mainfr.uni US Financial Be & Managerial Accounting 3e, WileypLus custom Course f

Question

mainfr.uni US Financial Be & Managerial Accounting 3e, WileypLus custom Course for St. cloud State University urse for st. Cloud State University ACCOUNTING (AG D10-5 statement is by product line as follows: $63,385,000 $24,440,000 $6,107,000 $93,932,000 Variable cost of goods sold 31,900,000 12,930,000 3,s00,000 48,330,000 9,006,000 5,020,000 701,000 14,727,000 Fixed cost of ooods sold Gross profit 22.479,000 6,490,000 1,90,000 0,875,0 Variable operating expenses 8,005,000 1,510,000 863,000 10,378,000 Fixed operating expenses 4,004,000 1,010,000 311,000 5,325,000 3,017,000 2,035,000 1,023000 6,075,000 5 7,453,000 3 1,935,000 (291,000) 9,097,000 Allocated corporate costs Operating income g each of the three divisions. Fixed cost of goods sold and fixed operating expenses can he traced to each product line. amount is negative then enter with a negative sige preceding the numher e.g. -5,125 or parenthesis. eg. (5,125))

Explanation / Answer

D 10-5: Segment Margin Income Statement Yachts Sailboats Jet skis Total Sales revenue $63,385,000 $24,440,000 $6,107,000 $93,932,000 Less: Variable expenses Variable cost of goods sold $31,900,000 $12,930,000 $3,500,000 $48,330,000 Variable operating expenses $8,005,000 $1,510,000 $863,000 $10,378,000 Contribution margin $23,480,000 $10,000,000 $1,744,000 $35,224,000 Fixed expenses: Fixed cost of goods sold $9,006,000 $5,020,000 $701,000 $14,727,000 Fixed operating expenses $4,004,000 $1,010,000 $311,000 $5,325,000 Segment margin $10,470,000 $3,970,000 $732,000 $15,172,000 Allocated corporate costs $6,075,000 Net operating income $9,097,000

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