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Profit center responsibility reporting Championship Sports inc. operates two divisions-the Winter Sports Division-and the Summer Sports Division. The following income and expense aczounts aere provided
Profit center responsibility reporting Championship Sports inc. operates two divisions-the Winter Sports Division-and the Summer Sports Division. The following income and expense aczounts aere provided from the trial balance as of December 31, 20Y9, the end of the fiscal yeac, after all adjustments, including those for inventories, were recorded and posted: The bases to be used in allociting expenses, together with other information, are as follows: lading. c. Accounts receivable collection expense-incurred at beadquarters, allocated to divisibes at a rate of 17 per isveice: Wintar sports Devisor, isase saies inveces: Summer Sports Division, 15,400 sales impoices. Division, 200,000 square feet. Prepare a divisionai income statement with two column headingin Winter sports Dwision and Sumener soerts Divasen be not round rour imterim caleulatiens. Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your interim ealculations. Championship 5 ports Inc. Divisional Income statements Provide supporting computations for mpport departmert allocations. If required, round per unit amounts to two decimal places and final answers to the nearest dollar. Provide supporting computations for support department allocations. If required, round per unit amounts to two decimal places and final answers to the nearest dollar
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