Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Total Company $ 1,156,250

image text in transcribed
image text in transcribed
Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Total Company $ 1,156,250 786,250 370,000 North $925,000 740, eee 185,000 South $231,250 46,250 185,eee 156,000 78,eee Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income 78, eee $107,600 $107, eee 214, eee 68,000 $ 146,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break even point in dollar sales for the North region. 3. Compute the break even point in dollar sales for the South region. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.) 1. Dollar sales for company to break even 2 Dollar sales for North segment to break-even 3. Dollar sales for South segment to break-even The Southern Corporation manufactures a single product and has the following cost structure $ $ 33 13 Variable costs per unit: Production Selling and administrative Fixed costs per year: Production Selling and administrative $217, 218 $195,490 Last year, 7490 units were produced and 7,390 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be: Multiple Choice O $2.900 less than under absorption costing 0 $7390 greater than under absorption costing 12 12 Next >

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

Applying IFRS Standards

Authors: Ruth Picker, Kerry Clark, John Dunn, David Kolitz, Gilad Livne, Jance Loftus, Leo Van Der Tas

4th Edition

1119159229, 9781119159223

More Books

Students also viewed these Accounting questions