Chapter_26_Selected_Solutions_001

Chapter_26_Selected_Solutions_001 - CHAPTER 26 - SELECTED...

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CHAPTER 26 -- SELECTED SOLUTIONS LO 1 Skip this L.O. LO 2 Skip this L.O. LO 3 SE 2 1. Profit center 2. Cost center 3. Revenue center 4. Investment center 5. Discretionary cost center SE 3 1. Controllable 2. Controllable 3. Not controllable 4. Not controllable 5. Not controllable E 5 1. Profit center 2. Revenue center 3. Investment center 4. Investment center 5. Discretionary cost center 6. Cost center 7. Profit center 8. Cost center 9. Cost center 10. Revenue center E 6 1. Plant manager 2. Plant manager 3. Production supervisors 4. Plant manager 5. Plant manager 6. Vice president—production 7. Vice president—production 8. Production supervisors 9. Plant manager 10. Vice president—production 11. Vice president—production LO 4 P 1 Refer to the solution in the Full Solutions file. P 2 1. Traditional income statement prepared
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Tops Corporation Traditional Income Statement For the Year Ended December 31, 20x8 Sales ( 88,400 x $18 ) Cost of goods sold Gross margin Selling and administrative expenses Variable selling expenses Fixed selling expenses Fixed administrative expenses Operating income 2. Variable costing income statement prepared Tops Corporation Variable Costing Income Statement For the Year Ended December 31, 20x8 Sales ( 88,400 x $18 ) Controllable variable costs Variable cost of goods sold Variable selling expenses Contribution margin Controllable fixed costs Fixed manufacturing overhead Fixed selling expenses Fixed administrative expenses Operating income LO 5 Q 17 Return on investment (ROI) is a composite index of many cause-and-effect re-
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This note was uploaded on 02/07/2011 for the course BUS 209 taught by Professor Z.gougoumanova during the Spring '11 term at American University in Bulgaria.

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Chapter_26_Selected_Solutions_001 - CHAPTER 26 - SELECTED...

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