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1.Piedmont Company segments its business into two regionsNorth and South. The company prepared the contribution format segmented income statement as shown: fNelter Corporation, which has

1.Piedmont Company segments its business into two regionsNorth and South. The company prepared the contribution format segmented income statement as shown:

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\fNelter Corporation, which has only one product has provided the following data concerning Its most recent month of operations: Selling price 128 walts in beginning inventory Limits produced Units sold units in ending inventory variable costs per unit: Direct materials Direct labor 24 Var lable manufacturing overhead 2 variable selling and administrative expense Fixed costs: Fixed manufacturing overhead $108,158 Fixed selling and administrative expense $ 07.448 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. Prepare a contribution format Income statement for the month using variable costing. b. Prepare an Income statement for the month using absorption costing. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a contribution format income statement for the month using variable costing. Variable Cocting Income Statement Variable expanses: Fixed expenses: \fData for January for Bondi Corporation and Its two major business segments, North and South, appear below: Sales revenues, North $647, 808 Variable expenses, North $375,480 Traceable fixed expenses, North $ 77,380 Sales revenues, South $499, 180 Variable expenses, South $284, 809 Traceable fixed expenses, South $ 64, 680 In addition, common fixed expenses totaled $175.100 and were allocated as follows: $90.800 to the North business segment and 584,200 to the South business segment. A properly constructed segmented Income statement In a contribution format would show that the segment margin of the North business segment Is: Multiple Choice O $103.400 O $375,400 O $194 300 O $190 700Pacheo Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price 118 Waltz In Defining inventory 585 waits produced 2,678 Units sold 2, 878 units in ending Imistory 345 variable costs per unit: Lindt materials 26 Variable manufacturing overhead 1 Variable selling and administratin expanse 121 Fixed costs: Fixed i Anufacturing overhead #68, 758 Fixed selling and actinistrative expense $ 5,348 The company produces the some number of units every month, although the sales In units vary from month to month. The company's variable costs per unit and tote fixed costs have been constant from month to mont. Required: 5. What Is the unit: product cost for the month under verlable coming? b. Prepare s contribution format income statement for the month using variable costing :. Without preparing an income statement, determine the absorption costing net operating Income for the month (Hine: Use the reconci lation method.) Complete this question by entering your answers in the tabs below. What is the unit product cost for the month under variable costing? Cock par Unit Variable costing Required B >Tubaugh Corporation has two major business segments-East and West. In December, the East business segment had sales revenues of $270.000, variable expenses of $150,000. and traceable fixed expenses of $34,000. During the same month, the West business segment had sales revenues of $940,000, variable expenses of $492 000, and traceable fixed expenses of $179.000. The common fixed expenses totaled $266,000 and were allocated as follows: $133.000 to the East business segment and $133,000 to the West business segment. The contribution margin of the West business segment 15: Multiple Choice O $448,000 O $ 37,0001 O $573,000 O $86,000Aco 14 Req 18 Prepare contribution format segmented income statements for the Northern Territory broken down by product line. (Round your per :answers to 1 decimal place [Le. 0: 1234 should be entered as 12 3).] Product Line Northern Territory Pako TID Amount Amount Amount Sales Variable expanses Contribution margin 0.0 0.0 Traceable Ibied expenses Product Inn segment margin D.O 0.0 Common fund expanses Salas Comtory sagmont margin \fRouured C Without preparing an income statement, determine the absorption coating net operating income for the month. (Hint: Us recandliation method.) Rebonelliation of Variable Costing and Absorption Cooting Net Operating IncomeG Why bio costing not opprating incomon (Kas) Aboomoon posting net operating Income (loes] Roquired B Figured C 3Neelon Corporation has two divisions: Southern Division and Northam Division. The following data are for the most recent operating perlod: Total Southern Northern Company Division Division Sales $341, 780 $212,380 $129, 490 Variable expenses $118, 766 $ 72,182 $ 46 , 584 Traceable fixed expenses $168, 490 $ 70,300 $ 98, 109 Common fixed expense $ 68, 340 $ 42,460 $ 25 ,830 The common fixed expenses have been allocated to the divisions on the basis of sales. The Northern Division's break-even sales Is closest to: (Round your Intermediate calculations to 2 decimal places.) Multiple Choice O $153 281 O $192 579 O $170,848 O $210,061\fMurphy Inc., which produces a single product, has provided the following data for his most recent month of operation: number of units produced 12,708 Variable costs par unit: Direct materials Direct labor variable manufacturing overhead variable selling and administrative onposes 17 Fixed costs: Find manufacturing overhead $622,308 Fixed selling and administrative exporties 4254,608 The company had no beginning or ending inventories. Required: a Compute the unit product cost under absorption costing. b. Compute the unit product cost under variable costing. Unit Product Coct n. Absorption costing h. Variable costingRequired A Required B Prepare an income statement for the month using absorpbon costing. Abcoration Costing Income Statement

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