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BlueExorcistReaper
10.03.2020 •
Business
Segmented Income Statement Gorman Nurseries Inc. grows poinsettias and fruit trees in a green house/nursery operation. The following information was provided for the coming year. Poinsettias Fruit Trees Sales $970,000 $3,100,000 Variable cost of goods sold 460,000 1,630,000 Direct fixed overhead 160,000 200,000 A sales commission of 4% of sales is paid for each of the two product lines. Direct fixed selling and administrative expense was estimated to be $146,000 for the poinsettia line and $87,000 for the fruit tree line. Common fixed overhead for the nursery operation was estimated to be $800,000; common selling and administrative expense was estimated to be $450,000. Required: Prepare a segmented income statement for Gorman Nurseries for the coming year, using variable costing. Note: Enter all amounts as positive numbers except operating loss, if applicable.
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Ответ:
Answer
A= Net operating loss = (924800)
B= Net operating profit = $9000
Explanation: A B
(Poinsettia) (Fruit tree)
$ $
Sales =970000 ; = 3100000
less: Variable cost of goods sold = (460000) ; =(1630000)
Gross contribution margin 510000 ; 1470000
Less: Selling expense (4% o sales)
A (970000*4%)
B(310000 *4%) ( 38800) ; ( 124000)
Contribution margin 471200 ; 1346000
Less: Fixed overheads (800000) ; (800000)
(328800) ; 546000
less: Fixed Selling & admin expense (146000) ; (87000)
(474800) ; (459000)
Less: Common selling and admin expense (450000) ; (450000)
Net operating income /( loss) (924800) ; 9000
Ответ:
thanks
Explanation: