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Question - Sparky Electrical Services is organised into three divisions: Metro, Suburban and Regional. Data for these divisions for last year were as follows:
Metro
Suburban
Regional
Service revenue
$950000
$750000
$350000
Variable expenses
150000
100000
50000
Controllable fixed expenses
350000
270000
Fixed expenses controllable by others
180000
40000
In addition to the expenses listed above, the company had $45000 of common fixed costs last year that were not attributable to the three divisions. Income tax expense for the year was $245000.
Required - Prepare a profit statement for Sparky Electrical Services that highlights the profitability/ performance of the three business units and the business unit mangers. Use the contribution format.
Calculate the dividends received deductions for each independent investment scenario assuming:
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