Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called

1.Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $666. Selected data for the company's operations last year follow:

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Vulcan Company's contribution formet income statement for June is as follows: vulcan Company Income Statement For the Month Ended June 28 sales $ 908, BE3 Variable expenses 408, BB3 Contribution margin 492, BE3 Fixed expenses Net operating income 37. 083 Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining sales and cost records, you have determined the following: 8. The company is divided into two sales territories-Northern and Southern. The Northern Territory recorded $400,000 in sales and $168,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $204,000 and $120,000 are traceable to the Northern and Southern Territories, respectively. The rest of the fixed expenses are common to the two territories. b. The company is the exclusive distributor for two products-Poks and Tibs. Sales of Paks and Tribe totaled $210,000 and $190,000. respectively, in the Northern territory during June. Variable expenses are 23% of the selling price for Paks and 63%: for Tibs. Cost records show that $90.300 of the Northern Territory's fixed expenses are traceable to Poks and $34,200 to Tibs, with the remainder common to the two products. Required: 1-e. Prepare contribution format segmented income statements for the total company broken down between soles territories. 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. Complete this question by entering your answers in the tabs below. Req 14 Req 10 Prepare contribution format segmented income statements for the total company broken down between sales territories. ( Round your percentage answers to 1 decimal place (Le. 0.1234 should be entered as 12.3).) Sales Territory Total Company Northern Southern Amount 36 Amount Amount 0.0 0.0 0.0 5 0.0 5 0.0 0.0Complete this question by entering your answers in the tabs below. Req 14 Rey 1B Prepare contribution format segmented income statements for the Northern Territory broken down by product line. (Round your percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3).} Product Line Northern Territory Pake TIbe Amount Amount Amount 0.0 0 D.O 0.0 0.0 S D.O S 0.0 0.0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Statistics

Authors: Mario F. Triola

12th Edition

0321836960, 978-0321836960

Students also viewed these Accounting questions

Question

Under what conditions are two qualitative variables independent?

Answered: 1 week ago