Old Jeans,Inc.has two divisions or profit centers,one makes regular fit jeans and the other makes relaxed fit jeans.The information for the two centers follows:
There are also common fixed costs of $27,500.
Required:
Prepare a responsibility income statement by profit center and in total.
Definitions:
Milligrams
A unit of mass in the metric system equal to one-thousandth of a gram.
Grams
A unit of mass in the metric system, used to measure small quantities of substances.
Dimensional-Analysis
A method in mathematics and physics that uses units of measurement to help solve problems involving conversion or comparison of different scales.
Conversion Factor
A mathematical factor used to change one set of units to another by multiplying.
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