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Kamila [148]
3 years ago
13

Hygdye218 Corporation has two divisions: the Domestic Division and the Foreign Division.The Hygdye218 Corporation's net operatin

g income is $84,300.The Domestic Division's divisional segment margin is $48,200 and the Foreign Division's divisional segment margin is $172,000.
What is the amount of the Hygdye218 Corporation's common fixed expense not traceable to the individual divisions?
A. $132,500
B. $135,900
C. $256,300
D. $220,200
Business
1 answer:
lyudmila [28]3 years ago
7 0

Answer:

B.$135,900

Explanation:

Calculation for What is the amount of the Hygdye218 Corporation's common fixed expense not traceable to the individual divisions

Using this formula

Net operating income = Segment margin - Common fixed expenses

Let plug in the formula

$84,300 = ($48,200 +$172,000) - Common fixed expenses

$84,300= $220,200 - Common fixed expenses

Common fixed expenses = $220,200 - $84,300

Common fixed expenses= $135,900

Therefore the amount of the Hygdye218 Corporation's common fixed expense not traceable to the individual divisions will be $135,900

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Answer:

COGS    3807 debit

FG          7896 debit

WIP         2397 debit

  Factory Overhead  14,100 credit

--to record the underapplication of overhead--

Explanation:

overhead rate:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

$515,000 overhead /  515,000 labor cost = $1

each labor cost generates a dollar of overhead.

221,400 x 1 =   221,400 overhead in COGS

459,200 x 1 = 459,200 overhead in Finished Goods

139,400 x 1 =   139,400 overhead in WIP inventory

Total applied  820,000

Actual            805,900

Underapplied    14,100

Now we weight each concept and determiante the portion underapplocated in each concept

\left[\begin{array}{cccc}Item&Value&Weight&Allocated\\COGS&221400&0.27&3807\\FG&459200&0.56&7896\\WIP&139400&0.17&2397\\&&&\\Total&820000&1&14100\\\end{array}\right]

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Which of the following best describes the practice of Internet price​ discrimination? A. Giving a product away​ free, but chargi
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Answer:

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elected data of Islander Company follow: As of December 31, Balance Sheet Data 2017 2016 Accounts receivable $ 500,000 $ 470,000
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Answer:

(a) 5.41 times

(b) 3.48 times

Explanation:

(a) Accounts receivable turnover for 2017:

=\frac{Net\ Credit\ Sales}{Average\ Accounts\ Receivables}

=\frac{2,500,000}{462,500}

      = 5.41 times

Working:

Average\ Accounts\ Receivables=\frac{Sum\ of\ net\ accounts\ receivable\ in\ 2017\ and\ 2016}{2}

Average\ Accounts\ Receivables=\frac{475,000+450,000}{2}

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(b) Inventory turnover for 2017:

=\frac{cost\ of\ goods\ sold}{Average\ Inventory}

=\frac{2,000,000}{575,000}

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Working:

Average\ Inventory=\frac{Sum\ of\ inventories\ in\ 2017\ and\ 2016}{2}

Average\ Accounts\ Receivables=\frac{600,000+550,000}{2}

                                                             = 575,000

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Answer:

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