Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 4 of 5 .../30 = View Policies Current Attempt in Progress Brislin Company has four operating divisions. During the first quarter of 2020, the

image text in transcribed
image text in transcribed
image text in transcribed
Question 4 of 5 .../30 = View Policies Current Attempt in Progress Brislin Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $200.200 and the following divisional results Sales Division 11 HII $198.000 $495.000 189.000 303.000 66.000 56 000 $157.000) $136.000 $253,000 198,000 74.800 $(19,800) Cost of goods sold Selling and administrative expenses Income Gloss) from operations IV $447.000 254,000 52.000 $141.000 Analysis reveals the following percentages of variable costs in each division Cost of goods sold Selling and administrative expenses 68 % 37 HI 90 % 60 TI 79 49 IV 75 61 Discontinuance of any division would sages0% of the feed costs and expenses for that division. Top management is very concerned about the unprofitable divisions and in. Consensus is that one or both of the divisions should be discontinued (a) Your answer has been saved. See score details after the due date Compute the contribution margin for Divisions and internative amounts using the negative in preceding the number 45 or parentheses es (451) Division Division 11 11700 $ Contribution margin Attempte 1 of ied Attempts: 1 of 1 used (c) Prepare a columnar condensed income statement for Brislin Company, assuming Division Ilis eliminated Division is unavoidable foved costs are allocated equally to the continuing divisions. (Enter negative amounts in either a negative preceding the number eg 45 or parentheseses (451 BRISLIN COMPANY CVP Income Statement For the Quarter Ended March 31, 2020 Divisions HII IV 5 Sales I Variable costs Cost of goods sold Selling and administrative Total variable costs Contribution margin Fixed costs Cost of Boods sold Selling and adwinistrative Total food costs Income Dios from operation $ 5 $ Attempts of used Attempts: 1 of 1 used (c) Prepare a columnar condensed income statement for Brislin Company, assuming Division It is eliminated Division It's unavoidable foxed costs are allocated equally to the continuing divisions. (Enter negative amounts using either agterslan preceding the numbers. 45 or parentheseses (451 BRISLIN COMPANY CVP Income Statement For the Quarter Ended March 31, 2020 Division IV Total $ $ $ Attempts of 1 used Sanofort

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

Cost Management A Strategic Emphasis

Authors: Edward Blocher, David E. Stout, Gary Cokins, Kung Chen

4th Edition

0073128155, 978-0073128153

More Books

Students also viewed these Accounting questions

Question

3. Use mixed-ability groups in cooperative exercises.

Answered: 1 week ago

Question

=+which it operates?

Answered: 1 week ago

Question

=+How should we organize a book to maximize learning and interest

Answered: 1 week ago