3. (10 points) Kneeland Corporation has two divisions: Grocery Division and Convenience Division. The following report...
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3. (10 points) Kneeland Corporation has two divisions: Grocery Division and Convenience Division. The following report is for the most recent operating period: Total Grocery Convenience Division Division Company $ 427,000 $ 311,000 119,380 116,000 38,760 77,240 49,000 28,240 Sales $ Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expense 80,620 307,620 230,380 239,000 68,620 40,970 190,000 40,380 Net operating income $ 27,650 Required: a. What is the Grocery Division's break-even in sales dollars? b. What is the Convenience Division's break-even in sales dollars? c. What is the company's overall break-even in sales dollars? d. What would be the company's overall net operating income if the company operated at its two division's break-even points? Please show calculations as well, thank you. 3. (10 points) Kneeland Corporation has two divisions: Grocery Division and Convenience Division. The following report is for the most recent operating period: Total Grocery Convenience Division Division Company $ 427,000 $ 311,000 119,380 116,000 38,760 77,240 49,000 28,240 Sales $ Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expense 80,620 307,620 230,380 239,000 68,620 40,970 190,000 40,380 Net operating income $ 27,650 Required: a. What is the Grocery Division's break-even in sales dollars? b. What is the Convenience Division's break-even in sales dollars? c. What is the company's overall break-even in sales dollars? d. What would be the company's overall net operating income if the company operated at its two division's break-even points? Please show calculations as well, thank you.
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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