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ADMS 2510 Managerial Accounting Week 9 Tutorial problems - All Answers are Correct CA$14.00
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ADMS 2510 Managerial Accounting Week 9 Tutorial problems - All Answers are Correct

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Week 9: Tutorial problems 11-2, 11-5, 11-23 EXERCISE 11–2 Segmented Income Statement Bovine Company, a wholesale distributor of umbrellas, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement below: Sales $2,000,000 Variable...

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  • March 9, 2023
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  • 2022/2023
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  • adms 2510 week 9 tutorial problems 11 2 11 5 11 23 york university adms 2510

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Week 9:

Tutorial problems 11-2, 11-5, 11-23

,EXERCISE 11–2
Segmented Income Statement

Bovine Company, a wholesale distributor of
umbrellas, has been experiencing losses for some
time, as shown by its most recent monthly
contribution format income statement below:

Sales $2,000,000
Variable expenses 792,000
Contribution margin 1,208,000
Fixed expenses 1,305,000
Operating loss $ (97,000)

, In an effort to isolate the problem, the president
has asked for an income statement segmented by
geographic market. Accordingly, the Accounting
Department has developed the following:


Geographic Market

South Central North
Sales $600,000 $800,000 $600,000

Variable expenses as a 52% 30% 40%
percentage of sales
Traceable fixed expenses $320,000 $530,000 $300,000

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