I know nothing about how to do this homework problem... I have consulted with my
ID: 2435473 • Letter: I
Question
I know nothing about how to do this homework problem... I have consulted with my professor, but he will not respond to any emails. PLEASE help me!
Miami University Football divides its activities into two departments.
1. The total costs most likely to be classified as common are:
2. The Segment Margin for the Consessions Department is:
Tickets Concessions Revenues $250,000 $150,000 Materials & Supplies $ 20,000 $ 50,000 Advertising $ 5,000 $ 3,000 University Administration $ 50,000 $ 30,000 Direct labor $ 10,000 $ 40,000 Power $ 30,000 $ 10,000 Supervision $ 25,000 $ 15,000
Explanation / Answer
The total costs most likely to be classified as common are:
Other costs are determined by department and are easily separable.
2. The Segment Margin for the Consessions Department is:
Segment Margin For Concession department
Sales Revenue $150,000
Less : Variable Costs
Materials & Supplies $50,000
Direct Labor $40,000 $90,000
Contribution Margin $60,000
Less : Separable Costs
Advertising $3,000
Power $10,000
Supervision $15,000 $28,000
Segment Margin $32,000
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