OM v2

OM v2.cengegenow.com ? + 9 Chapter 24 HW cecok Show Me How ?? 10 r. Profit Center Responsibility Reporting Championship Sports Inc. operates two divisions the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 2009, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: Sales-Winter Sports Division $32,917,500 Sales-Summer Sports Division Cust of Goods Sold-Winter Sports Division 19.750.500 Cost of Goods Sold-Surimer Sourts Division 21.001.500 21.001,500 Sales Expense-Winter Sports Division 5,643.000 " Sales Expense Summer Sports Division " 5,016,000 Administrative Expense-Winter Sports Division 3,291,800 Administrative Expense-Summer Sports Division 3,229.100 Advertising Lxpense can see 903.000 Transportation Experise 401.500 Accounts Receivable Collection Experse 215,600 Warehouse Expanse 3,135,000 The bases to be used in allocating experses, together with ather information, are as follOS: 2. Advertising expense-incurred at headquarters, allocated to divisions on the basis af Sage: Winter Sports Division, $424.COD: Summer Sports Division, $479.000. b. Transportation experse-alocated to divisions at a rate of $15 per bill of lading: Winter Sports Division, 15,300 bills of lading: Summer Sports Division, 16,890 bills of lading, c. Accounts receivabe collection expense-incurred at headcuarters, allocated to divisions at a rate of s7 per lavcice: Winter Sports Division, 14,200 sales involves: Summer Sports Division, 16,600 sales invoices. d. Warehouse expense-allocated to divisions on the basis of Moor space used in storing division products: Winter Sports Division, 170,000 square feet; Summer Sports Division, 210,000 squere feet Prepare a divisional Income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your Interim calculations. Championship Sports Inc. Divisional Income Statements For the Year Ended December 31, 2019 Winter Sports Division Summer Sports Division Salas 12019,400 *. An in ? Mennon 19.750 21.04. SHO Check My Work 2 more Check My Work uses remaining. Next > Assignment Score: 70.86% All work saved. Email Instructor Save and Exit Submit Assignment for Grading 0 MM V2.cengegenow.com C 0 + Chapter 24 HW cecak Show Me How The bases to be used in allocating experses, together with other information are as follons 2. Advertising expense-incurred at headquarters, allocated to divisions on the basis of usage: Winter Sports Division, $424,000; Summer Sports Division, $479,000. b. Transportation experscralosed to divisions at a rate of $15 per bill of lading: Winter Sports Division, 15,300 bills of lading: Summer Sports Division, 16,810 bill of lading. c. Accounts receivable collection expense-incurred at headquarters, allocated to divisions et a rate of s7 per inweice: Winter Sports Division, 14,200 sales invoices; Summer Sports Division, 16,600 sales invoices c. Warehouse expense-allocated to divisions on the basis of floor space used in storing division products: Winter Sports Division, 170,000 square feet; Summer Sports Division, 210,00u square feet. Prepare a divisional income statement with two column Headings: Winter Sports Division and Summer Sports Division. Do not round your interim calculations. Championship Sports Inc. Divisional Income Statements For the Year Ended December 31, 2049 Winter Sports Division Summer Sports Division Sales $ 32.917.500 $ 36,366 ? Cast of goods sold 19,750,400 21.04.500 Gross profit 13.167,900 15,261 SH ? Divisional selling and administrative expenses: Divisional selling expenses 13,200 4.????? V Divisional administrasive expenses 3.291.8097 3,229.100 Tweel divisional selling and administrative expenses ???? ? $345.100 12.200 1,116,460 Operating income before support department allocations Support department allocations: Advertising expense 424,000 479.000 HL Transportation expense Nocounts receivable collection expense 116.28 99400 1120,00 X Warehouse expenso 1. X X Total support department allocations 1.772,900 x 2,097.20 X Operating Income 2,45300 X $109,200 X Frack Check My work 2 mare Check My Work uses romainna Next > Assignment Score: 70.86% All wark SAVAD. Emai Instructor Save and Exit Submit Ausgnment for Grading 0 MM A v2.cengagenow.com ? + cecok Show Me How Chapter 24 HW support department Bucure: Advertising expense 4342007 479,000 152.000 Transportation expense Accounts receivable collection axpansa 1,400 116200 Warehouse expense 1.020,000 X 1,230 X Tocal support deperiment allocations 1,772,200 X 2,107,20 X ? 1459,00 X Operating income 5.691.260 x helbut w Provide supporting schedules for determining suppart department allocations. If required, round per unit amounts to two decimal places and final answers to the nearest dollar. Championship Sports Inc. Support Department Allocations For the Year Ended December 31, 2049 Winter Sports Division Summer Sports Division Total Advertising axpanse ww $429,000 $ 1,63.000 Transportation rate per bill of lading ? Number of bilis at lacing Tansanitation expense s $ Accounts receivabla collection rata s $ Number of sales invoices Accounts recalvable collection expense $ Warehouse rate per sq. ft. Number of square foot Warehouse expense Check My Work 2 morc Check My Work uses remainng. Next > Assignment Score: 70.88% All wark SAVAD. Emai Instructor Save and Exit Submit Ausgnment for Grading