Solution-Prepare a segmented income statement

Prepare a segmented income statement

Reference no: EM13508973

Data for December concerning Dinnocenzo Corporation's two major business segments-Fibers and Feedstocks-appear below:

Sales revenues, Fibers
$870,000
Sales revenues, Feedstocks
$820,000
Variable expenses, Fibers
$426,000
Variable expenses, Feedstocks
$344,000
Traceable fixed expenses, Fibers
$148,000
Traceable fixed expenses, Feedstocks
S156,000

Common fixed expenses totaled $314,000 and were allocated as follows: $129,000 to the Fibers business segment and $185,000 to the Feedstocks business segment.

Required:

Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.

Reference no: EM13508973

Questions Cloud

How far has the cart rolled before jill catches it : Jill has just gotten out of her car in the grocery store parking lot. The parking lot is on a hill and is tilted 3 degrees. How far has the cart rolled before Jill catches it

Calculate the cost of preferred stock : If Gem Systems sells a new issue of preferred stock carrying a par value of $100 but with an annual dividend of 10% of par, what is the cost of this newly issued preferred stock if the firm nets $90.00 per share after flotation costs?

Find the magnitude of the trains acceleration : A toy train is pushed forward and released at with a speed of 2.0 m/s. It rolls at a steady speed for 2.0 s, What is the magnitude of the train's acceleration after its wheel begins to stick

Find the temperature of the surface of the sun : The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.42 × 1026 W. Assuming that it is a perfect emitter, what is the temperature of the surface of the Sun

Prepare a segmented income statement : Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.

At what level of unit sales will the company break even : Canvas Reproductions has fixed operating costs of $12,500 and variable operating costs of $10 per unit and sells its paintings for $25 each. At what level of unit sales will the company break even in terms of EBIT?

What is chicos degree of operating leverage : The firm incurs fixed operating costs of $30,000 and variable operating costs of $12 per unit. What is Chico's degree of operating leverage (DOL) at a base level of sales of 15,000 units?

Differences between product and period costs : What are the differences between product and period costs - why is it important to properly distinguish one type of cost from the other?

Find the speed of the second bead just after the collision : A 0.400-kg bead slides on a frictionless, curved wire, starting from rest at pt A, Find the speed of the second bead just after the collision

User Account

All Pages

Prepare a segmented income statement

Reference no: EM13508973

Reference no: EM13508973

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT