Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Analysis of responsibility income statement eBook Prepare an income statement for Butterfield, Inc., by division, under the assumption that in April the monthly sales in
Analysis of responsibility income statement
eBook Prepare an income statement for Butterfield, Inc., by division, under the assumption that in April the monthly sales in Divisio $200,000. (Round your percentage answers to 2 decimal place (l.e. 0.1234 should be considered as 12.34%).) References BUTTERFIELD, INC. Responsibility Income Statement For April Butterfield, Inc. Division 1 Dollars Percent Dollars Percent Division 2 Dollars Percent 1 $ 0 0.00% $ 0 0.00% 0 0.00% Sales Variable costs Contribution margin Fixed costs traceable to divisions Division responsibility margin Common costs Income from operations S 0 0.00% $ 0 0.00 % $ 0 $ 0 0.00 % Required A MGI 202-UUS - Spi ALL 02-002 SPIL PL N . apter 22 Homework Assignment Saved Help Problem 22.5A Analysis of Responsibility Income Statements (LO22-3, LO22-4, LO22-5) Shown as follows are responsibility income statements for Butterfield, Inc., for the month of March. eBook eferences Sales Variable costs Contribution margin Fixed costs traceable to divisions Division responsibility margin Common fixed costs Income from operations Investment Centers Butterfield, Inc Division 1 Division 2 Dollars Dollars Dollars $ 520,000 100.000 $ 340,000 1008 $ 180,000 1000 258,000 49.62 204,000 60 54,000 30 $ 262,000 50.388 $ 136,000 401 $ 126,000 701 157,800 30.35 71,400 21 86,400 48 $ 104,200 20.04 $ 64,600 191 $ 39,600 220 50,000 9.62 $ 54,200 10.428 Sales Variable costs Contribution margin Fixed costs traceable to products Product responsibility margin Common fixed costs Responsibility margin for division Profit Centers Division 1 Product A Product B Dollars Dollars Dollars $ 340,000 1001 $ 136,000 100.000 $ 204,000 100.001 204,000 60 61,200 45.00 142,800 70.00 $ 136,000 401 $74,800 55.000 $ 61,200 30.000 47,600 14,280 10.50 33,320 16.33 $ 88,400 268 $ 60,520 44.501 $ 27,880 13.678 23,800 $ 64,600 Danslar eBook Prepare an income statement for Butterfield, Inc., by division, under the assumption that in April the monthly sales in Divisio $200,000. (Round your percentage answers to 2 decimal place (l.e. 0.1234 should be considered as 12.34%).) References BUTTERFIELD, INC. Responsibility Income Statement For April Butterfield, Inc. Division 1 Dollars Percent Dollars Percent Division 2 Dollars Percent 1 $ 0 0.00% $ 0 0.00% 0 0.00% Sales Variable costs Contribution margin Fixed costs traceable to divisions Division responsibility margin Common costs Income from operations S 0 0.00% $ 0 0.00 % $ 0 $ 0 0.00 % Required A MGI 202-UUS - Spi ALL 02-002 SPIL PL N . apter 22 Homework Assignment Saved Help Problem 22.5A Analysis of Responsibility Income Statements (LO22-3, LO22-4, LO22-5) Shown as follows are responsibility income statements for Butterfield, Inc., for the month of March. eBook eferences Sales Variable costs Contribution margin Fixed costs traceable to divisions Division responsibility margin Common fixed costs Income from operations Investment Centers Butterfield, Inc Division 1 Division 2 Dollars Dollars Dollars $ 520,000 100.000 $ 340,000 1008 $ 180,000 1000 258,000 49.62 204,000 60 54,000 30 $ 262,000 50.388 $ 136,000 401 $ 126,000 701 157,800 30.35 71,400 21 86,400 48 $ 104,200 20.04 $ 64,600 191 $ 39,600 220 50,000 9.62 $ 54,200 10.428 Sales Variable costs Contribution margin Fixed costs traceable to products Product responsibility margin Common fixed costs Responsibility margin for division Profit Centers Division 1 Product A Product B Dollars Dollars Dollars $ 340,000 1001 $ 136,000 100.000 $ 204,000 100.001 204,000 60 61,200 45.00 142,800 70.00 $ 136,000 401 $74,800 55.000 $ 61,200 30.000 47,600 14,280 10.50 33,320 16.33 $ 88,400 268 $ 60,520 44.501 $ 27,880 13.678 23,800 $ 64,600 Danslar 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