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Profit center responsibility reporting of December 31 , 20Y9, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and
Profit center responsibility reporting of December 31 , 20Y9, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: The bases to be used in allocating expenses, together with other information, are as follows: Division, 40,000 sales invoices. feet. Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your intermediate calculations. Championship Sports Inc. Divisional Income Statements For the Year Ended December 31, 20Y9 Sales Cost of goods sold Gross profit Divisional selling and administrative expenses: Divisional selling expenses Divisional administrative expenses Operating income before support department allocations selling and administrative expenses Support department allocations: Odvertising expense Transportation expense Operating income Accounts receivable collection expense Warehouse expense Provide supporting computations for support department allocations. If required, round per unit amounts to two decimal places and final answers to the nearest dollar. Championship Sports Inc. Support Department Allocations For the Year Ended December 31, 20Y9 For the Year Ended December 31, 20Y9 Advertising expense Transportation rate per bill of lading Number of bills of lading Transportation expense Accounts receivable collection rate Number of sales invoices Accounts receivable collection expense Warehouse rate per sq. ft. Number of square feet Warehouse expense
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