Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format segmented income statement as shown:| | Total Company | North | South ||------------------------|---------------|---------|---------|| **Sales** | $812,500 | $650,000| $162,500|| **Variable expenses** | 552,500 | 520,000 | 32,500 || **Contribution margin**| 260,000 | 130,000 | 130,000 || **Traceable fixed expenses** | 134,000 | 67,000 | 67,000 || **Segment margin** | 126,000 | $63,000 | $63,000 || **Common fixed expenses** | 54,000 | | || **Net operating income** | $72,000 | | |**Required:**1. Compute the companywide break-even point in dollar sales.2. Compute the break-even point in dollar sales for the North region.3. Compute the break-even point in dollar sales for the South region.**Note:** For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest dollar.| | ||---------------------------|------------|| 1. Dollar sales for company to break even | || 2. Dollar sales for North segment to break even | || 3. Dollar sales for South segment to break even | |

The break-even point is the level of sales at which total revenue equals total costs, resulting in…

Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Total Company $ 812,500 552,500 260,000 134,000 126,000 North $ 650,000 520,000 130,000 67,000 $ 63,000 South $ 162,500 32,500 130,000 67,000 $ 63,000

Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Total Company $ 812,500 552,500 260,000 134,000 126,000 North $ 650,000 520,000 130,000 67,000 $ 63,000 South $ 162,500 32,500 130,000 67,000 $ 63,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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