Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. martinez company has four operating divisions. dur

Martinez Company has four operating divisions. During the first quarter of 2017, the company reported...

80.2K

Verified Solution

Question

Accounting

image

Martinez Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operations of $212,400 and the following divisional results. Division IV Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations $250,000 $199,000 $498,000 $449,000 191,000 295,000 247,000 49,000 $ (28,600) $(55,000) $143,000 $153,000 204,000 74,600 63,000 60,000 Analysis reveals the following percentages of variable costs in each division IV 76% 61 Cost of goods sold 72 % 88% 80 % Selling and administrative expenses 40 Discontinuance of any division would save 50% of the fixed costs and expenses for that division Top management is very concerned about the unprofitable divisions (I and II). Consensus is that one or both of the divisions should be discontinued 60 51 Compute the contribution margin for Divisions I and II. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Division I Division II Contribution margin

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

the standard SI unit of dynamic viscosity n is N * s/m2 Derive the unit of...

Mechanical Engineering
Q

1) Present ten standards compliance certificate for the design of shell and tube heat excanger 2) Present...

Mechanical Engineering
Q

support government intervention willing to use more funding for social programs support stricter gun laws...

Biology
Q

I need a bird s eye view figure with the entire path of light and...

Physics
Q

K Fill in the blank with an app An equation that has no so

Calculus
Q

4 02 07 What effect does depreciation expense have on net Income and cash flows...

Algebra
Q

Exerclse 16-12 (Algo) Welghted average: Cost per equlvalent unit; costs assigned to products LO P1...

Accounting
Q

July 31: The business received $1,110 for medical screening services to be performed next month....

Accounting
Q

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of...

Accounting
Q

Malibu Systems Inc., has provided the following data for last year's operations: $4,000$2,500$2,000$3,500

Accounting
Q

Fill in the missing information in the following table. Assume that Portfolio AB is 70...

Finance
Q

Strategic Management Key Internal Factors Weight ...

Finance