Asked on 26 Mar 2020

 

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:

 

 

Answered on 26 Mar 2020

Unlock this answer

Get 1 free homework help answers
Access 3.7 million verified answers.
Get access
Already have an account? Log in