced scorecard in...Ch. 23 - Prob. 8DQCh. 23 - When is the negotiated price approach preferred...Ch. 23 - When using the negotiated price approach to...
Ch. 23 - Prob. 23.1APECh. 23 - Prob. 23.1BPECh. 23 - Service department charges The centralized...Ch. 23 - Service department charges The centralized...Ch. 23 - Income from operations for profit center Using the...Ch. 23 - Prob. 23.3BPECh. 23 - Prob. 23.4APECh. 23 - Profit margin, investment turnover, and ROI Briggs...Ch. 23 - Residual income The Consumer Division of Hernandez...Ch. 23 - Prob. 23.5BPECh. 23 - Transfer pricing The materials used by tile North...Ch. 23 - Transfer pricing The materials used by the...Ch. 23 - Budget performance reports for cost centers...Ch. 23 - Divisional income statements The following data...Ch. 23 - Service department charges and activity bases For...Ch. 23 - Prob. 23.4EXCh. 23 - Service department charges In divisional income...Ch. 23 - Service department charges and activity bases...Ch. 23 - Divisional income statements with service...Ch. 23 - Prob. 23.8EXCh. 23 - Prob. 23.9EXCh. 23 - Rate of return on investment The income from...Ch. 23 - Residual income Based on the data in Exercise...Ch. 23 - Determining missing items in return on investment...Ch. 23 - Prob. 23.13EXCh. 23 - Prob. 23.14EXCh. 23 - Prob. 23.15EXCh. 23 - Determining missing items from computations Data...Ch. 23 - Prob. 23.17EXCh. 23 - Prob. 23.18EXCh. 23 - Building a balanced scorecard Hit-n-Run Inc. owns...Ch. 23 - Decision on transfer pricing Materials used by the...Ch. 23 - Prob. 23.21EXCh. 23 - Budget performance report for a cost center...Ch. 23 - Prob. 23.2APRCh. 23 - Divisional income statements and rate of return on...Ch. 23 - Effect of proposals on divisional performance A...Ch. 23 - Prob. 23.5APRCh. 23 - Prob. 23.6APRCh. 23 - Prob. 23.1BPRCh. 23 - Prob. 23.2BPRCh. 23 - Prob. 23.3BPRCh. 23 - Prob. 23.4BPRCh. 23 - Prob. 23.5BPRCh. 23 - Prob. 23.6BPRCh. 23 - Prob. 23.1CPCh. 23 - Prob. 23.2CPCh. 23 - Evaluating divisional performance The three...Ch. 23 - Evaluating division performance over time The...Ch. 23 - Evaluating division performance Last Resort...
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