Blue Ridge Manufacturing Segmented Income Statement Designer Children\'s Sports

Question

Blue Ridge Manufacturing

Segmented Income Statement

Designer

Children's

Sports

Total

Sales

$3,464,915

$3,246,587

$1,739,510

$8,451,012

Less:

   Variable product costs

1,829,464

1,977,798

1,137,225

4,944,487

   Commissions

236,805

256,006

147,202

640,013

Contribution Margin

$1,398,646

$1,012,783

$455,083

$2,866,512

Less:

   Indirect expenses

687,601

497,903

223,728

1,409,232

Income

$711,045

$514,880

$231,355

$1,457,280

To allocate each category (pool) of indirect costs, total the activity measures and divide into the costs in the pool to determine the rate. Then multiply each line

Blue Ridge Manufacturing

Segmented Income Statement

Designer

Children's

Sports

Total

Sales

$3,464,915

$3,246,587

$1,739,510

$8,451,012

Less:

   Variable product costs

1,829,464

1,977,798

1,137,225

4,944,487

   Commissions

236,805

256,006

147,202

640,013

Contribution Margin

$1,398,646

$1,012,783

$455,083

$2,866,512

Less:

   Indirect expenses

687,601

497,903

223,728

1,409,232

Income

$711,045

$514,880

$231,355

$1,457,280

Explanation / Answer

When the product is sold and has left the finished goods.

As Tax Day looms (and even when it's still months away) the thought of preparing and filing a US federalincometaxreturn can be paralyzing. Luckily, the whole system has been digitally revamped, cutting down preparation time, increasing accuracy and generally making the process more pleasant

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