Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fruitas Inc ( Fruitas ) Euitas has the fol lowing segment information: Pastry, Fruit Juices & Desserts, and Fast Food. Data concerning the company s

Fruitas Inc(Fruitas)
Euitas has the fol lowing segment information: Pastry, Fruit Juices & Desserts, and Fast Food. Data concerning the company s financial performance for the year ended December 31,2022, is as fol lows:
\table[[Segment/Costs,Pastry,\table[[Fruit Juices and],[Desserts]],Fast Food],[(In Thousands),,,P789,500],[Sales,P284,220,373,000,178,750],[Variable Expenses,P264,000,91,000,145,000],[\table[[Traceable Fixed],[Expenses]],,,]]
In 2022, the total common fixed expenses amounted to P175,540(in thousands).
This is the Contribution Format Segmented Income Statement:
Fruitas, Inc.
Contribution Format Segmented Income Statement
For the year en ded 31 December, 2022
\table[[,TOTAL,SEGMENTS],[(in thousands),,Pastry,\table[[Fruit Juices],[and Desserts]],Fast Food],[Sales,P1,757,500,789,500,643,000,325,000],[Less: Variable Expenses,835,910,284,220?,372,940?,178,750?
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Glencoe Accounting Concepts Procedures Applicatons

Authors: McGraw-Hill Education

3rd Edition

0028036174, 978-0028036175

More Books

Students also viewed these Accounting questions

Question

What is ingratiation influencing?

Answered: 1 week ago