ABC Company segments its income statement into its North and South Divisions. The company's overall sales, contribution ma ratio, and net operating income are $790,000, 48%, and $15,800, respectively. The North Division's contribution margin and contribution margin ratio are $150,800 and 52%, respectively. The South Division's segment margin is $95,000. The company $150,100 of common fixed expenses that cannot be traced to either division. Required:
ABC Company segments its income statement into its North and South Divisions. The company's overall sales, contribution ma ratio, and net operating income are $790,000, 48%, and $15,800, respectively. The North Division's contribution margin and contribution margin ratio are $150,800 and 52%, respectively. The South Division's segment margin is $95,000. The company $150,100 of common fixed expenses that cannot be traced to either division. Required:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Ис
Craw
Mill
ABC Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin
ratio, and net operating income are $790,000, 48%, and $15,800, respectively. The North Division's contribution margin and
contribution margin ratio are $150,800 and 52%, respectively. The South Division's segment margin is $95,000. The company has
$150,100 of common fixed expenses that cannot be traced to either division.
La
Required:
Prepare an income statement for ABC Company that uses the contribution format and is segmented by divisions. In addition, for the
company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your
percentage answers to 1 decimal place (i.e .1234 should be entered as 12.3).)
-
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Total Company
Amount
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f6
%
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Amount
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North
f8
%
Divisions
Amount
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South
16 of 21
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%
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Transcribed Image Text:Ис
Craw
Mill
ABC Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin
ratio, and net operating income are $790,000, 48%, and $15,800, respectively. The North Division's contribution margin and
contribution margin ratio are $150,800 and 52%, respectively. The South Division's segment margin is $95,000. The company has
$150,100 of common fixed expenses that cannot be traced to either division.
La
Required:
Prepare an income statement for ABC Company that uses the contribution format and is segmented by divisions. In addition, for the
company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your
percentage answers to 1 decimal place (i.e .1234 should be entered as 12.3).)
-
f4
Total Company
Amount
fs
f6
%
Q Search
4-
Amount
f7
4+
s%253A%252F%252Fmycstate.cincinnatistate.edu%252Fwebapps%
North
f8
%
Divisions
Amount
< Prev
Saved
fg
South
16 of 21
ly
%
fio
10
Next >
fy
DDI
f12
=
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