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I will rate the correct answer. Thank you in advance! Shown as follows are responsibility income statements for Butterfield, Inc., for the month of March
I will rate the correct answer. Thank you in advance!
Shown as follows are responsibility income statements for Butterfield, Inc., for the month of March Investment Centers Butterfield, Inc Division 1 Dollars Division 2 Dollars Dollars Sales Variable costs Contribution margin Fixed costs traceable to divisions Division responsibility margin Common fixed costs Income from operations $440,000 100.00%$. 299,000 174,008 100%$. 150,000 100% 30 70% 48 22% 219,000 49.7 60 45,000 $ 221,000 $ 88,100 $ 38,100 50.23% $, 116,000 40% 105,000 132,900 30.20 60,900 05 , 100 72,000 33, 19% 20.02% $ 11.36 $ 50,000 8.66% Profit Centers Product A Division 1 Product B Dollars $ 290,000 174,000 $ 116,000 40,600 $ 75,400 20,300 $ 55,100 Dollars 116,000 Dollars 174,000 121,800 100% 100.00% $. 100 . 00% 70.00 sales Variable costs Contribution margin Fixed costs traceable to products Product responsibility margin Common fixed costs Responsibility margin for division 60 40% 63,800 55.00% $52,200 30.00% 14 26% $ 51,620 44.50% $ 23,780 13.67% 52,2004.0 12,18016.58 28,420 16.33 19% e. Prepare an income statement for Butterfield, Inc., by division, under the assumption that in April the monthly sales in Division 2 increase to $170,000 Prepare an income statement for Butterfield, Inc., by division, under the assumption that in April the monthly sales in Division 2 increase to $170,000, (Round your percentage answers to 2 decimal place (i.e. 0.1234 should be considered as 12.34%).) BUTTERFIELD, INC Responsibility Income Statement For April Butterfield, Inc Division 1 Division2 Dollars Percent Dollars Percent Dollars Percent 0.00 | %| $ 0 0.00% | $ 0.00 % 0 0.00 | %| $ 0.00 | % | $ 0.00 % 0.00 %Step by Step Solution
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