{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T15:08:57-04:00", "answer_date": "2024-05-26 15:08:57", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1745968", "url": "\/study-help\/questions\/xsport-sporting-goods-co-operates-two-divisionsthe-winter-sports-division-1745968", "question_creation_date_js": "2024-05-26T15:08:57-04:00", "question_creation_date": "May 26, 2024 03:08 PM", "meta_title": "[Solved] XSport Sporting Goods Co. operates two di | SolutionInn", "meta_description": "Answer of - XSport Sporting Goods Co. operates two divisions-the Winter Sports Division and the Summer Sports Division. The follow | SolutionInn", "meta_keywords": "xsport,sporting,goods,operates,two,divisions-,winter,sports,division,summer,income,expense", "question_title_h1": " XSport Sporting Goods Co. operates two divisions-the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from", "question_title": " XSport Sporting Goods Co. operates two divisions-the Winter Sports Division and", "question_title_for_js_snippet": "XSport Sporting Goods Co operates two divisions the Winter Sports Division and the Summer Sports Division The following income and expense accounts were provided from the trial balance as of December 31, 2019, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted Sales Winter Sports Division $33,915,000 Sales Summer Sports Division 37,468,000 Cost of Goods Sold Winter Sports Division 20,349,000 Cost of Goods Sold Summer Sports Division 21,641,000 Sales Expense Winter Sports Division 5,814,000 Sales Expense Summer Sports Division 5,168,000 Administrative Expense Winter Sports Division 3,391,500 Administrative Expense Summer Sports Division 3,326,900 Advertising Expense 1,027,000 Transportation Expense 370,800 Accounts Receivable Collection Expense 207,900 Warehouse Expense 3,230,000 The bases to be used in allocating expenses, together with other essential information, are as follows a Advertising expense incurred at headquarters, charged back to divisions on the basis of usage Winter Sports Division, $482,000 Summer Sports Division, $545,000 b Transportation expense charged back to divisions at a charge rate of $12 per bill of lading Winter Sports Division, 14,700 bills of lading Summer Sports Division, 16,200 bills of lading c Accounts receivable collection expense incurred at headquarters, charged back to divisions at a charge rate of $7 per invoice Winter Sports Division, 13,700 sales Invoices Summer Sports Division, 16,000 sales invoices d Warehouse expense charged back to divisions on the basis of floor space used in storing division products Winter Sports Division, 150,000 square feet Summer Sports Division, 190,000 square feet Prepare a divisional income statement with two column headings Winter Sports Division and Summer Sports Division Do not round your interim calculations XSport Sporting Goods Co Divisional Income Statements", "question_description": "\"image\"image\"image", "transcribed_text": "XSport Sporting Goods Co. operates two divisions-the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 2019, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: Sales-Winter Sports Division $33,915,000 Sales-Summer Sports Division 37,468,000 Cost of Goods Sold-Winter Sports Division 20,349,000 Cost of Goods Sold-Summer Sports Division 21,641,000 Sales Expense-Winter Sports Division 5,814,000 Sales Expense-Summer Sports Division 5,168,000 Administrative Expense-Winter Sports Division 3,391,500 Administrative Expense-Summer Sports Division 3,326,900 Advertising Expense 1,027,000 Transportation Expense 370,800 Accounts Receivable Collection Expense 207,900 Warehouse Expense 3,230,000 The bases to be used in allocating expenses, together with other essential information, are as follows: a. Advertising expense-incurred at headquarters, charged back to divisions on the basis of usage: Winter Sports Division, $482,000; Summer Sports Division, $545,000. b. Transportation expense-charged back to divisions at a charge rate of $12 per bill of lading: Winter Sports Division, 14,700 bills of lading; Summer Sports Division, 16,200 bills of lading. c. Accounts receivable collection expense-incurred at headquarters, charged back to divisions at a charge rate of $7 per invoice: Winter Sports Division, 13,700 sales Invoices; Summer Sports Division, 16,000 sales invoices. d. Warehouse expense-charged back to divisions on the basis of floor space used in storing division products: Winter Sports Division, 150,000 square feet; Summer Sports Division, 190,000 square feet. Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your interim calculations. XSport Sporting Goods Co. Divisional Income Statements", "related_book": { "title": "Intermediate Accounting principles and analysis", "isbn": "471737933, 978-0471737933", "edition": "2nd Edition", "authors": "Terry d. Warfield, jerry j. weygandt, Donald e. kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/117.jpg", "uri": "\/textbooks\/intermediate-accounting-principles-and-analysis-2nd-edition-117", "see_more_uri": "" }, "free_related_book": { "isbn": "0593792645", "uri": "\/textbooks\/the-fraud-a-novel-978-0593792643-117988", "name": "The Fraud A Novel", "edition": "" }, "question_posted": "2024-05-26 15:08:57", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/human-resource-management-\/from-our-discussions-of-recent-criticisms-of-research-into-cultural-1281957", "description": "From our discussions of recent criticisms of research into cultural differences: Can we safely assume the existence of single national cultures? 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