This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Galliart Company has two identical divisions, East and West. Their sales, production volume, and ... (Read 72 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Mar 6, 2021

Question 1

Explain the difference between the gross margin format and the contribution margin format for the income statement. What information is highlighted with each?

Question 2

Galliart Company has two identical divisions, East and West. Their sales, production volume, and fixed manufacturing costs have been the same for the last five years. The amounts for each division were as follows:
20142015201620172018
Units produced50,00055,00055,00044,00044,000
Units sold45,00045,00050,00050,00050,000
Fixed manufacturing costs$55,000$55,000$55,000$55,000$55,000

East Division uses absorption costing and West Division uses variable costing.
Both use FIFO inventory methods.
Variable manufacturing costs are $5 per unit.
Selling and administrative expenses were identical for each division.
There were no inventories at the beginning of 2014. 

Which division reports the highest income each year? Explain.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Lobcity on Mar 6, 2021

pratush dev

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


Lobcity

  • Member
  • Posts: 524
Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

debra928

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

A depiction of slaves on a South Carolina plantation, around 1790. Likely of Yoruba descent, they pl A depiction of slaves on a South Carolina plantation, around 1790. Likely of Yoruba descent, they pl
In a project on job discrimination, Pager prepared identical résumés for the teams, but with one ... In a project on job discrimination, Pager prepared identical résumés for the teams, but with one ...
The divisions of the adult human brain. The divisions of the adult human brain.
The two divisions of the dorsolateral motor pathway: the dorsolateral corticospinal tract and the ... The two divisions of the dorsolateral motor pathway: the dorsolateral corticospinal tract and the ...
What is the volume of 1.51 x 1024 atoms of an unknown gas at STP? What is the volume of 1.51 x 1024 atoms of an unknown gas at STP?
The production of a new allopolyploid species The production of a new allopolyploid species
Video: First Stage of Labor and Delivery Video

For a complete list of videos, visit our video library