Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vulcan Company contribution format income statement for Junes as follows: wice Incostat Sales Variante . terting in 12.00 Management is disappointed with the company's performance

image text in transcribed
image text in transcribed
image text in transcribed
Vulcan Company contribution format income statement for Junes as follows: wice Incostat Sales Variante . terting in 12.00 Management is disappointed with the company's performance and is wondering what can be done to prove profits. By examining sales and cost records, you have determined the following The comparis divided into two sales territories - Northern and Southern The Northern Territory recorded $400.000 in sales and $200,000 in variable expenses during June remaining sales and variable excenes were recorded in the Southem Termory Foed expenses of $180.000 and $145.000 are traceable to me Nonem and som D. The company is the exclusive distributor for two products. Paks and Tios Soles of Poils and tos totale 500.000 and $240.000, respectively, in the Northern territory during June Variable expenses are 28 of the selling price for Pars and 68 for Tok Cou records show that $70,400 of the Northern Territory's twed expenses are traceable 10 Pak and $55.200 to Tits, with the remainder common to the two products Required: Je Prepare contribution format segmented income statements for the total company broken down between sales territories 1-5. Prepare contribution format segmented income statements for the Northern Territory broken down by product line wequirea: 1-a. Prepare contribution format segmented income statements for the total company broken down between sales territories 1b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Prepare contribution format segmented income statements for the total company broken down between sales territories (Round the percentage answers to one decimal place (.e.1234 should be entered as 12,3).) Sales Territory Total Company Northern Southern Amount Amount Amount % 0 00 0 0.0 0 00 0 00 $ 0 0.0 5 0 0.0 $ 0 0.0 Req 1A Reg 18 Prepare contribution format segmented income statements for the Northern Territory broken down by product line. (Round the percentage answers to one decimal place (i.e 1234 should be entered as 12.3).) Northern Territory Amount Paks Amount Product Line Tibs % Amount % 0 00 0 00 0 0.0 0 005 0 005 0 0.0 0 0 0

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

Financial Investigation And Forensic Accounting

Authors: George A Manning

3rd Edition

0367864347, 9780367864347

More Books

Students also viewed these Accounting questions