Data for January for Bondi Corporation and its two major business segments, North and South, appear below:
Sales revenues, North
$
548,000
Variable expenses, North
$
318,000
Traceable fixed expenses, North
$
65,600
Sales revenues, South
$
423,500
Variable expenses, South
$
241,600
Traceable fixed expenses, South
$
54,800
In addition, common fixed expenses totaled $148,600 and were allocated as follows: $77,200 to the North business segment and $71,400 to the South business segment.
A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is:
Data for January for Bondi Corporation and its two major business segments, North and South, appear below:
| Sales revenues, North | $ | 548,000 | |||||||
| Variable expenses, North | $ | 318,000 | |||||||
| Traceable fixed expenses, North | $ | 65,600 | |||||||
| Sales revenues, South | $ | 423,500 | |||||||
| Variable expenses, South | $ | 241,600 | |||||||
| Traceable fixed expenses, South | $ | 54,800 | |||||||
In addition, common fixed expenses totaled $148,600 and were allocated as follows: $77,200 to the North business segment and $71,400 to the South business segment.
A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is:
Related questions
Data for December concerning Ash Corporation's two majorbusiness segments-Fibers and Feedstocks-appear below.
Sales revenues, Fibers | $950,000 |
Sales revenues, Feedstocks | $900,000 |
Variable expenses, Fibers | $525,000 |
Variable expenses, Feedstocks | $424,000 |
Traceable fixed expenses, Fibers | $148,000 |
Traceable fixed expenses, Feedstocks | $156,000 |
Common fixed expenses totaled $292,000 and were allocated asfollows: $155,000 to the Fibers business segment and $137,000 tothe Feedstocks business segment.
Required:
Prepare a segmented income statement in the contribution format forthe company. Omit percentages; show only dollar amounts. (Points :15)
