Description

Module 4 – SLP

Responsibility Accounting for Cost, Profit and Investment Centers

The following data pertain to the operating revenues and expenses for California, Inc. for 20XX.

Los Angeles

(LA) Segment

San Francisco

(SF) Segment

TotalSales$180,000$360,000$540,000Variable expenses96,000240,000336,000Direct fixed expenses24,00030,00054,000Indirect fixed expenses72,000

Assets (investment) used to generate operating income for the two segments are shown below.

Los Angeles

Segment

San Francisco

Segment

Assets directly used by and identified with the segment$180,000$360,000

Prepare a segmented income statement in good format showing the contribution margin of each segment, the contribution to indirect expenses of each segment, and the total income of California, Inc.

Determine the return on investment for evaluating (1) the earning power of the entire company and (2) the performance of each segment.

Comment on the results of part (b).

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Module 4 – SLP Responsibility Accounting for Cost, Profit and Investment Centers ACC202

Module 4 – SLP Responsibility Accounting for Cost, Profit and Investment Centers ACC202

Description

Responsibility Accounting for Cost, Profit and Investment Centers

The following data pertain to the operating revenues and expenses for California, Inc. for 20XX.

Our Service Charter