Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vulcan Company's contribution format income statement for June is given below ncome Statement $ 800,000 00.000 470.000 30.000 Net operating income pays performance and is

image text in transcribed
Vulcan Company's contribution format income statement for June is given below ncome Statement $ 800,000 00.000 470.000 30.000 Net operating income pays performance and is deng wiacan be done to m prts By -accor Management is disappor determined the following wete a. The company is divided into two sales terrtones Northem and Southem. The Northem Temtiory recorded $4001000 in saies and $26,000 in vaatle epenses dutng Southem Teritories, respectively. The rest of the fxed expenses are common to the two temtories b. The company is the exclusive distributor for two products-Paks and Tibs Sales of Paks and Tibs totaied $100 ,000 and 300 nespvely in he Nrthem entiony rtystwdeomses dring Jrevanable experses are 15%ofte se!ng price for Paks and 67% for Tbs. Cost fecodstow he ssu00oftsteher, traceable to Paks and $72,000 to Tibs, with the remainder common to the two products Required answers and round your final percentage answers to 1 decimal place 0.12 4 should bennd " 12%) Total Company 216.000 54 84 000 arable expenes 14 000 79 0 500 000 248 000 252.000 222 000 30 00o 62 5 48 0 25 32.000 60 S 2200 790 Common finad 18.1 ncome Vulcan Company's contribution format income statement for June is given below ncome Statement $ 800,000 00.000 470.000 30.000 Net operating income pays performance and is deng wiacan be done to m prts By -accor Management is disappor determined the following wete a. The company is divided into two sales terrtones Northem and Southem. The Northem Temtiory recorded $4001000 in saies and $26,000 in vaatle epenses dutng Southem Teritories, respectively. The rest of the fxed expenses are common to the two temtories b. The company is the exclusive distributor for two products-Paks and Tibs Sales of Paks and Tibs totaied $100 ,000 and 300 nespvely in he Nrthem entiony rtystwdeomses dring Jrevanable experses are 15%ofte se!ng price for Paks and 67% for Tbs. Cost fecodstow he ssu00oftsteher, traceable to Paks and $72,000 to Tibs, with the remainder common to the two products Required answers and round your final percentage answers to 1 decimal place 0.12 4 should bennd " 12%) Total Company 216.000 54 84 000 arable expenes 14 000 79 0 500 000 248 000 252.000 222 000 30 00o 62 5 48 0 25 32.000 60 S 2200 790 Common finad 18.1 ncome

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

Financial Accounting IFRS Principles

Authors: Ilse Lubbe, Goolam Modack, Alex Watson

4th Edition

0199049238, 9780199049233

More Books

Students also viewed these Accounting questions

Question

4. The bank statement showed interest earned of $75.

Answered: 1 week ago

Question

What do you know of my (the interviewers) research program?

Answered: 1 week ago

Question

=+2. How can the revenue model of the music industry be described?

Answered: 1 week ago