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Case 12-53 - CASE 12-53(60 MINUTES 1 Segmented income...

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CASE 12-53 (60 MINUTES) 1. Segmented income statement by geographic areas: N ORTH A MERICAN I NDUSTRIES S EGMENTED I NCOME S TATEMENT BY G EOGRAPHIC A REAS F OR THE F ISCAL Y EAR E NDED A PRIL 30, 20x4 Geographic Areas United States Canada Mexico Unalloca ted Total Sales in units a Furniture .......... 32,000 8,000 40,000 80,000 Sports .............. 36,000 36,000 18,000 90,000 Housewares ...... 16,000 16,000 48,000 80,000 Total unit sales 84,000 60,000 106,000 250,000 Revenue b Furniture .......... $ 512,000 $ 128,000 $ 640,000 $1,280, 000 Sports .............. 1,440,00 0 1,440,0 00 720,000 3,600,0 00 Housewares ...... 480,000 480,000 1,440,0 00 2,400,0 00 Total revenue. $2,432,0 00 $2,048, 000 $2,800, 000 $7,280, 000 Variable costs c Furniture .......... $ 384,000 $ 96,000 $ 480,000 $ 960,000 Sports .............. 864,000 864,000 432,000 2,160,0 00 Housewares ...... 336,000 336,000 1,008,0 00 1,680,0 00 Total variable costs $1,584,0 00 $1,296, 000 $1,920, 000 $4,800, 000 Contribution margin .................. $ 848,000 $ 752,000 $ 880,000 $2,480, 000
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Fixed costs Manufacturing overhead d ....... $ 165,000 $ 135,000 $ 200,000 $ 500,000 Depreciation e .... 134,400 96,000 169,600 400,000 Administrative and selling expenses .............. 60,000 100,000 250,000 $ 750,000 1,160,0 00 Total fixed costs .................... $ 359,400 $ 331,000 $ 619,600 $ 750,000 $2,060, 000 Operating income (loss) .................. $ 488,600 $ 421,000 $ 260,400 $ (750,000 ) $ 420,000
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CASE 12-53 (CONTINUED) SUPPORTING CALCULATIONS a Sales in units Total Units × % of Sales = Units Sold United States Furniture ........................... 80,000 .40 32,000 Sports ................................ 90,000 .40 36,000 Housewares ....................... 80,000 .20 16,000 Canada Furniture ........................... 80,000 .10 8,000 Sports ................................ 90,000 .40 36,000 Housewares ....................... 80,000 .20 16,000 Mexico Furniture ........................... 80,000 .50
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