Homework Saved Help Save & Exit Submit Check my work 2 Vulcan Company's contribution format income statement for June is as follows: Vulcan Company Income Statement For the Month Ended June 30 Sales $ 960,000 variable expenses Contribution margin 560,000 Tixed expenses Het operating income $ 65,000 LE 27.5 points BOOK Print References ME Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining sales and cost records, you have determined the following: a. The company is divided into two sales territories --Northern and Southern The Northern Territory recorded $400,000 in sales and $176,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory Fixed expenses of $192,000 and $117.600 are traceable to the Northern and Southern Territories, respectively. The rest of the freed expenses are common to the two territories b. The company is the exclusive distributor for two products--Paks and Tibs. Sales of Paks and Tibs totaled $100,000 and $300.000, respectively, in the Northern Territory during June. Variable expenses are 20% of the selling price for Paks and 52% for Tibs. Cost records show that $40,000 of the Northern Territory's fixed expenses are traceable to Paks and $60,000 to Tibs, with the remainder common to the two products. Required: 1-a. Prepare contribution format segmented income statements for the total company broken down between sales territories 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. Complete this question by entering vour answers in the tabs below. Seved Save & Exit Submit Check my work 2 Required: 1-a. Prepare contribution format segmented income statements for the total company broken down between sales territories 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. 27.5 pois Complete this question by entering your answers in the tabs below. Book Reg 1A Reg 10 References Prepare contribution format segmented Income statements for the total company broken down between sales territories (Round the percentage answers to one decimal place (.e.1234 should be entered as 12.3).) Total Company Amount % Northern Amount Sales Territory Southern Amount Reg 18> ME GA Submit Check my werk 3 Denton Company manufactures and sells a single product Cost data for the product are given 27.5 points 10 3 Bock Variable costs per unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Tixed conte per month Pixed manufacturing overhead Pixed selling and administrative Total fixed cost per month $ 19 Print References $ 105,000 160.000 $ 265,000 The product sells for $50 per unit. Production and sales data for July and August, the first two months of operations, follow Unita Bold July August Units Produced 21.000 21,000 25,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August July August Sales $ 850,000 $1,250,000 Coat of goods sold 357,000 525.000 Gross margin 493,000 725,000 Selling and administrative expenses 211,000 235.000 $ 202,000 490.000 Net operating income Mc Check my work 3 30, 357,000 bales Cost of goods sold Gross margin Selling and administrative expenses Net operating income 525.000 725,000 235,000 211,00 $ 292,000 27.5 points eBook Required: 1. Determine the unit product cost under: a. Absorption costing. b. Variable costing 2. Prepare variable costing income statements for July and August 3. Reconcile the variable costing and absorption costing net operating incomes. Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the unit product cost under: (a) Absorption costing, (b) Variable costing Unit Product Cost Absorption costing Variable costing Required 2 > Me Gew Chapter 6 - Homework Sarved Help Save & But Submit Check my work 3 Required 1 Required 2 Required 3 Prepare variable costing income statements for July and August 27.5 points Denton Company Variable Costing Income Statement July eBook August Print References Not operating income (los) M Saved Help Save & Ext Submit Check my work 3 3. Reconcile the variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. 27.5 points Book Required 1 Required 2 Required 3 Reconcile the variable costing and absorption costing net operating incomes. (Enter any losses or deductions as a negative value.) Paint References Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes August Variable costing net operating income (loss) Add (deduct) fixed manufacturing overhead cost deferred in (released from) inventory under absorption costing Absorption costing net operating income (los) Chapter 6 - Homework Saved Help Save & Exit Submit Check my work 2 Vulcan Company's contribution format income statement for June is as follows: Vulcan Company 27.5 points Skipped Income Statement For the Month Ended June 30 Sales $ 960,000 Variable expenses 400,000 Contribution margin 560,000 Fixed expenses 495,000 Net operating income $ 65,000 eBook Print References Management is disappointed with the company's performance and is wondering what can be done to Improve profits. By examining sales and cost records, you have determined the following: a. The company is divided into two sales territories-Northern and Southern The Northern Territory recorded $400,000 in sales and $176,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $192.000 and $117,600 are traceable to the Northern and Southern Territories, respectively. The rest of the fored expenses are common to the two territories b. The company is the exclusive distributor for two products---Paks and Tibs. Sales of Paks and Tibs totaled $100,000 and $300,000, respectively, in the Northern territory during June. Variable expenses are 20% of the selling price for Paks and 52% for Tibs. Cost records show that $40,000 of the Northern Territory's fixed expenses are traceable to Paks and $60,000 to Tibs, with the remainder common to the two products, Required: 1-a. Prepare contribution format segmented income statements for the total company broken down between sales territories 1-6. Prepare contribution format segmented Income statements for the Northern Territory broken down by product line. Complete this question by entering vour answers in the tabs below. Prev 2 of 4 !!! ME Grow Next > NA CS Scanned with CamScanner Om for barchive Chapter 6 - Homework Saved Help Save & tak Submit Check my work 2 common to the two preouers. 1-2-20 at 2 AM Required: 1-a. Prepare contribution format segmented income statements for the total company broken down between sales territories 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. 275 points 149.JPG Complete this question by entering your answers in the tabs below. Rea 1 Reg 1B Prepare contribution format segmented income statements for the total company broken down between sales territories (Round the percentage answers to the decimal place (.e.1234 should be entered as 12:33) Sales Territory Total Company Northern Southern Amount Amount Amount ol 00 0 00 0 O 005 0 008 0 23499-19 080.1 0 00 10. HEC Dalam moealistancesesa" u MacBook Pro Chapter 6 - Homework Sed Help Save & Exit Submit Check my work 3 Denton Company manufactures and sells a single product. Cost data for the product are given 27.5 points Variable costs per unit Direct materials Direct labor Variable sanafacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs per month Pixed manufacturing overhead Fixed selling and administrative Total fixed cost per month - | $ 105,000 160,000 $ 265,000 References The product sells for $50 per unit. Production and sales data for July and August, the first two months of operations, follow. als Unita Produced 21,000 21,000 July August Sold 17.000 25,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August July August Sales $ 350,000 $1,250,000 Cost of goods sold 357.000 Gross margin 493,000 725,000 Selling and administrative expenses 211,000 235,000 Het operating inte 5 202.000 5 490.000 CS Scanned with CamScanner Check my work 3 Sales Cost of goods sold Gross margin Selling and administrative expenses set operating income July $ 850,000 357.000 493,000 211.00D $ 212,000 August $1,250,000 525,000 125,000 235.000 $ 490,000 275 points supped Required: 1. Determine the unit product cost under: a. Absorption costing b. Variable costing 2. Prepare variable costing income statements for July and August 3. Reconcile the variable costing and absorption costing net operating incomes. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required) Determine the unit product cost under: (a) Absorption costing. (D) Variable costing. Unit Product Cost a Absorption costing D. Variable costing Required CS Scanned with CamScannerook Pro Required 1 Required 2 Required 3 275 points Prepare variable costing income statements for July and August Skipped Denton Company Variable Costing Income Statement July eBook August References 0 0 0 0 0 0 $ 0$ 0 Net operating income foss) Me Grow Mill CS Scanned with CamScanner MacBook Pro Chapter 6 - Homework Saved Help 3 Net operating income $ 282,000 $ 490,000 27.5 points Required: 1. Determine the unit product cost under: a. Absorption costing b. Variable costing. 2. Prepare variable costing income statements for July and August 3. Reconcile the variable costing and absorption costing net operating incomes. Skipped eBook Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Required 3 Reconcile the variable costing and absorption costing net operating Incomes. (Enter any losses or deductions as a negative value.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes July August Variable costing net operating income (loss) Add (deduct) fixed manufacturing overhead cost deferred in (released from) inventory under absorption costing Absorption costing net operating income (loss) 8 S CS Scanned with CamScanner MacBook Pro