Question

The centralized computer technology department of Hardy Company has expenses of $320,000. The department has provided...

The centralized computer technology department of Hardy Company has expenses of $320,000. The department has provided a total of 4,000 hours of service for the period. The Retail Division has used 2,750 hours of computer technology service during the period, and the Commercial Division has used 1,250 hours of computer technology service. Additional data for the two divisions is following below:

Retail Division Commercial Division
Sales $2,150,000 $1,200,000
Cost of goods sold 1,300,000 800,000
Selling expenses 150,000 175,000

Determine the divisional income from operations for the Retail Division and the Commercial Division. Do not round interim calculations.

Hardy Company
Divisional Income from Operations
Retail Division Commercial Division
Sales $ $
Cost of goods sold
Gross profit $ $
Service department charges  
Income from operations before service department charges $ $
Selling expenses
Income from operations $ $
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Determine the divisional income from operations for the Retail Division and the Commercial Division. Do not round interim calculations.

Hardy Company
Divisional Income from Operations
Retail Division Commercial Division
Sales $2150000 $1200000
Cost of goods sold 1300000 800000
Gross profit $850000 $400000
Selling expense 150000 175000
Income from operations before service department charges $700000 $225000
Service department charges 220000 100000
Income from operations $480000 $125000
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A). The centralized employee Travel Department of Howard Company has expenses of $247,500. The department has...
A). The centralized employee Travel Department of Howard Company has expenses of $247,500. The department has serviced a total of 7,500 travel reservations for the period. The South Division has made 2,175 reservations during the period, and the West Division has made 5,325 reservations. How much should each division be charged for travel services? Do not round interim calculations. South Division $ West Division $ B).Income from Operations for Profit Center The centralized computer technology department of Hardy Company has...
The centralized employee travel department of Camtro Company has expenses of $528,000. The department has serviced...
The centralized employee travel department of Camtro Company has expenses of $528,000. The department has serviced a total of 6,000 travel reservations for the period. The Northeast Division has made 2,400 reservations during the period, and the Pacific Division has made 3,600 reservations. Northeast Division Pacific Division Sales $1,155,000 $1,204,000 Cost of goods sold 590,800 658,000 Selling expenses 231,000 252,000 Use the data provided to determine the divisional income from operations for the Northeast and Pacific divisions. Refer to the...
Divisional Income Statements with Service Department Charges Yozamba Technology has two divisions, Consumer and Commercial, and...
Divisional Income Statements with Service Department Charges Yozamba Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasing. The corporate expenses for the year ended December 31, 20Y7, are as follows: Tech Support Department $1,238,400 Purchasing Department 223,500 Other corporate administrative expenses 629,000 Total corporate expense $2,090,900 The other corporate administrative expenses include officers’ salaries and other expenses required by the corporation. The Tech Support Department charges the divisions for services rendered, based on...
Divisional Income Statements with Service Department Charges Yozamba Technology has two divisions, Consumer and Commercial, and...
Divisional Income Statements with Service Department Charges Yozamba Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasing. The corporate expenses for the year ended December 31, 20Y7, are as follows: Tech Support Department $516,000 Purchasing Department 89,600 Other corporate administrative expenses 560,000 Total corporate expense $1,165,600 The other corporate administrative expenses include officers' salaries and other expenses required by the corporation. The Tech Support Department charges the divisions for services rendered, based on...
The centralized employee travel Department of the goodwill company has expenses of 150,000. that apartment has...
The centralized employee travel Department of the goodwill company has expenses of 150,000. that apartment has serviced a total of 2500 travel reservations for the period. The Midwest division has made 1000 reservations during the period and southeast division has made 1500 reservations. how much would each division be charged for travel expenses Using data from the goodwill company from question 3a above along with the data provided below determine the divisional income from operations for the Midwest and southeast...
Divisional Income Statements with Service Department Charges Yozamba Technology has two divisions, Consumer and Commercial, and...
Divisional Income Statements with Service Department Charges Yozamba Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasing. The corporate expenses for the year ended December 31, 20Y7, are as follows: Tech Support Department $516,000 Purchasing Department 89,600 Other corporate administrative expenses 560,000 Total corporate expense $1,165,600 The other corporate administrative expenses include officers' salaries and other expenses required by the corporation. The Tech Support Department charges the divisions for services rendered, based on...
The following data were summarized from the accounting records for Jersey Coast Construction Company for the...
The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20Y8: Cost of goods sold: Commercial Division $916,250 Residential Division 450,675 Administrative expenses: Commercial Division $149,200 Residential Division 128,800 Service department charges: Commercial Division $112,740 Residential Division 68,850 Sales: Commercial Division $1,360,500 Residential Division 749,500 Prepare divisional income statements for Jersey Coast Construction Company. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for...
Yozamba Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and...
Yozamba Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasing. The corporate expenses for the year ended December 31, 20Y7, are as follows: Tech Support Department $475,600 Purchasing Department 66,000 Other corporate administrative expenses 580,000 Total corporate expense $1,121,600 The other corporate administrative expenses include officers’ salaries and other expenses required by the corporation. The Tech Support Department charges the divisions for services rendered, based on the number of computers in the department,...
The following data were summarized from the accounting records for Jersey Coast Construction Company for the...
The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20Y8: Cost of goods sold: Service department charges: Commercial Division $561,570 Commercial Division $76,580 Residential Division 266,830 Residential Division 46,220 Administrative expenses: Net sales: Commercial Division $102,100 Commercial Division $850,860 Residential Division 95,300 Residential Division 476,480 Prepare divisional income statements for DeSalvo Construction Company. JERSEY COAST CONSTRUCTION COMPANY Divisional Income Statements For the Year Ended June 30, 20Y8 Commercial Division...
Grael Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and...
Grael Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasing. The corporate expenses for the year ended December 31, 20Y7, are as follows: Tech Support Department $ 492,000 Purchasing Department 75,600 Other corporate administrative expenses 575,000 Total corporate expense $1,142,600 The other corporate administrative expenses include officers’ salaries and other expenses required by the corporation. The Tech Support Department charges the divisions for services rendered, based on the number of computers in the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT