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need answers as soon as possible Bharat Curry Foods (BCF) prepares and sells frozen curry dinners. The company reported the following operating results for 2021,
need answers as soon as possible
Bharat Curry Foods (BCF) prepares and sells frozen curry dinners. The company reported the following operating results for 2021, in which there were no inventories of dinners at the beginning and end of the year BHARAT CURRY FOODS Income Statement For the Year Ended December 31, 2021 Sales $2,260,000 Cost of goods sold 1,306,000 Gross margin 954,000 Selling and administrative expenses 609,000 Operating income $ 345,000 BCF sells two types of curry foods--chicken and lamb--and operates in Ontario and western Canada. Information on sales and costs is as follows: Chicken Lamb Total 34% 24 58% 21% 21 42% 55% 45 100% Regional sales percentage of national sales: Ontario Western Canada Total Costs as percentage of regional sales: Variable production costs Variable selling expenses Fixed ensts hynnoduct: 41% 13% 41% 13% 13% 13% Variable selling expenses Fixed costs by product: Traceable fixed expenses Common fixed costs $130,000 $ 65,000 $ 65,000 Remainder of total costs The following information is for lamb products only: Western Canada Ontario Total Costs as percentage of regional lamb sales: Variable production costs Variable selling expenses Fixed costs by region: Traceable fixed expenses 46% 12% 36.00% 14% $26,000 $39,000 $65,000 2. Prepare, in good form, a segmented performance report for lamb curry dinners by region (Round "Percentage" answers to 2 decimal places, (i.e., 0.1234 should be considered as 12.34%). Round your answers to nearest dollar amount.) BHARAT CURRY FOODS Income Statement Segmented by Region for Lamb Products For the Year Ended 2021 Ontario Western Canada Total Less: Variable costs Less: Fixed costs Bharat Curry Foods (BCF) prepares and sells frozen curry dinners. The company reported the following operating results for 2021, in which there were no inventories of dinners at the beginning and end of the year. BHARAT CURRY FOODS Income Statement For the Year Ended December 31, 2021 Sales $2,260,000 Cost of goods sold 1,306,000 Gross margin 954,000 Selling and administrative expenses 609,000 Operating income $ 345,000 ook int rences BCF sells two types of curry foods-chicken and lamb-and operates in Ontario and western Canada Information on sales and costs is as follows Chicken Lamb Total 34% 24 58% 21% 21 423 55% 45 100% Regional sales percentage of national sales: Ontario Western Canada Total Costs as percentage of regional sales: Variable production costs Variable selling expenses Fixed cncthu hroduct 42% 13% 413 13% 1. Prepare, in good form, an income statement segmented by product line, showing the corresponding company totals. Use Exhibit 12- 3 as a guide. (Round "Percentage" answers to 2 decimal places, (i.e., 0.1234 should be considered as 12.34%). Round your answers to nearest dollar amount.) BHARAT CURRY FOODS Segment Performance Report For the Year Ended 2021 Chicken Lamb Total Less: Variable costs Less: Fixed costs NStep by Step Solution
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