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3 years ago

Divisional Income Statements

Business

1 answer:

jekas [21]3 years ago

5 0

Answer and Explanation:

The Preparation of divisional income statements is following below:-

Ruiz Industries Inc.

Divisional Income Statements

For the Year Ended November 30, 2018

Commercial Division Residential Division

Sales a $479,140 $292,280

Cost of goods sold b $316,230 $163,680

Gross profit c = (a - b) $162,910 $128,600

Administrative expenses d $57,500 $58,460

Operating income $105,410 $70,140

(e = c - d)

Support department

allocations f $43,120 $28,350

Segment Income $62,290 $41,790

(g = e - f)

So, to reach at segment income we subtract the Support department allocations from operating income.

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