The following information was taken from the records of Baltimore Branch of Unilever Company pertaining to its operationn for the year just ended Sales Revenue $3,500,000 Salary and Wages Expense 480,000 Utilities Expense 140,000 Repairs and Maintenance * Transportation Expense Share in Corporate Overhead Costs Real Property Tax 75,000 8,000 140,000 25,000 Cost of Goods Sold 1,200,000 Permits and Licenses 7,000 Advertising Expense (Based on Annual Contract) 80,000 Sales Commission 70,000 With approval of manager The land wherein the Baltimore Branch is situated is owned by Unilever and the company is detemined to maintain the property regardless whether Baltimore will be closed or not. The salary and wages account includes the branch manager's annual salary amounting to $120,000. The manager is in-charge of hiring of people and setting the salaries. The store's operating hours are fixed at 8 hours a day. Transportation expense is incurred by the branch based on the customers' requests subject to the approval of the branch manager. Required: 1. How much is the segment's contribution margin? 2. How much is the segment's controllable margin? 3. How much is the segment margin of Baltimore Branch?

The following information was taken from the records of Baltimore Branch of Unilever Company pertaining to its operationn for the year just ended Sales Revenue $3,500,000 Salary and Wages Expense 480,000 Utilities Expense 140,000 Repairs and Maintenance * Transportation Expense Share in Corporate Overhead Costs Real Property Tax 75,000 8,000 140,000 25,000 Cost of Goods Sold 1,200,000 Permits and Licenses 7,000 Advertising Expense (Based on Annual Contract) 80,000 Sales Commission 70,000 With approval of manager The land wherein the Baltimore Branch is situated is owned by Unilever and the company is detemined to maintain the property regardless whether Baltimore will be closed or not. The salary and wages account includes the branch manager's annual salary amounting to $120,000. The manager is in-charge of hiring of people and setting the salaries. The store's operating hours are fixed at 8 hours a day. Transportation expense is incurred by the branch based on the customers' requests subject to the approval of the branch manager. Required: 1. How much is the segment's contribution margin? 2. How much is the segment's controllable margin? 3. How much is the segment margin of Baltimore Branch?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter22: S Corporations

Section: Chapter Questions

Problem 16CE

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Use this information for Train Corporation to answer the question that follow.The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: RailsDivision LocomotiveDivision CorporateTotal Cost of goods sold $ 47,200 $30,720 Direct operating expenses 27,200 20,040 Sales 108,000 78,000 Interest expense $ 2,040 General overhead 18,160 Income tax 4,700 The net income for Train Corporation is
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