Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. rock inc. has three divisions, granite, lime and n

Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable. Following...

60.1K

Verified Solution

Question

Accounting

image
Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable. Following is the income statement for the previous year: Sales Variable costs Contribution Margin Fixed Coats (allocated) Profit Margin Granite $514,000 179,000 335,000 258,000 $ 77,000 Lime Nina $ 272,500 $230,000 124, 200 101,000 148,300 129,000 160, 250 103,750 $ (11,950) $ 25,250 Total $1,016,500 404,200 612,300 522,000 $ 90,300 a. What would Rock's profit margin be if the Lime division were dropped? b. What would Rock's profit margin be if the Nina division were dropped

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

Faster Company purchased equipment in 2010 for $104,000 andestimated an $8,000 salvage value at...

Accounting
Q

1. Describe three threats in the general ledger and reporting system and identify corresponding controls for...

General Management
Q

2 While studying different sports games we discussed the type of game that each is...

Biology
Q

2 A raindrop of mass 1 g falling from a height of 1 km hits...

Physics
Q

Question ID 91 A house for sale has a huge deck on its west side...

Algebra
Q

In the vector space of all real valued functions find a basis for the subspace...

Algebra
Q

Maximize Q xy2 where x and y are positive numbers such that x y2 5...

Algebra
Q

Question 1 (30 marks) On Aug 15, 2022, Congo Construction entered into a long-term construction...

Accounting
Q

The following is the Corporation's Income Statement for last month:Sales $4,000,000 Less: variable expenses $2,800,000...

Accounting
Q

Cost Department Allocations In divisional income statements prepared for Demopolis Company, the Payroll Department costs...

Accounting
Q

How do differences in cultural values across countries influence strategy implementation within a MNC?

Accounting
Q

Question #1 Point amusement park management is preparing the park's annual promotional plan for the...

Accounting