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1.
North South West
Revenues
Operating expenses
Income from operations before service dept. charges
Less service department charges:
Dispatching
Equipment management
Total
Income from operations
Supporting schedules:
North South West Total
Number of scheduled trains
Number of railroad cars in inventory
Service Cost Output = Rate
Dispatching rate per scheduled train
Equipment management rate per railroad car
2.
Profit margin: Income from Profit
Operations Revenues = Margin
North Region
South Region
West Region
Based on profit margin, the Region has the highest performance.
3.
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THOMAS RAILROAD COMPANY
Divisional Income Statements
For the Quarter Ended December 31, 2014
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Problem 24-2B
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Section:
0%
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
1.
North South West
Revenues 3,780,000$ 5,673,000$ 5,130,000$
Operating expenses 2,678,500 4,494,890 3,770,050
Problem 24-2B
Name:
Solution
Section:
ON
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Instructions
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For the Quarter Ended December 31, 2014
THOMAS RAILROAD COMPANY
Divisional Income Statements