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ivann1987 [24]
3 years ago
6

The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions:_____

__.
Restin, Los Angeles Bay Area Central Valley
Inc. Division Division Division
Revenues $ 1,000,000 $ 280,000 $ 315,000 $ 405,000
Variable operating expenses 554,000 154,000 170,000 230,000
Controllable fixed expenses 240,000 75,000 85,000 80,000
Noncontrollable fixed expenses 90,000 25,000 30,000 35,000
In addition, the company incurred common fixed costs of $21,000.
The profit margin controllable by the Central Valley segment manager is:_______.
Business
1 answer:
mars1129 [50]3 years ago
3 0

Answer:

The profit margin controllable by the Central Valley segment manager is:  $ 95,000.

Explanation:

Only items directly controllable by the Manager should be included in the divisional financial performance measure.

<u>Central Valley Division</u>

Revenues                                         $ 405,000

Less Variable Costs :

Variable operating expenses        ($ 230,000)

Controllable Contribution                $ 175,000

Less Controllable fixed expenses   ($80,000)

Controllable Profit                             $ 95,000

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Answer:

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Cr Cash $ 300

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Cr Purchase returns & Allowances $ 600

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Preparation of the journal entries to record the above transactions for a retail store. Assume a perpetual inventory system.

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