Vishnu Piedmont Company segments its business into two regions-North and South. The company prepared the contribution formatsegmented income statement as shown:SalesVariable expensesContribution marginTraceable fixed expensesSegment marginCommon fixed expenses240,000120,000Total Company$ 600,000360,000North$ 400,000South$ 200,000280,00080,000120,00060,000120,00060,000120,000$ 60,000$ 60,00050,000$ 70,000Net operating incomeRequired:1. Compute the companywide break-even point in dollar sales.2. Compute the break-even point in dollar sales for the North region.3. Compute the break-even point in dollar sales for the South region.Answer is complete but not entirely correct.1. Dollar sales for company to break even2. Dollar sales for North segment to break even3. Dollar sales for South segment to break even$ 140,000 ×$335,000 ×$83,750X

Break even point :— It is the point of production where total cost is equal to total revenue. At…

Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Total Company $ 600,000 360,000 240,000 120,000 120,000 50,000 $ 70,000 North $ 400,000 280,000 South $ 200,000 120,000 60,000 $ 60,000 80,000 120,000 60,000 $ 60,000 Net operating income Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. Answer is complete but not entirely correct. 1. Dollar sales for company to break even $ 140,000 2. Dollar sales for North segment to break even $335,000 3. Dollar sales for South segment to break even $ 83,750x

Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Total Company $ 600,000 360,000 240,000 120,000 120,000 50,000 $ 70,000 North $ 400,000 280,000 South $ 200,000 120,000 60,000 $ 60,000 80,000 120,000 60,000 $ 60,000 Net operating income Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. Answer is complete but not entirely correct. 1. Dollar sales for company to break even $ 140,000 2. Dollar sales for North segment to break even $335,000 3. Dollar sales for South segment to break even $ 83,750x

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Saved Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Total Company $ 750,000 450,000 300,000 144,000 North $ 500,000 350,000 150,000 72,000 South $ 250,000 100,000 150,000 72,000 $ 78,000 Segment margin 156,000 2$ 78,000 Common fixed expenses 59,000 Net operating income $ 97,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.) 1 Dollar sales for company to break-even 2. Dollar sales for North segment to break-even 3. Dollar sales for South segment to break-even 2 of 4 Next > < Prev
Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Total Company $ 675,000 North $ 450,000 South $ 225,000 Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses 405,000 270,000 150,000 315,000 135,000 75,000 90,000 135,000 75,000 120,000 $ 60,000 $ 60,000 65,000 $ 55,000 Net operating income Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. Note: For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar. 1. Dollar sales for company to break even 2. Dollar sales for North segment to break even 3. Dollar sales for South segment to break even
Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Total Sales Variable expenses Contribution margin Traceable fixed expenses Company $ 600,000 360,000 240,000 120,000 North $ 400,000 280,000 120,000 60,000 South $ 200,000 80,000 120,000 60, 000 Segment margin 120,000 $ 60,000 $ 60,000 Common fixed expenses 50,000 Net operating income $ 70,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. 1 Dollar sales for company to break-even 2. Dollar sales for North segment to break-even 3. Dollar sales for South segment to break-even
Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Total North Company $ 937,500 637,500 300,000 South $ 750,000 600,000 150,000 73,000 $ 77,000 $ 187,500 37,500 150,000 Sales Variable expenses Contribution margin Traceable fixed expenses 146,000 73,000 Segment margin 154,000 $ 77,000 Common fixed expenses 64,000 Net operating income $ 90,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.) 1. Dollar sales for company to break-even 2. Dollar sales for North segment to break-even 3. Dollar sales for South segment to break-even
Piedmont Company segments its business into two regions-North and South. The company prepared the contributi segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Total Company $ 800,000 560,000 North $ 600,000 480,000 120,000 South $ 200,000 80,000 240,000 126, 000 120,000 63,000 $ 57,000 63,000 $ 57,000 Segment margin Common fixed expenses 114,000 54,000 $ 60,000 Net operating income Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest doll nces 1. Dollar sales for company to break-even 2. Dollar sales for North segment to break-even 315.000 105.000 3. Dollar sales for South segment to break-even SSUS Type here to search 關

Crossfire Company segments its business into two regions—East and West. The company prepared a contribution format segmented income statement as shown below: Total Company East West Sales $ 915,000 $ 610,000 $ 305,000 Variable expenses 732,000 518,500 213,500 Contribution margin 183,000 91,500 91,500 Traceable fixed expenses 111,000 51,000 60,000 Segment margin 72,000 $ 40,500 $ 31,500 Common fixed expenses 60,000 Net operating income $ 12,000 Required: 1. Prepare a new segmented income statement based on the break-even dollar sales that you computed in requirements 2 and 3. What is Crossfire’s net operating income (loss) in your new segmented income statement? 2. Do you think that Crossfire should allocate its common fixed expenses to the East and West regions when computing the break-even points for each region?
Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income Total Company $ 937,500 637,500 300,000 142,000 158,000 62,000 $ 96,000 North $ 750,000 600,000 150,000 71,000 $ 79,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. South $ 187,500 37,500 150,000 71,000 $ 79,000
Complete each of the following contribution format income statements by supplying the missing numbers. a. b. c. d. Sales revenue $ $485,168 $ $686,356 Variable expenses 232,804 102,728 Contribution margin 130,532 171,860 430,808 Fixed expenses 87,912 146,396 Operating income 21,597 Income taxes 25,184 21,532 60,859 Net income $15,118 $ $64,596 $182,577
Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income Total Company $ 1,156,250 786,250 370,000 156,000 1. Dollar sales for company to break even 2. Dollar sales for North segment to break even 3. Dollar sales for South segment to break even North $ 925,000 740,000 185,000 78,000 214,000 $ 107,000 68,000 $ 146,000 South $ 231,250 46,250 185,000 78,000 $ 107,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.
1.Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Total Company North South Sales $600,000 $ 400,000 $ 200,000 Variable expenses 360,000 280,000 80,000 Contribution margin 240,000 120,000 120,000 Traceable fixed expenses 120,000 60,000 60,000 120,000 $ 60,000 $ 60,000 Segment margi Common fixed expenses 50,000 Net operating income $70,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region.
Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income Total Company $ 812,500 552,500 260,000 134,000 126,000 54,000 $ 72,000 1. Dollar sales for company to break even 2. Dollar sales for North segment to break even 3. Dollar sales for South segment to break even North $ 650,000 520,000 130,000 67,000 $ 63,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. South $ 162,500 32,500 130,000 67,000 $ 63,000 Note: For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.
Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income Total Company $ 825,000 495,000 330,000 156,000 174,000 69,000 $ 105,000 North $ 550,000 385,000 165,000 78,000 $ 87,000 Required: 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. 1. Dollar sales for company to break even 2. Dollar sales for North segment to break even 3. Dollar sales for South segment to break even South $ 275,000 110,000 165,000 78,000 $87,000 Note: For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.