Step solution (d)BRISLIN COMPANYCVP Income StatementFor the Quarter Ended March 31, 2024DivisionsIIIIVSales$250,000$500,000$450,000Total$1,200,000Variable costsCost of goods sold140,000240,000187,500567,500Selling and administrative30,00030,00030,00090,000Total variable costs170,000270,000217,500657,500Contribution margin80,000230,000232,500542,500Fixed costsCost of goods sold63,20063,20065,700192,100Selling and administrative49,00034,00024,000107,000Total fixed costs112,20097,20089,700299,100Income (loss) from operations-$32,200$132,800$142,800$243,400Reconcile the total income from operations ($213,000) with the total income from operationswithout Division II.Response:

To reconcile the total income from operations without Division II, we first need to sum the income…

Answered: (d) BRISLIN COMPANY CVP Income…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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SCRUMPTIOUS CUPCAKESProfit and loss accountfor the year ended 30 April 20202020£SalesSales 220,000Cost of sales 120,000Gross Profit 100,000ExpensesSalaries 24,000Other Fixed cost 4,800Distribution 3,000Advertising 4,500Rent 13,200AHUtilities 3,600Other Cost 4,00057,100Operating Profit 42,900 SCRUMPTIOUS CUPCAKESBalance Sheetas at 30 April 20202020£Fixed assetsIntangible assets -Tangible assets 35,000Investments -35,000Current assetsStocks 3,000Debtors 10,000Cash at bank and in hand 6,30019,300Written ReportsCreditors: amounts falling duewithin one year (11,300)Net Current Assets 8,000Total assets less currentliabilities 43,000Net Assets 43,000Capital and reservesCalled up share capital 100Profit and loss account 42,900Shareholders' funds 43,000 please calculate the folliwing ratios: Profitability Ratios – Gross Profit Margin, Net Profit Margin and ROCE● Liquidity – Current Test and Acid Test● Gearing● Activity/Performance – Stock Turnover, Debtors’ Collection Period and AssetTurnover…
Wildhorse Company has the following information available for September 2022. Unit selling price of video game consoles Unit variable costs Total fixed costs Units sold $470 $329 $50,760 600
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Members of the board of directors of Security One have received the following operating income data for the year ended May 31, 2018: E (Click the icon to view the operating income data.) Members of the board are surprised that the industrial systems product line is not profitable. They commission a study to determine whether the company should drop the line. Company accountants estimate that dropping industrial systems will decrease fixed cost of goods sold by $82,000 and decrease fixed selling and administrative expenses by $10,000. Read the requirements. Requirement 1. Prepare a differential analysis to show whether Security One should drop the industrial systems product line. (Use parentheses or a minus sign to enter decreases to profits.) in operating income Requirements 1. Prepare a differential analysis to show whether Security One should drop the industrial systems product line. 2. Prepare contribution margin income statements to show Security One's total operating income under…
A company has following details for this yearDetails Total sales($) Total cost($) Details Total sales($) Total cost($)Year ended 31/12/2018 35,78,998 25,89,709Year ended 31/12/2019 48,90,742 31,67,984 Calculate P/V ratio, Fixed cost, break even sales, Margin of safety 2018/2019, Variable cost 2018/2019and percent of fixed cost 2018/2019
Sales revenue is $725,700; allocated manufacturing overhead is $95,100; actual manufacturing overhead is $120,500; and cost of goods sold before adjustment is $380,300. What is the actual gross profit? Question 47 options: $224,900 $320,000 $370,800 $345,400
Security First Income Statement For the Year Ended May 31, 2018 Product Line Industrial Household Systems Systems Total Net Sales Revenue $310,000 $330,000 $640,000 Cost of Goods Sold: Variable 35,000 43,000 78,000 Fixed 240,000 64,000 304,000 Total Cost of Goods Sold 275,000 107,000 382,000 Gross Profit 35,000 223,000 258,000 Selling and Administrative Expenses: Variable 68,000 70,000 138,000 Fixed 40,000 22,000 62,000 Total Selling and Administrative Expenses 108,000 92,000 200,000 Operating Income (Loss) $(73,000) $131,000 $58,000 Members of the board of directors of Security First have received the following operating income data for the year ended may 31, 2018. Requirement 1. Prepare a differential analysis to show whether Security First should…
Activity-Based-Costing Last month operating results: A $000 B $000 C $000 Total $000 Sales 250.00 470.00 620.00 1,340.00 Direct costs: Cost of goods sold 200.00 329.00 527.00 1,056.00 Indirect costs: SG &A (20% of DC) 40.00 65.80 105.40 211.20 Operating Profit/(Loss) 10.00 75.20 (12.40) 72.80 Revised Operating profit A $000 B $000 C $000 Total $000 Sales 250.00 470.00 620.00 1,340.00 Direct cost: Cost of good sold 200.00 329.00 527.00 1,056.00 Indirect costs: Shelf space costs 22.50 31.50 36.00 90.00 Handling costs 0 15.00 5.00 20.00 Coupon 3.00 0 12.00 15.00 Shrinkage 1.00 21.00 6.00 28.00 Other indirect costs 11.02 18.14 29.04 58.20 Total costs 237.52 414.64 615.04 1,267.20 Operating profits (Sales-total cost) (250.00-237.52) 12.48 (470.00-414.64) 55.36 (620.00-615.04)…
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Question 3: Sobar Company's financial information is given in the table below. Sales (OMR) Fixed Costs 405000 450000 Variable Costs 225000 240000 Year 2019 90000 | 2020 120000 Calculate: a) P/V ratio, b) B.E.P.
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