Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4. The division managers were able to provide reliable sales percentages for their product lines by geographical area. Percentage of Unit Sales United States Canada
4. The division managers were able to provide reliable sales percentages for their product lines by geographical area. Percentage of Unit Sales United States Canada Asia Furniture 30% 10% 60% Sports 30% 30% 40% Appliances 20% 20% 60% Murphy prepared the following product-line income statement based on the data presented above PACIFIC RIMINDUSTRIES Segmented Income Statement by Product Lines For the Fiscal Year Ended April 30, 20x0 Product Lines Furniture Sports Appliances Unallocated Total Sales in units 200,000 220,000 200,000 $8,800,000 Sales 1,400,000 $4,400,000 $3,000,000 Variable manufacturing $5,954,000 1,200,000 2,662,000 2,092,000 and selling costs 200,000 $1,738,000 908,000 Contribution margin $2,846,000 Fixed costs: Fixed manufacturing 100,000 229,000 188,000 517,000 overhead Depreciation 110,000 142,000 65,000 417,000 Administrative and selling 127,000 148,000 83,000 882,000 1,240,000 expenses Total fixed costs 337,000 519,000 436,000 882,000 $2,174,000 (137,000) $1,219,000 472,000 $(882,000 672,000 Operating income (loss)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started