Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 58-60 The business staff of the pay Firm Flirt, Kit & SeanD has constructed the following report that breaks down the firm's overall results

Question 58-60 The business staff of the pay Firm Flirt, Kit & SeanD has constructed the following report that breaks down the firm's overall results for last month into three business segmentsfoundation, salon and Kikay kits:

..... Company Total.......................................Foundation..........................Salon..........................Kikay kits

Revenues from clients........................................2,000,000.............................................400,000...............................600,000.................1,000,000

Variable expenses...................................................500,000................................................100,000.................................150,000....................250,000

Traceable fixed expenses...................................800,000.................................................150,000.................................150,000....................500,000

Common fixed expenses.....................................400,000...................................................25,000..................................45,000......................330,000

What is the Segment Margin of Kikay Kits?

A. 750,000

B. (80,000)

C. 250,000

D. None of the choices

What is the total fixed costs of pay Firm Flirt

A. 1,200,000

B. 800,000

C. 400,000

D. NONE OF THE CHOICES

Determine the Net Operating Income of Foundation.

A. 300,000

B. 150,000

C. 125,000

D. NONE OF THE CHOICES

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_2

Step: 3

blur-text-image_3

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

The New Yellow Book Government Auditing Standards

Authors: Rebecca A. Meyer

1st Edition

1119784638, 978-1119784630

More Books

Students also viewed these Accounting questions