History Bodkmarks Tools Window Help Chap 06: Quiz Oe Search 100 points Bovine Co

Question

History Bodkmarks Tools Window Help Chap 06: Quiz Oe Search 100 points Bovine Company, a wholosale distributor of DVDs, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement below: Sales $1,667,000 Varablo oxpensos804,480 Contribution margin Fixed expenses 1,062,540 1,169,000 Net operating loss $ (106,460) In an effort to isolate the problem, the president has asked for an income statement segmented by geographic market Accordingy,the Accounting Department has developedthe fowing Market SouthCentral North 397,000$690,000 $580,000 44% Sales Variable expenses as a percentage of sales Traceable fixed expenses 48% 23% $298,000 $325,000 $209,000 nmented by geographic market, as desired by the

Explanation / Answer

Geographic market

Total South Central North

Sales $16,67,000 $397,000 $690,000 $580,000

Less variable cost $604460 $190,560 $158,700 $255,200

Contribution $1062540 $206,440 $531,300 $324,800

Less: Fixed cost $832,000 $298,000 $325,000 $209,000

Profit $23540 -$91,560 $206,300 $115,800

2a $285056

2b yes

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.