Prepare a segmented income statement

Assignment Help Financial Accounting

Reference no: EM1378217

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

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 given: $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; illustrate only dollar amounts.

Reference no: EM1378217

Questions Cloud

Find risk & cost associated with redesigning an organization : Throughout times of change, one of the 1st things some leaders do is to reorganize or redesign their organizations. Discuss and explain the advantages and disadvantages of redesigning an organization?

Explain national versus international : Explain National versus International, Find an established domestic company in your area that you consider has the potential to succeed in an international market

Prepare entry to record issuance of convertible bond : Prepare the entry to record issuance of the convertible bonds and prepare the entry to record interest expense at October 1, 2011.

Explain service marketing : Explain Service Marketing, Identify the differences among product and service marketing. For instance how does Ashford market its services (education) differently than businesses

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

Explain price and ethics : Explain Price and Ethics, Deliberate the ethics of pricing products to match the value that consumers are willing to pay for products (e.g., $2.50 bottle of water $150

Are securities registered in the corporation name : Explain the manner in which each of the above procedures might be tested and are securities registered in the corporation name?

The business model-capabilities as well as core competencies : Identify their resources, capabilities as well as core competencies. Write one finding of fact with a fully justified recommendation or justification one page in length

Is purpose of religious publications a tax exempt purpose : Is the purpose of Religious Publications a tax exempt purpose? Would it make any difference if Religious Publications had been established by a definite religious group and worked only for that group?

User Account

All Pages