Thornton company income statements for the year 2018 segment a b c sales $ 164,000 $ 253,000 $ 264,000 cost of goods sold (127,000 ) (88,000 ) (78,000 ) sales commissions (19,000 ) (26,000 ) (23,000 ) contribution margin 18,000 139,000 163,000 general fixed operating expenses (allocation of president’s salary) (42,000 ) (37,000 ) (29,000 ) advertising expense (specific to individual divisions) (6,000 ) (17,000 ) 0 net income $ (30,000 ) $ 85,000 $ 134,000 required prepare a schedule of relevant sales and costs for segment a. prepare comparative income statements for the company as a whole under two alternatives: (1) the retention of segment a and (2) the elimination of segment a.

Clonex labs, inc., uses the weighted-average method in its process costing system. the following data are available for one department for october: percent completed units materials conversion work in process, october 1 53,000 90 % 65 % work in process, october 31 29,000 74 % 52 % the department started 381,000 units into production during the month and transferred 405,000 completed units to the next department. required: compute the equivalent units of production for october.

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

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