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Exercise 14-25 (Algo) Compute Divisional Income (LO 14-1) Owen Audio shows the following information for its two divisions for year 1. Consumer Division Commercial Division Sales revenue Cost of sales $ 1,864,800 Selling, General and Administrative Allocated corporate overhead 1,118,880 287,400 129,960 $ 5,905,200 3,791,100 360,840 411,540 Required: a. Compute divisional operating income for the two divisions. Ignore taxes. b-1. What are the gross margin and operating margin percentages for both divisions? b-2. How well have these divisions performed? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Compute divisional operating income for the two divisions. Ignore taxes. Operating income Consumer Division Commercial Division Req A Req B1 >

Exercise 14-25 (Algo) Compute Divisional Income (LO 14-1) Owen Audio shows the following information for its two divisions for year 1. Consumer Division Commercial Division Sales revenue Cost of sales $ 1,864,800 Selling, General and Administrative Allocated corporate overhead 1,118,880 287,400 129,960 $ 5,905,200 3,791,100 360,840 411,540 Required: a. Compute divisional operating income for the two divisions. Ignore taxes. b-1. What are the gross margin and operating margin percentages for both divisions? b-2. How well have these divisions performed? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Compute divisional operating income for the two divisions. Ignore taxes. Operating income Consumer Division Commercial Division Req A Req B1 >

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 14-25 (Algo) Compute Divisional Income (LO 14-1) Owen Audio shows the following information for its two divisions for year 1. Consumer Division Commercial Division Sales revenue Cost of sales $ 1,864,800 Selling, General and Administrative Allocated corporate overhead 1,118,880 287,400 129,960 $ 5,905,200 3,791,100 360,840 411,540 Required: a. Compute divisional operating income for the two divisions. Ignore taxes. b-1. What are the gross margin and operating margin percentages for both divisions? b-2. How well have these divisions performed? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Compute divisional operating income for the two divisions. Ignore taxes. Operating income Consumer Division Commercial Division Req A Req B1 >
Transcribed Image Text:Exercise 14-25 (Algo) Compute Divisional Income (LO 14-1) Owen Audio shows the following information for its two divisions for year 1. Consumer Division Commercial Division Sales revenue Cost of sales $ 1,864,800 Selling, General and Administrative Allocated corporate overhead 1,118,880 287,400 129,960 $ 5,905,200 3,791,100 360,840 411,540 Required: a. Compute divisional operating income for the two divisions. Ignore taxes. b-1. What are the gross margin and operating margin percentages for both divisions? b-2. How well have these divisions performed? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Compute divisional operating income for the two divisions. Ignore taxes. Operating income Consumer Division Commercial Division Req A Req B1 >
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