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4 Part 2 of 2 0.14 points eBook Required information [The following information applies to the questions displayed below.) Jorgansen Lighting, Incorporated, manufactures heavy-duty street
4 Part 2 of 2 0.14 points eBook Required information [The following information applies to the questions displayed below.) Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Inventories Beginning (units) Ending (units) Variable costing net operating income Year 1 Year 2 Year 3 210 160 160 200 200 230 $ 300,000 $279,000 $ 250,000 Print References The company's fixed manufacturing overhead per unit was constant at $570 for all three years. 2. Assume in Year 4 that the company's variable costing net operating income was $250,000 and its absorption costing net operating income was $300,000. a. Did inventories increase or decrease during Year 4? O Increase O Decrease b. How much fixed manufacturing overhead cost was deferred or released from inventory during Year 4? Fixed manufacturing overhead cost inventory during Year 4 Saved Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow. Chap 7: Exercises (1 pt) i 5 0.14 points Selling price per unit Variable expenses per unit eBook Print Traceable fixed expenses per year Product Weedban $ 10.00 Greengrow $ 36.00 $ 13.00 $ 40,000 $ 2.30 $ 130,000 Last year the company produced and sold 45,000 units of Weedban and 22,500 units of Greengrow. Its annual common fixed expenses are $102,000. Required: Prepare a contribution format income statement segmented by product lines. References Product Line Total Company Weedban Greengrow Chap 7: Exercises (1 pt) 6 Saved 0.14 points eBook Print References Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income Required: Total Company $ 1,156,250 46,250 185,000 786,250 370,000 156,000 214,000 North $925,000 740,000 185,000 78,000 $ 107,000 South $ 231,250 78,000 $ 107,000. 68,000 $146,000 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.) 1. Dollar sales for company to break-even 2. Dollar sales for North segment to break-even 3. Dollar sales for South segment to break-even
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